4 years ago

1% Full Service Agent: https://www.hauseit.com/1-percent-full-service/
Save 6% When Selling: https://www.hauseit.com/agent-assisted-fsbo/

So, what's included in the Hauseit 1% Full Service Listing option? We'll demystify this topic in the following video. My name is Chris at Hauseit. Hauseit is the largest assisted For Sale By Owner and Buyer Agent Commission Rebate company in New York City, established in 2014. The 1% for full service listing option is a comprehensive full service listing just like you will receive at any other traditional brokerage firm in the city or across the state. The listing comes with professional photography and a custom 2D floor plan. Both the professional photos and the floor plan will be taken and drawn at the same up to 1 hour appointment at a time and date of your choice.

All showings including private appointments and open houses will be taken care of by one of our partner agents. And speaking of showings, you will have one point person, one lead listing agent throughout the entire process, though of course our teams are rather large and there will always be a person for back up should the appoint person not be available for a showing. We also offer comprehensive industry standard listing syndication to up hundreds of third-party websites. Many of whom you've heard of such as StreetEasy, Zillow, Trulia, Realtor.com, The New York Times, Homes.com and so on.

Your listing will also be co-broked in the relevant MLS for your region or the RLS in New York City. All scheduling, coordination and negotiation with buyers, buyer's agents, co-managing agents will be handled by the partner agent. This also includes scheduling and coordination with the tenant if there is a tenant in place. If it is a condo, coop or condop building with a purchase application, then the listing agent will be able to help out with the buyer's agent or the buyer if is it direct buyer on the purchase application in terms of answering any questions, guiding the buyer through it and perhaps assembly of the board package. Pricing assistance is also included in the 1% for full service listing option.

Usually, our seller customers are very confident of where they wish to listed at and they know the comps in their building and their neighborhood. However, if you are unsure, we can always put together some comps, put together a comparative market analysis and give you an idea of where you should price your home to be the most competitive on market. Keep in mind that the initial listing price is agreed upon by both parties and the reason for that is the listing price must be reasonable and there must be a chance of selling it as obviously we cannot commit resources to market a listing and having agents run around and show a property if it's price is much too high and no one will show up. However, please rest assured that we are very reasonable so if there is a big chance of selling it, we will certainly do our best to try and we are usually quite amenable to the listing price that owner suggest.

Now, that's answers some comment questions that sellers typically ask about the 1% full service listing option.

Is there a limit to the number of open houses that can be held? No, our teams are happy to hold open houses every Sunday as long as folks show up and they are interested buyers. If for some reason property is overpriced and the market has clearly demonstrated such and folks don't show up at open houses, then we certainly should talk as we cannot commit resources to have agents step around for two hours every Sunday at an empty open house.

How does the commission structure work and is commission only paid at closing? Yes, commission is only paid at closing if it closes. The commission structure as you might already know is 1% to the listing broker plus 2.5% or 3% to a buyer's agent. The reason you want to offer something market rate to buyer's agents is because 90% of all buyers are represented by buyer's agent. Even though 3% is more common, 2.5% certainly you can get away with in New York City metro area and keep in mind that commission rates can vary and other parts for example, if you get further away from core New York City like Northern Bronx or Eastern Queens you might see different lower commission structures or norms.

So, to recap, its 1% to the listing broker plus 2.5% to the buyer's agent. If the listing broker found a direct buyer, then the listing broker would waive the listing broker's fee and only keep the buyer agent fee of let's 2.5% or 3%. So, assuming that the co-broke is 2.5% then your total cost for full service is 2.5% or more likely 3.5% versus 6% all in.

NYC Seller Closing Cost Calculator: https://www.hauseit.com/closing-cost-estimator-for-seller-nyc/
Save 6% When Selling: https://www.hauseit.com/agent-assisted-fsbo/
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Hauseit LLC, Licensed Real Estate Broker
Tel: (888) 494-8258 | https://www.hauseit.com
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