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How does your 1% fee work?
There are three main costs when selling a house. Paying the listing agent, paying the buyer’s agent and your attorney fee. We save you money on the listing side of the transaction by charging 1% fee instead of a typical commission of 2.5% - 3% of the price of a home. Home sellers will still be responsible for paying the buyer’s agent commission (broker co-op) at market rate.
When do I pay the 1% fee?
Our 1% fee begins with a *$400 non-refundable deposit paid at the time you sign a listing contract with us. It is used to pay for the marketing of your property. This deposit is part of the 1% fee and is deducted at closing, so you’ll only owe the remaining balance. The 1% ONLY covers the listing agent’s commission. You will still be responsible for paying the buyer’s agent commission at market rate. (broker co-op)
What is a broker’s co-op?
The broker’s co-op is the split in commission between a buyer’s agent and a listing agent. Traditionally the broker’s co-op was split at about 3% to the listing agent, and 3% to the buyer’s agent. At Diorio Intl. Realty, we replace the listing agent commission with a 1% fee, but the seller is still responsible for the buyer’s agent commission at market rate.
What is the attorney fee?
The attorney fee is paid to the attorney of your choosing to "close" your transaction. These fees not only include the attorney but closing costs as well. Closing costs vary. Consult your attorney for the fee they charge and an estimate of what your closing costs may be. If you do not have a real estate attorney, we can provide the names of three attorneys that we have experience with.
Do other Realtors avoid Diorio International Realty?
No, they do not. To a buyer’s agent, Diorio Intl. Realty is no different than other brokerages. This is because the home seller determines what to offer the buyer’s agent as payment. At Diorio Intl. Realty we recommend home sellers set the buyer’s agent’s commission to be comparable to the market rate. This ensures that the buyer’s agent will be properly motivated to take his/her clients to view the listed property.
How can you only charge a 1% fee and still make money?
Diorio Intl. Realty is profitable because it has created a repeatable process, with defined roles that consistently generate business and keep agents selling. We create efficiency by incorporating technology into a team approach. Our field agents meet with clients and are supported by in-house agents who focus on customer service and processing the transactions. The result is a higher volume and, with lower overhead than that of a traditional brokerage allows us to pass the savings back to the client.
How do you market your listings?
Marketing properties is where we shine! All of our listings are marketed on the MLS, which is syndicated to hundreds of national websites, including DiorioInternationalRealty.com, Zillow, Trulia, Realtor.com, Homesnap.com, and Homes.com. This ensures the highest visibility for listings. According to the National Association of Realtors, over 92% of homebuyers search for their home online. In addition we market homes through online and offline channels, driving home buyers to view your property. Lastly, we place a yard sign. Neighbors and people driving by often know someone who wants to live in your neighborhood. These methods make up over 99% of all home sales in the US.
How long has Diorio International Realty been in business?
Diorio Intl. Realty has been selling houses since 2009 and has been growing quickly ever since. Diorio Intl. Realty is the first company to successfully systemize the 1% fee, full service hybrid model in Connecticut.
What makes Diorio International Realty different?
Diorio Intl. Realty is different for a few reasons. We are the first company to operate a 1% hybrid brokerage in Connecticut. But our biggest differentiator is that we are a full service brokerage. You’ll receive all the same services that you would with a traditional agent, but you only pay a 1% fee. We strive for the highest client satisfaction ratings, while providing the smoothest and least stressful transaction. This is how we’re changing the way real estate is sold!
What don’t we get with Diorio International Realty?
We typically do not hold open houses on our listings. Due to internet technology, open houses are a thing of the past. The same can be said for printed flyers, so we do not usually print them for your listings. We’ve found that both open houses and flyers tend to only draw the attention of curious neighbors and people who aren’t serious buyers. Other than these two items, Diorio Intl. Realty does everything you would expect from a full service brokerage.
Is Diorio International Realty really full service and what does that entail?
Yes, we are full service. At Diorio Intl. Realty, full service means we have a fiduciary duty to our clients to carry out the highest level of representation throughout the entire real estate transaction process. We’ll list your home on the local MLS, which publishes the listing to hundreds of other national websites like DiorioInternationalRealty.com, Realtor.com, Zillow, Trulia, Homesnap and Homes.com. In addition we market homes through online and offline channels, driving home buyers to view your property. You’ll also receive an in-home consultation, comparative market analysis (CMA) of your home, yard sign, showing service, lock box for showings, home staging advice and contract negotiations. Diorio Intl.Realty will be with you from start to finish to ensure that your property gets sold.
*Deposit of $700 for homes over 3 Million.
© 2017 Consolidated Multiple Listing Service, Inc. All rights reserved. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program of the Consolidated Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than are marked with the BR Logo and detailed information about them includes the name of the listing brokers. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Information last updated on 2017-06-28.