The Old Way
I spent thirty-eight hours working on a real estate transaction representing one seller.
After 38 hours, I was at the closing table with my client.
Now, I didn’t work all those hours in one week. It was time accumulated over 46 days, and I would not receive a dime until after closing.
The stack of closing paperwork was signed and delivered. Next, we waited for the lender to confirm the loan was funded. And then I was handed a check.
Unbelievable.
The title company (on behalf of the seller) just cut a check for $21,750.
I did the math. That’s $572 per hour for selling a $725,000 home.
And then it hit me. It was time to change long-standing routines and an outdated commission-based model.
An innovative approach to sell real estate for a flat fee.
I’ve been at this closing table before. Over the years, I’ve been here hundreds of times. But the past three years have brought significant changes to how real estate gets done.
A successful, experienced listing agent with systems in place will continually track expenses and the amount of time spent working to sell homes. I’ll share this — the hours never vary by much. And the marketing plan and expenses? Well, those are about the same too.
At my next closing, the paycheck I received for my work was $10,410. This time, I spent 36.5 hours representing a seller with a property that closed for $347,000. That’s $285 per hour.
A high-level executive making $400,000 per year is paid approximately $200 per hour.
Is the time and effort of a real estate agent worth $300, $400, or more than $500 per hour?
More importantly … why did the seller of the $725,000 property have to pay $11,340 more than the seller of the $347,000 property when time and expenses were nearly equal?
Get full-service seller representation & marketing for a flat fee.
As of this moment, Todd Hower Realty has one of the best ways for you to sell your home and keep more of your hard-earned equity.
A lower overhead business model and employing technology have allowed us to become more efficient and generate cost savings that we pass on to clients.
We’re independent and based in Austin, not a national franchise. This means that we are more adaptable to local market conditions and can make quicker, more informed judgments about every transaction.
We are not your lowest cost, high volume/flat fee real estate broker or your high dollar commission-based listing agent. Instead, you can consider Todd Hower Realty the best choice to save you money without sacrificing full service.
Why a flat fee of $5497?
The Todd Hower Realty flat fee of $5497 is an average of expenses plus time calculated using a fair hourly rate.
89% of the homes listed with Todd Hower Realty in the past year sold in 14 days or less (updated 07/28/2021).
Now, you and I know that talk is cheap. So please read our reviews on Google and put them to the test. Not only will Todd Hower Realty sell your home — with full service, a proven marketing strategy, and solid results — you’ll leave the closing table with more of your hard-earned equity in your pocket. And that’s where it should be.