PHIL MILLS

Full Service REALTOR®

Flat Fee Expert

Frequently Asked questions

FAQ

Do I have to pay a buyers agent?

In most cases, yes. While you save on the seller's agent commission, it's customary to offer a competitive commission to the buyer's agent to ensure your property gets maximum exposure to potential buyers. Drawing from my extensive experience and experimentation, I've seen that different buyer's agent commission amounts can significantly impact showings, purchase offers, negotiations, and, ultimately, the final sale price.

The specific amount to offer a buyer's agent is always negotiable and can depend on your property's price point, local market conditions, and your unique selling goals. Typically, in the current market, for homes under $1 million, the range is 2% to 3%, while for homes over $1 million, it falls within 2% to 2.5%. The decision to offer compensation to a buyer's agent is entirely yours. I'm here to share my experience, aligning it with your goals, to help you make an informed decision for your particular situation.

Additionally, market and industry conditions are always changing. Commissions are always negotiable. You may have read about the recent class action lawsuits against the NAR and several large brokerages. I always stay current and up to date on the industry to provide you with the resources to make your most informed decisions. If something changes to benefit you as a seller I will be the first to share it with you.

I'm more than happy to discuss your specific situation either over the phone or in person, ensuring the best approach for your satisfaction and financial well-being. Your priorities are my priorities, and I'm dedicated to tailoring your selling experience to meet your unique needs.

What does the Flat Fee Listing Include?

Full service listing agent representation

Comprehensive in home consultation with tips on preparing your home for sale

Comparable market analysis of your property

Yard sign & secure SUPRA electronic lock box on the property

Professional HD photography

Zillow 3D Tour & interactive floorplan

Multiple Listing Service marketing

Optimized marketing to Zillow, Redfin, Realtor.com, Trulia and hundreds of other sites

Custom personal property website & digital brochure

Social Media marketing

Handel all property inquiries

Coordinate all showings, offers, negotiations and paperwork

No upfront fees or cancellation fees, you pay only our flat fee at closing

Coordinate closing with title & escrow

Smart Exit guarantee

What is typically discussed in a free consultation?

In our consultations, we delve into a comprehensive discussion tailored to your unique needs and goals. We typically cover essential topics such as:

1. Property Assessment: Understanding the specifics of your property, its features, and its unique selling points.

2. Pricing Strategy: Developing an effective pricing strategy based on market conditions, comparable sales, and your financial objectives.

3. Marketing Plan: Outlining our advanced marketing approach, which includes professional HD photography, technology for MLS and online platforms, and my client-first communication strategy.

4. Flat Fee Structure: Explaining our transparent flat fee structure and how it maximizes your savings compared to traditional real estate models.

5. Negotiation and Closing Process: Detailing how we handle negotiations, offers, disclosures, and coordinate with title and escrow for a seamless closing process.

6. Buyer's Agent Commission: Discussing the buyer's agent commission and its impact on showings, offers, and negotiations.

7. Tailored Solutions: Addressing any specific concerns or preferences you have to ensure our approach aligns perfectly with your selling goals.

Consultations are designed to be collaborative, informative, and focused on crafting a personalized strategy that optimizes your home-selling experience.

Are there any upfront fees?

There are no upfront fees. No cancellation fees. We will collect the listing flat fee from the net proceeds upon a successful closing.

Is This a discount listing service?

Absolutely not. Discount listing services often limit their offerings to putting your home on the MLS and leaving you to handle the rest.

In contrast, we are a comprehensive full-service real estate company. Providing you with unparalleled value and a complete suite of services for a fraction of the cost.

Do you hold open houses?

Absolutely! While we do conduct open houses, our approach is grounded in practicality and transparency. I've found that the majority of our sellers successfully complete their home sales without relying on open houses. In my experience, open houses often serve as a lead generation tool for agents, providing minimal true value to your home sale.

That being said, I understand the appeal of open houses and their potential for exposure. We embrace the opportunity as real estate agents to connect with potential buyers and generate leads. Unlike some, I'm upfront about the dual nature of open houses, acknowledging their benefits for real estate professionals while ensuring our sellers make informed decisions about their home-selling strategy.

What is the Smart Exit Guarantee?

I understand the importance of confidence in your decision to sell your home. That's why we've introduced the Smart Exit Guarantee, a unique listing contract clause designed for transparency and your peace of mind.

My listing contract features an easy exit clause, ensuring that I continuously earn your business every day. If, at any point, you feel dissatisfied with my efforts to sell your home, you can inform me, and I'll promptly release you from the listing. (provided you haven't accepted a signed offer, then you will be subject to the terms of the contract with the buyer.)

Your confidence in me is greatly appreciated, and my guarantee is a testament to my dedication to your satisfaction throughout the home-selling journey.

Am I obligated to accept an offer and sell my home?

Absolutely not! As a home seller, you retain full control over the decision to accept an offer and proceed with the sale of your home. There is no obligation whatsoever to accept any offer that comes your way. The power to accept, counter, or reject an offer lies entirely within your discretion, affording you the flexibility to assess each proposal based on your unique priorities, financial objectives, and overall satisfaction. Our role is to provide unwavering support, valuable guidance, and insightful perspectives to facilitate your decision-making process. While we offer assistance, the ultimate choice of whether to accept an offer is firmly in your hands. It's crucial to prioritize your comfort and confidence in the presented terms before moving forward with the sale of your home, ensuring a transaction that aligns seamlessly with your vision and satisfaction.

How much money can I save with a Flat Fee real estate listing?

The amount you save depends on the sale price of your property. With a flat fee listing, you can potentially save thousands of dollars compared to traditional commission-based models. Be sure to use the savings calculator on our home page. The average seller in AZ saves over $12,000!!!