Understanding estate agent commissions holds immense importance when contemplating selling your home.
Despite common belief, higher commissions don’t automatically guarantee an agent’s increased motivation to secure a better selling price.
For example, if a house sells for €300,000 with an agent’s commission set at 1.75 percent, amounting to €5,250, and then the selling price increases to €320,000, the agent’s commission rises by €350. While this increase might not significantly motivate the agent to strive for a higher selling price, Midlands Real Estate’s fee structure ensures a stronger alignment with maximising your property’s value.
At Midlands Real Estate, we understand this misconception about commission rates.
That’s why
That’s why we offer a unique approach — ‘Performance based fees’ directly linked to the sale price. This means, upon request, the fee structure could be tiered, increasing as the sale price surpasses certain milestones outlined by the seller. For example, the fee might be 1% for the first €500,000 and then increase to 1.5% for any amount over that. This strategy aligns our objectives with maximising the value of your property.
Our fee structure not only redefines the traditional commission model but also delivers substantial benefits for our vendors:
Aligned Objectives: Our earnings are closely tied to achieving the best sale price, ensuring our focus remains on maximising your property’s value.
Client-Centric Approach: Choosing our performance-based fees signifies our unwavering commitment to your satisfaction throughout the sales process.
Motivated Expertise: With our fee structure, our drive lies in achieving the highest possible sale price for your property. This approach not only aligns our interests with yours but also motivates our team to utilise their expertise, experience, and resources to diligently market your property and negotiate in your best interest.
Tailored Support: Opting for our performance-based fees signifies more than just a financial arrangement; it reflects our commitment to providing personalised support. We endeavour to tailor our services to suit your specific needs, offering dedicated assistance and guidance throughout the selling process.
Risk Mitigation: To add to our transparency, in many cases we offer a “no sale, no charge” policy. This means you are protected from financial risk if your property doesn’t sell or if circumstances change. This provides you with peace of mind, knowing that you won’t incur any agent charges if the sale doesn’t proceed as anticipated.
Midlands Real Estate is devoted to meeting our clients’ expectations and needs with fairness.
Understanding the difference between commission rates and an agent’s determination to achieve the best price is essential.
At Midlands Real Estate, we acknowledge this and have a fee system that demonstrates our commitment to boosting your property’s value.
If you’re considering selling, contact Midlands Real Estate today.
