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We're Team Kathy Borys

We’re your Minneapolis – St. Paul – Twin Cities Real Estate Agents who love to laugh, check out the local scenes, and keep you up-to-date on the latest housing market trends in the area.
Whether you’re thinking of buying your first home, relocating to the Twin Cities area, or looking for your “forever home”, we’re here to share our expertise, insights, and of course, some fun, to help you explore all that our metro area has to offer! 

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Thinking of a 1% Commission Offer? Consider This Before Hiring a Discount Real Estate Broker

 

Are you thinking about hiring an agent to sell your house? You might be tempted by the 1% commission offer, thinking it’s a steal. But hold up – that 1% broker can end up costing you way more than you bargained for.

Sure, going for a discount broker seems like a smart move when you’re trying to get the most out of your property. But not every real estate agent is on the same and what they offer in way of service varies greatly. Choosing a discount broker often means compromising on service quality. When an agent is willing to work for a 1% commission, it prompts the question: Why are they so eager for this particular deal? How would they negotiate for you if they are easily giving away their dollars?

It’s worth noting that approximately 20% of realtors handle 80% of real estate transactions. This statistic implies that a significant number of  agents may just “dabble” in the business or have be a side hustle. Selling your biggest asset requires focused marketing, experience and negotiation skills.

To help you in making an informed decision, here are some essential tips. Regardless of market conditions, working with the an experienced professional is crucial.

 

Sales Track Record:

  • When was the last time the agent successfully sold a house?
  • Is the agent consistently active in the real estate market?

List-to-Sales Price Ratio:

  • What is the agent’s list-to-sales price ratio? Are they making inflated promises to sellers that result in repeated price reductions?

Days on Market:

  • How long does it typically take for the agent to sell a house?

Client Feedback:

  • Check the agent’s website and Google client reviews.

 

Bottom line: doing a thorough due diligence is paramount when dealing with selling your home. It’s essential to ensure you’re comparing apples to apples, as not all real estate services are equal. Remember, you generally get what you pay for, and this holds true in the realm of real estate. If you have questions or wish to initiate a conversation, feel free to reach out. Our team would love to talk and show you how we handle the sale of a home. I think you’ll agree that our process is unlike any other.

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