Updated: Jul 13, 2020
The other day I met a potential client at her multi-million dollar home in Arlington. It was a beautiful home for sure, a little dated maybe and decorated in a style that resembles an ambassador's mansion and the modern, slick lair of millennials. We discussed Amazon HQ2 and the rising home prices in the area. She was certain that her home would sell for $1.8 million in the near future but we agreed that currently a market may only support $1.3 million.
Soon thereafter she popped the almost obligatory question: What is your commission? NONE.
Understandably a 6% commission on $1.3 million is a lot of money, $78.000 to be precise. Typically the commission would be split between the buyer's and the seller's agent and often the broker get's another cut. However, sometimes the seller is not in a position to afford paying a commission. The home may not appraise for what the seller owes on the mortgage or the owner may need to sell and close quickly because of a new job assignment.
Whatever the reasons are for selling your home, you can save a lot of money by selling it directly to a developer like REALTY, PhD. We can cut out the middle man.
We, at REALTY PhD, a real estate development company in the Washington, DC and northern Virginia area, buy homes even if their conditions are not quite what a regular buyer is looking for. We don't charge any realtor fees which means you will end up with more money than listing it with a real estate agent. In addition, we can close quickly and you can focus on your life sooner.
Give us a call or send us an email. We look forward in working with you.