Free CMA Tool and analytics no one else has.
Free CMA Tool and analytics no one else has.
Stay ahead in the property market with expert analysis, investment strategies, and the latest trends from ShopProp's real estate professionals.
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Free CMA Tool and analytics no one else has.
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.
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%.
Houston buyers pay $11,250+ in traditional commissions on a $450K home. ShopProp charges $1,995 flat and rebates the rest at closing. Save $7,000 to $40,000.
LA home sellers pay $28,500 in traditional commissions on a $950K home. ShopProp's flat fee is $4,995 -- saving you $23,505. Buyers get rebates up to $78,000.
Your buyer agent earns a percentage of the sale price. Every dollar they negotiate down costs them money. A flat-fee agent has no such conflict — their fee stays the same whether you pay $850,000 or $900,000.