FREQUENTLY ASKED
QUESTIONS
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BUYERS
How do I earn Commission?
Buyers earn commission by searching and finding the
home they want to purchase on their own. Door In Real Estate
assists with offers, negotiations, contracts and all the necessary
paperwork to buy the home. At closing, we give you the entire
commission that we're entitled to from the listing broker.
How do real estate commissions work?
When a seller chooses to sell their property with a
real estate agent, they pay a commission to that real estate agent
as a fee for service. This commission is typically a
percentage of the sale price. Then, that real estate agent
will typically offer half of this commission to any other agent who
brings a buyer. Traditionally, Sellers have paid 6% commission
and will therefore offer 3% to any agent who brings a buyer.
How can I profit from using your services?
By identifying the property you want to purchase on
your own, you significantly reduce the amount of work we would
traditionally have to do. Therefore, we give you any
commission we're entitled to. After all, you've earned it!
Where does the commission come from?
The commission comes from the Seller's agent, who has
agreed to pay us if we represent the Buyer. Because you find
the home on your own, we feel you've earned the commission and will
therefore give it to you at closing.
How do you differ from a traditional
Brokerage for Buyers?
While a traditional Brokerage chooses to show homes
to its customers, Door In Real Estate does not. We feel that
buyers know what they want better than any real estate agent.
By using the internet, buyers can search and find homes that meet
their specific criteria without limitation. Furthermore, we strive
to modernize the way real estate transactions take place. All
of our documents are handled electronically, keeping them accessible
and legible.
Why don't you show homes?
Door In Real Estate's flat fee is among the lowest in
the industry. Because showing homes can be time consuming and
costly, not doing so allows us to provide exceptional services at a
low cost to you. Plus, our experience has
proven that buyers are very resourceful in viewing homes on their
own when they have the potential to make thousands of dollars.
How do I get into a home I want to see?
The best way to get into a home you want to see is
through us. Once you hire us, we will provide you with all the
necessary contact information to set appointments and view homes.
We will also give you a business card which you must print out and
provide to any real estate agent you view homes with. This
will protect your rights to the commission you will earn at closing.
Should you wish to view homes without our assistance,
call
the phone number associated with each listing and set
showing appointments only
with the listing agent of each particular property.
Remember, to protect
your rights to the large commission you will earn at
closing:
-
Only view homes with the listing agent of each
property.
-
Before viewing
any home, inform that
listing agent that you intend to use Door In Real Estate to
purchase the property.
-
NEVER
VIEW HOMES WITH A 3RD PARTY REAL ESTATE AGENT. (An
agent other than the listing agent)
How much do you charge?
Depending on the service you choose, our fee is
either $2,500 or $ 4,000, regardless of the homes final sale
price. Click here for a
description of our services.
When do I pay?
You only pay when you successfully close on the
purchase of any home in the State of Florida.
What's the difference between using your
services and using a real estate license to earn a commission?
When you use our services, you only pay $2,500.
When you use a real
estate license to earn a commission, you must give a portion of your
commission (usually half) to your respective broker. Your 3%
can quickly become 1.5%.
Example: On a $500,000 home offering 3%
commission, you make $12,500 using our services, and only $7,500
using a real estate license with a broker who splits the
commission with you 50/50. In this example, you make $5,000
more with Door In Real Estate!
Furthermore, using our services only entitles you to
earn a commission on your sale or purchase. You cannot earn a
commission for helping someone else buy or sell a home without
having a real estate license.
Do you handle multi-family residential and commercial property?
Yes. Because of their sophisticated nature, Door In Real Estate has developed a
special program for these
types of deals. Please
contact
us for more information.
SELLERS
How do you save me money?
Instead of charging 5 or 6%, we only charge you
$2,500. However, paying less is worthless if you get less for
your home. Therefore, you'll also include all other real estate
agents by offering a 3% commission to bring a buyer. This way,
you'll pay less and have the best chance of getting the best price
for your home.
How does it work if Door In Real Estate
brings a buyer?
If Door In Real Estate brings the buyer, we will give
that buyer the 3% you are offering. This is a wonderful
incentive to buy your home.
How does it work if another Agency brings a
buyer?
If another agency brings the buyer, Door In Real
Estate will work with that agency courteously and professionally.
At closing, that agency will earn the 3% you are offering.
How does it work if I find the buyer on my
own?
If you find the buyer on your own, we will notify
that buyer of the 3% being offered to them. If that buyer
chooses to hire us, we will work with that buyer in the same way we
work with all buyers, and they will get the 3% commission. If
that buyer chooses not to work with us or any other broker, we will give you back the 3%
commission, less the buyer's fee.
Why don't you show my home for me?
Door In Real Estate's flat fee is among the lowest in
the industry. Because showing any home can be time consuming
and costly, not doing so allows us to provide exceptional services
at a low cost to you. By showing the
home on your own, you save thousands as compared to traditional
brokerage services.
Will you put my
home on the MLS?
Yes. In addition to the MLS, you will also be put on IDX, a
wonderful system that allows regular internet users to view your
listing.
Can you put a lock box on my home?
In certain areas, yes. Please contact us to
find out where we can put a lock box on your home.
How do you differ from a traditional
Brokerage for Sellers?
While a traditional Brokerage chooses to show homes
to its customers, Door In Real Estate does not. Door In Real
Estate offers world class real estate advice so seller's can easily showcase their home for a
successful sale. Furthermore, we strive to modernize the way real
estate transactions take place. All of our documents are
handled electronically, keeping them accessible and legible.
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