For our selling clients, we charge 2.4% for our services, payable at closing, but we cap that at $12,000. For example, if you are selling a house for $820,000, the charge for our services would stop at $12,000 even though 2.4% of $820,000 is actually $19,680. In that example you’d save $7,680 by using us. You might be wondering why we do that. Well, the fixed costs and variable costs of selling a home are such that real estate agents don’t work that many more hours for listing and selling a higher-priced home. (At our firm, we’re here to make a living, not a killing; we’re not here to penalize you because you have a really nice house.)
When you list a home with a real estate firm in North Carolina, you also need to offer compensation to the real estate firm of the agent who brings a buyer. That commission amount varies a little in different areas of the Triangle. We can let you know that amount once we know where the property is located. By the way, if we get buyers without an agent, then our charge to you is only the listing fee (2.4%, up to $12,000, as noted above). We do not accept compensation from sellers for two sides of the same transaction.
The way it works in North Carolina, buyers do not pay for the services of an agent (in this state, sellers do that, as noted, above). In fact, for our buying clients, we can provide you with $500 at closing. This is our contribution as partners with you in this experience. We provide that money at closing to help pay for your having had a home inspected. We document this in a letter to your lender to make sure that the lender approves of this based on the kind of loan product that you’re receiving from your lender. The closing attorney will likewise document that $500 for you on the final paperwork at closing.
Special Pricing for Real Estate Professionals
For a seller who is also a licensed North Carolina attorney, real estate agent, appraiser, home inspector, or mortgage loan originator, we offer limited-service listings for a flat fee of $750. You might be wondering if we extend that professional courtesy to sellers who have a license in another state or who work in other fields, and the answer is that we’ve tried that before, and we are really confident that you need to be licensed in North Carolina in one of those five areas to benefit from a $750 flat-fee listing. (But, of course, we still think it’s cool and all that you’re a professionally-certified carver of wooden ducks.)