Buy or Sell for a Reasonable Flat Fee Instead of a 3% Listing Commission
At WaLaw Realty, we charge a flat fee of $9,995. $500 is paid up front when we’re engaged and the rest is paid at closing if, and only if, you successfully close on the purchase or sale of a home (some transactions incur additional fees, listed below). Our flat fee covers both real estate broker AND attorney legal services.
For buyers we rebate the commission paid by the seller at closing less the balance of our flat fee. For buyer’s using financing, the rebate is first applied to pay some or all of the buyer’s closing costs and if there’s money left over it usually gets taken off of the sales price (we’d love to give cash back to the buyer after closing but most lender’s won’t allow it).
For sellers the savings come in the form of cash straight to the bottom line. Sellers will still offer a commission for buyers’ agents, typically 2.5% or 3% (we never represent both sides so we will never get this).
There is no set limit on the number of offers we will make or review on your behalf but there is a two year time limit to buy or sell in our fee agreements. If that’s not long enough, no problem, you can renew for another two years by paying an additional $500 when the initial two years are up.
Example savings for HOME BUYERS
|Transaction value||Commission at 3%||WaLaw’s Fee||Buyer Rebate|
Example savings for HOME SELLERS
|Transaction value||Typical 3% Listing Commission||WaLaw’s Fee||Seller Savings|
Additional fees and services for Buyers and Sellers
- Homes listed at or above $1,000,000: $3,000
- Each $1,000,000 increment thereafter: $3,000
- Additional tours or broker services beyond our standard services: $75/hour