Hourly real estate services are revolutionizing the real estate profession. You are not alone if you find yourself shaking your head at the amount of commission your real estate broker is charging to sell your home. Traditionally, real estate commission has been calculated at five to six percent of the sale price and split between selling and buying brokers at closing. It sometimes seems as though the broker is walking away with a huge paycheck for very little work. Well, hourly real estate has changed all that.
The hourly, or time accountable, real estate services model is built on a fee for services basis; you pay only for the type and amount of services you use and the level of personnel assigned. A senior real estate professional always leads the team. You and the agency sign off on hourly rates and the number of hours expected to complete your transaction through a scope of work agreement that is finalized at the beginning of your working relationship; any deviation is presented to the client ahead of time for approval. Hourly rates depend upon the type of services required, the level of personnel assigned to your transaction and your billing plan.
Hourly real estate seller services are divided into prelisting and postlisting services. Prelisting services concentrate on developing a marketing plan geared toward directing as much traffic to your door as possible. This plan may include a professional grade marketing brochure highlighting the features of your home, featured website placement, video tours of home and neighborhood and email alerts to other brokers and agencies. Postlisting services are geared toward execution of the personalized marketing plan and assisting the client from purchase and sale contract negotiation to closing, recording and release of proceeds. Brokers follow up on contingency fulfillment and iron out any wrinkles along the way. Prelisting and postlisting services also include feedback and results analysis designed to gauge the effectiveness of your listing.
Hourly real estate buyer services are likewise split into preoffer and postoffer services. Preoffer services assist the buyer with analyzing home listings, validating asking prices and preparing and negotiating the purchase offer. Postoffer services concentrate on post agreement contingency followup, closing, document recording and possession. Brokers will also step in to represent the buyers interests and smooth over any difficulties that may arise between contract and closing. Related articles No commission real estate - A la carte real estate -

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