The Future Of Home Selling Is Agent-less, Commission-Free
- As of April 2021, there are 1,458,661 members of the National Association of Realtors (NAR Monthly Membership Report)
- In 2020, an estimated $102 billion in commissions was paid by sellers to agents
- In 2020, the median seller-paid commission per transaction was an estimated $18,500
The current standard for selling your house is extremely inefficient. It involves hiring a listing agent, conducting repairs, staging, showings, open houses, inspection-related negotiations, concessions, and one giant game of telephone between multiple intermediaries (seller’s agent, buyer’s agent).
Sellers are the biggest losers in this traditional real estate transaction, often paying well over 10% of the purchase price on transaction-related costs including commissions, repairs, concessions and closing costs.
As sellers embrace technology-enabled home sale platforms, agent-less transactions will become the standard. In the future, real estate transactions will be commission-free.
OfferMarket is a commission-free real estate marketplace and agent-less transaction platform. Transactions on OfferMarket, by default, include the following terms:
- Purchase Price: selected by seller from multiple competitive offers
- Condition: AS IS
- Commissions: none
- Contingencies: none
- Closing Date: selected by seller from multiple competitive offers
Related content: Wholesale Real Estate: The World Of Real Estate You Probably Know Nothing About (But You Should)
