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Free CMA Tool and analytics no one else has.
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Private Listings Are a Detriment to the Market — and, in My Opinion, Selling Them as a General Strategy Is a Breach of Fiduciary Duty Before founding ShopProp, I built a financial firm that was later acquired. After more than 20 years in the financial markets and 18 years as a managing broker, my view is simple: Open markets protect consumers. Closed systems protect insiders.
There are multiple news organizations regurgitating the same clickbait headline that "Bay Area housing is in a bubble". We are going to explore in this article why that isn't true and why we aren't likely to see a crash of prices comparable to 2007 anytime soon.
The faster you close on a home, the more a percentage-based agent overcharges you per hour of work. A flat-fee buyer agent rewards decisiveness — keeping $25,005 or more in your pocket at closing.
Your listing agent recommended a price reduction. You lost $150,000 in equity. They lost $3,750 in commission. The percentage fee model punishes sellers who need to adjust — flat-fee listing eliminates that trap entirely.
Washington buyers can legally receive a rebate on their agent commission at closing. With ShopProp flat-fee representation starting at $1,995, buyers in Seattle, Bellevue, and Tacoma are keeping $15,000 to $67,000 or more.
Second-home buyers do less hand-holding but pay the same percentage fee. On a $2M vacation property, that is $50,000 vs a $7,995 flat fee. Here is why the math never makes sense.
Condos and townhouses are the affordable entry point into homeownership. So why do condo buyers pay the same percentage agent fee as someone buying a $3M single-family home? The math shows flat-fee buyers keep $8,005 to $32,505 more at closing.
Metro Detroit buyers pay $8,750+ in commissions on a $350K home. ShopProp charges $1,995 flat and rebates the rest. Michigan sellers list for $4,995 instead of 3%.