List for 1% Real Estate Group was founded by Austin natives with over 30 years of experience in the local market. Having completed more than 500 transactions in the past five years, the team has developed a streamlined business model that reduces costs and eliminates unnecessary expenses, allowing them to offer a more client-focused approach over the traditional 3% commission fee.
With deep expertise in the local market, List for 1% Real Estate Group is committed to delivering the best outcomes for clients while challenging outdated real estate practices. Their innovative strategy reflects a dedication to providing top-tier service at a fraction of the usual cost, ensuring clients receive exceptional value.
We are aware that our marketing material and website primarily focus on listings, this is due to the fact that most of our home sellers also become our home buyers. As a result, there is less need for buyer-specific marketing. However, we are always delighted to assist first-time homebuyers in their exciting journey to homeownership. Whether you are selling, buying, investing, or renting, we are committed to supporting you in all your real estate endeavors.
We are the competition that threatens other agents' easy $10,000+ paychecks. Larger brokerages train their agents to counter requests for discounted commissions with phrases like: "Discounted rate means discounted service", "I don't work for a discounted paycheck, would you?" and "You get what you pay for". Expect to hear negative rumors about us—they aim to maintain the traditional high commission system, where a commission on a single sale often exceeds two months of a typical client's income.
If another agent offers a 1% commission from the start, they may be a good fit. We just ask for a chance to meet and explain our services. However, if they only drop to 1% after you mention us, we would recommend you reconsider. Would you trust someone who drops a $90k car to $30k just because you found it for 30k elsewhere? Do they really have your best interests in mind? Will they work as hard to sell your home as they do their others’ that are paying them 3%? With us, you don't have to worry—we're committed to our 1% model from the start.
Many of our agents, including our founders, have extensive experience working with and for the more well-known firms. While larger brokerages prioritize quantity over quality due to high agent turnover, we ensure all our agents have a proven track record of closing significantly more deals than the average agent. Additionally, we don't charge high fees, contributing to our agents' long-term satisfaction and success.
Before the mid-1990s, real estate agents spent extensive hours selling listings or finding homes for clients without the MLS. They met weekly with brokers, made numerous phone calls, went door-to-door, and invested heavily in advertising, often dedicating over 120 hours per transaction. This effort justified the 3% commission. With the advent of the MLS, agents' work shifted primarily to acquiring new clients, reducing the time spent on individual transactions but still earning the same commission. In summary, agents work less hours per transaction but still demand the same payment as before.
The success rate of mailouts is low and mainly benefits the listing agent. This method, known as "farming a market", involves sending flyers or postcards (e.g., Coming Soon, Just Listed, Just Sold) to nearby homes to establish the agent as the "neighborhood expert" in order to attract more business. The truth is, any experienced agent should be able to estimate a home's value based on recently sold properties, current market competition, and overall market trends. By avoiding costly mail campaigns, we keep expenses low and offer more affordable services to our clients.
Real estate brokerages often claim to have "exclusive off-market buyers" for a hassle-free sale. However, this benefits the listing agent more than the seller, as they earn a higher commission by "double-siding" the transaction. Off-market sales limit buyer exposure and potential bids, much like offering a car for sale to just one buyer instead of many. Listing your home on the MLS, though more effort, reaches a wider audience and ensures the best sale price. We always recommend marketing your home widely for the highest profit.
We would love to hear so! Please reach out to us below and let us know how we can be of service!
There's no reason you should pay Realtors thousands more than you need to. Save big and list with us!
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