The new website AgentBoost allows users to find a Realtor who will help you to sell your property for lower commission. In reality this is is nothing new. Many home owners before placing their properties on the market interview several Realtors before making their final decision on whom to use as their agent. The website may potential simplify the process of finding a Realtor. The service is free to use, at least if your are a seller or buyer.
The website says that after you have submitted the property, Realtors will be able to place their bids which include commission percentage that the Realtor is willing to work for. According to the information on the website this commission is often below standard 3%.
In a press release the owner and CEO of the website Chris Cole says:
“This is a great opportunity for home buyers and sellers to get the most bang for their buck. Users fill out a short form with information about their property. Five days later, they are able to look at bids from several different agents in their area. Each bid includes the percentage of the home’s final sale price the agent has agreed to work for. Traditionally, the seller paid a 6% real estate commission: 3% to the selling agent and 3% to the buying agent. With house prices at all time highs, these commissions are really adding up. Our site makes it very easy for someone to find an agent that is willing to work for less. We’re talking about saving thousands of dollars by filling out one simple, no-obligation form.
The website is new and only time will show how successful it will prove to be. But it has a big potential to attract homeowners who would not use a Realtor otherwise.
It is not heard to predict the reaction of well established real estate agencies to a website like this- they will not like it.
Even if this website proves to successful among sellers, buyers agents may simply avoid properties listed for such a low commission.
For more information about this website visit them at http://agentboost.com. Website also has a blog, where you are likely to find even more information about this new service.