Should you hire a full service brokerage or a discount brokerage? What's the difference?
There is a misconception of the value a Realtor and their brokerage provide. Many think Realtors get paid too much. The average Realtor, according to NAR (National Association of Realtors) makes only $36k per year! There are a lot of costs in doing business. In fact, 93% of people that become Realtors, have to drop out within 2 years; largely because of the expense of doing business.
Some of those that do not find substantial success in real estate may go to work for a discount brokerage. There, they no longer get paid a commission, rather they get paid a salary and work 9-5. When you call in, you may or may not get someone of knowledge that can provide you the right direction/advise. You know, it's like calling in to 1-800-anybody. These agents have no skin in the game. They don't care if you give them a referal, you are just a number to them. You may have to explain your problem to many agents on up the chain, and come 5pm - - well you'll just have to call back. Hopefully not after your contract deadline expired!
I have worked with discount brokerages in the past, and frankly I cringe when I have to, because I usually have to do their job too. Why do I do it? Because I am fudicially responsible for my clients and I want what's best for them! If they want to buy that house or they want to sell their house to a discount brokerage buyer, I'll do whatever it takes to get the job done! I do their job (at times) because I want to make sure my clients are best protected.
After all, this is my client's biggest financial decision of their lives and I do not take that lightly! My clients are my clients for life! I expect them to love the process and final result so much, that they refer me to their friends and relatives.
I can tell you stories of overlooked and under contracted events throughout a transaction. I can show you sellers that have used a discount brokerage to save money and end up underpricing their home and paying excessive repair discounts - all for the convenience of not showing their home! I think I could put up with a slight inconvenience for the $30k left at the table.
You can always get some coffee at the gas station and hope it will be ok to drink - - - or you can go to Starbucks and get the BEST coffee possible. Make sure you trust the Realtor representing you. I AM THAT REALTOR FOR YOU!
You owe it to yourself to at least compare the costs. Give us a call and see how we treat you the RIGHT way while protecting your interests .