The old way as a traditional 6% real estate agent.
I spent a total of thirty-eight hours working on a real estate transaction representing one seller.
After those thirty-eight hours, I was at the closing table with my client.
Now, I didn’t work all those hours in one week. It accumulated over 46 days, and I would not receive a dime until closing.
The stack of closing paperwork was signed and delivered. Next, we waited for the buyer’s loan to fund. And then I was handed a check.
$572 per hour
The title company (on behalf of the seller) just cut a check for $21,750 (3% of the sales price). And another 3% of the sales price (paid by the seller) went to the buyer’s agent.
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 It was time to change long-standing routines and an outdated commission-based model.
Do you get what you pay for?
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 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 $44,850. This time, I spent 42.5 hours representing a seller with a property that closed for $1,495,000. That’s $1,055 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 $1,495,000 property have to pay $23,100 more than the seller of the $725,000 property when time and expenses were nearly equal?
Save money on realtor commissions with a flat fee listing service that doesn’t cut corners.
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. The Todd Hower Realty full-service seller representation and marketing fee is an average of expenses plus time calculated using a fair hourly rate.
We deliver a full-service product for a fraction of the price.
$6995 for full-service seller representation and marketing (including the MLS).
We are not your cheap, 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 seller representation and marketing with an experienced real estate broker.
|Sales Price||Traditional 6% Commission Fees||You Save with Todd Hower Realty|
We have a track record of successful sales across all price points and up to six million dollars. Our clients save an average of over $20,600 compared to listing with a traditional 6% real estate agent. Our close price average is $919,988.
84% of the homes listed with Todd Hower Realty have sold in 30 days or less (updated 01/27/2023).
Now, you and I know that talk is cheap. So please read our reviews on Google and put us 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.