What are my closing costs?

As a buyer or a seller of real estate it is important to have an estimate of what you can expect to pay in closing cost. In Florida closing costs for Buyers can vary depending on whether they are paying cash or are financing the purchase.

For a breakdown of typical cost for a buyer, check out the post at this link. https://realworks1.com//buyers-closing-costs/

Seller closing costs include a few fixed costs, but are usually determined by the sale price.

We will gladly provide you with a free, no obligation estimate of closing costs based on your particular situation. Simply send us an email to Sid@realworks1.com

Is The Commission Negotiable?

Short answer; The Commission is almost always negotiable.

Sellers typically pay commissions to both their own agent and the agent bringing the buyer to the transaction. The industry standard is 6% of the sale price, usually split between the two agents. Lower priced real estate (below $50,000), and harder to sell properties such as vacant land or commercial may pay a slightly higher percentage.

However, you get what you pay for:

A 2015 study (https://www.nber.org/papers/w21489.pdf) found that offering a commission of less than 2.5% to the agent bringing the buyer,(buyer’s agent) took 12% longer to sell and were 5% less likely to sell at all.

Reach out for a commission quote as well as an estimate of all closing costs for your particular situation. No cost, no obligation. sid@realworks1.com

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How much is the Commission?

At Realworks LLC we believe the commission rate for each individual transaction should be a fair trade off for the services provided . We have a tiered system that allows you to pick the plan that works best to get your property sold within for your budget.

  • Full Service Listing: Choose this level and we’ll handle everything from start to close of escrow. This includes a targeted marketing plan to generate the most buyer prospects.  and we take care of all the paperwork and coordinate everything with buyers, other Realtors, closing agents, surveyors, inspectors, mortgage brokers ect…  The typical rate we charge for this type of service can range between 5% to 10% depending on sale price and type of property.  This is the most common type of listing in the industry.
  • Flat Fee / Limited Service Listing: Are you an experienced Seller? Want to handle your own marketing? Don’t mind interacting with buyer prospects and other Realtors? Comfortable negotiating your own contracts? If so, limited service listing might be a good option. We offer a package that can cost you as little as a flat fee of $295 to get your property listed on the MLS, Realtor.com, Zillow, Trulia and more. Contact us for more details on how this works.
  • Al a carte services: We understand that not every seller has the same level of expertise and comfort with real estate transactions. Like any service, sometimes you need more assistance, sometimes you need a little less.  Traditionally, the only options available were the “full service” listing or for sale by owner route. We offer a pay as you go alternative in which you decide just how much you want to do yourself.

Reach out to discuss your particular situation, we’ll allow you to choose a plan that works in your favor. Email me at sid@realworks1.com

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What is the difference between a real estate agent and a real estate broker?

Most states require real estate sales professionals to be licensed by the state, so that they can control education and experience requirements and have a central authority to resolve consumer problems.

The terminology used to identify real estate professionals varies a little from state to state. Brokers are generally required to have more education and experience than real estate salespersons or agents.

The person you normally deal with is a real estate agent or salesperson. The salesperson is licensed by the state, but must work for a broker. All listings are placed in the broker’s name, not the salesperson’s.

A broker can deal directly with home buyers and sellers, or can have a staff of salespersons or agents working for him or her.