Saving our community thousands, one family at a time
The Most Revolutionary Real Estate Group In Austin, Texas
Saving our community thousands, one family at a time
The Most Revolutionary Real Estate Group In Austin, Texas
The Most Revolutionary Real Estate Group In Austin, Texas
The Most Revolutionary Real Estate Group In Austin, Texas
At List For 1% Real Estate Group, we offer full-service real estate solutions at a fraction of the cost. Unlike traditional brokerages that charge a 3% commission, our fee is only 1%, providing significant savings without compromising service quality.
Lowered Brokerage Commissions
Several factors allow us to offer such competitive rates. One significant element is that our Broker charges our agents substantially lower fees to be a part of the company—around 1/4th of what most other brokerages charge their agents to be more specific. Many brokerages impose annual fees ranging from $30,000 to $40,000 on their agents for the 'privilege' of being associated with their firms. Additionally, some brokerages deduct a percentage from the agent's commission on every transaction, no matter how much revenue the agent generates for the company each year. We do not subject our agents to such practices. This enables our agents to make a comfortable living all while offering our clients savings in the process.
Home Offices
Another contributing factor is the cost savings achieved by not renting a physical office. Our effectiveness remains uncompromised as we work remotely, meeting clients at their homes, in coffee shops, or in restaurants. Thanks to modern technology, we efficiently manage all aspects of selling and helping our clients buy homes from our home offices. Thanks to modern technology, we effectively guide our clients through the home buying and selling process, all from our the convenience of our home offices.
Competitive Advertising Structure
The final contributing factor is our advertising budget, which is significantly lower than our to our competitors. Firms charging a 3% fee, invest considerably more in advertising to acquire their listings. This increased spending is necessary because they do not provide the same value that we do. We have found that offering services at a more competitive price results in a higher response rate, reducing the need for extensive advertising to secure listings. In summary, our unique value proposition allows us to spend much less on acquiring our listings.
List for 1% Real Estate Group is the creation of Austin natives who have been deeply involved in the local real estate market for over 30 years. With a combined record of over 500 real estate transactions in the past five years, we have mastered the art of developing a profitable business model while saving our clients tens of thousands in real estate commissions.
Our journey has led us to refine our approach, eliminating excess and amplifying essentials to achieve the perfect balance. By significantly reducing our operating expenses, we pass on the resulting savings directly to our valued clients. Charging the traditional 3% commission for a process that isn't as labor-intensive as some portray seemed outdated and unnecessary. Thus, we chose a different path.
Our confidence and expertise in the local real estate market drive our mission. Equipped with in-depth knowledge, we implement strategies that ensure the best outcomes for our clients while challenging the status quo.
Our mission is simple - to provide our clients outstanding service and personalized attention. We understand that each client is unique and requires a tailored approach to their real estate needs. Our top priority is to provide exceptional service at an exceptional price, saving our clients thousands in the process.
We often receive inquiries about how we compare to the larger brokerages and what they offer that we don't. The truth is, they don't provide anything that we don't also provide. Many of our agents, including our founders, have spent years working with the more well-known brokerages you may have heard of. While we acknowledge that these companies provide excellent training for newer, less experienced agents, the truth is those companies are not nearly as elite or exclusive as some may believe.
It is known that nearly 75% of real estate agents do not progress beyond their first year, and 87% leave the profession within five years. Larger brokerages, aware of this high turnover, tend to prioritize quantity over quality by hiring any agent who walks through the door, adopting a 'throw everything, and every agent, at the problem and see what sticks' approach.
In contrast, we are proud to say that all our agents have a proven track record of closing significantly more deals than the average agent in the country, year after year. Additionally, we don't charge the high fees that other brokerages impose on their agents, which contributes to our agents staying with us longer and, we hope, being much happier.
This question has intrigued us for years, prompting us to investigate. Before the mid-1990s, real estate agents' daily tasks were quite different from today. Currently, most 'traditional' Realtors spend the vast majority of their time seeking new clients rather than focusing on current transactions. The market is saturated with agents pursuing large paychecks for little work. Closing just one deal at 3% every 3 weeks can generate more income than most small business owners bring in, all with minimal financial risk and minimal education.
Before the mid-1990s, closing over 25 deals annually was nearly impossible due to the absence of the MLS. Agents then dedicated extensive hours either working on selling their listings or finding new homes for their buyer clients. This involved weekly in-person meetings at various brokerages to stay up to date on new listings hitting the market, spending hours on the phone contacting colleagues and exchanging information, and even going door-to-door in order to ask if homeowners were interested in selling their homes to the agent's client. They were also occasionally required to invest large amounts of money to advertise their listings in newspapers, magazines and other advertising platforms. It was not unusual for an agent to devote more than 120 hours of their time to a single transaction. These demands and costs justified the standard 3% commission in our opinion.
The advent of the MLS revolutionized the industry by eliminating much of the legwork and expenses, which shifted most agents' focus and time to client acquisition. Agents are no longer spending 120+ hours on a single transaction but moat still require a 3% commission. In essence, agents were willing to reduce the amount of hours worked and funds spent per transaction, but they were unwilling to accept a decrease in compensation per transaction. This is why some agents today make tens of thousands a month, working less than many of their clients while earning significantly more annually. We believe that it is unjust for agents to earn $300,000-$400,000 or more annually when many of the families they assist make only a fraction of that amount.
While postcards do have a chance of selling your home, the probability is exceptionally low, and they instead primarily benefit the listing agent. This tactic is part of a broader real estate marketing strategy known as "farming a market," which involves sending out flyers or postcards (e.g., Coming Soon, Just Listed, Just Sold) to nearby homes. The goal is to create the impression that the agent is the "neighborhood expert", thereby attracting more business. However, a truly skilled and knowledgeable agent should be proficient in multiple markets and neighborhoods, informed by thorough research and recent transaction data. The key to accurately assessing a home's value lies in examining recent sales and current listings in the area, not merely having sold a few houses in a specific neighborhood over the past year. By avoiding costly and frequent mailing campaigns, we keep our expenses low, allowing us to offer more affordable services to our clients.
Real estate brokerages often advertise having "exclusive off-market buyers willing to pay top dollar for your home". This proposition is appealing as it promises a hassle-free sale without the inconvenience of home tours as well as some of the other tasks associated with the listing of your home. However, this strategy is not the most effective way to achieve the highest sales price for your home. Instead, it primarily benefits the listing agent through a practice known as "double-siding a transaction". The listing agent will get a referral fee, up to 50%, and essentially takes out two birds with one stone. They help a friend who will hopefully return the favor in the future and receive an extra-large paycheck from a single transaction.
Another issue with off-market buyers is that your home never reaches the open market, limiting the number of potential buyers who can bid based on their valuation of the property. Consider this analogy: if you were selling a car, would you prefer to offer it to a single potential buyer or to thousands? Broader exposure increases the potential sales price. You will achieve the highest profit by marketing your home to as many buyers as possible.
While listing your home on the MLS may involve more effort, it ensures the widest audience and the best possible sale price. Therefore, we will never encourage you to sell your home to an off-market buyer, as it does not align with your best interests.
Selling a home without a real estate agent, known as "For Sale By Owner" (FSBO), can pose significant risks and financial drawbacks. A 2023 Collateral Analytics study found FSBO sales often achieve an 8% lower prices than agent-assisted sales due to a lack of market knowledge, negotiation skills, and marketing resources. Mispricing is common, and handling complex paperwork and legal requirements independently can lead to mistakes and legal disputes.
FSBO sellers sometimes struggle with staging and marketing, resulting in longer listing periods and reduced buyer interest. FSBO homes also miss out on the Multiple Listing Service (MLS), which boosts visibility and sale prices. In the Austin area, the MLS helped over 41,000 homeowners find their homes last year, while FSBO websites attract significantly fewer buyers. The more prospective buyers that view a property, the higher the property will sell for on average.
Managing showings, negotiations, and legal paperwork without professional guidance can be overwhelming. Real estate agents offer valuable expertise, from advising on repairs to handling inspections and negotiations. Although avoiding agent fees might seem like a saving, the long-term financial and practical implications make FSBO a risky and often less profitable option. Many homeowners discover that a real estate agent's expertise ensures a smoother, more rewarding selling experience while minimizing the risk of lawsuits and failed transactions.
- Complete management of all aspects from initiation to closing.
- Realtors with a fiduciary duty to prioritize your interests above their own.
- Inclusion of professional photography.
- Enhanced security with Bluetooth-enabled lockboxes for all listings.
- Extensive online marketing across platforms like Realtor.com, Zillow, Trulia, and Redfin.
- Dedicated in-house social media marketing expert.
- Expert contract negotiation services.
- Listings placed and managed in the local MLS.
- Broad network of industry professionals, including lenders, inspectors, and contractors.
- Options for multi-MLS placement to ensure maximum exposure.
- Secure electronic document transfer with legally binding e-signatures.
- Transparent pricing with no hidden fees.
There's no reason you should pay Realtors thousands more than you need to.
Save big and list with us!
(512) 543-1282
List for 1% Real Estate Group
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