Listing Programs

Selling a Home

The prospect of selling a house can appear intimidating and expensive.  Cedar Bay Real Estate can successfully guide you through the listing and sale process at a cost much less than you might think.

Listing Programs

Cedar Bay Real EState offers two cost effective listing programs incorporating the latest internet marketing tools to attract the best buyers, along with a full range of traditional techniques to get your house sold.

Standard Program - 5 Percent Commission

• The total commission is 5 percent of the selling price.
• This commission is split between the listing broker and selling broker with 2.0 percent going to the listing broker and 3.0 percent being offered to the selling broker.
• As an added incentive to the selling broker, the homeowner may choose to offer the selling broker 3.5 percent rather than 3.0 percent.  The total commission is then 5.5 percent of the selling price.

Standard Program - What's Included

• MLS listing with 16 photos...wide angle lens used
• Internet exposure on multiple websites....including other broker sites
• Google search engine optimization
• Email Notification to registered customers
• For Sale Sign
• Lock Box
• Full Color Info Sheets
• Broker Open House
• Public Open Houses
• Post Standard Advertising 
• Home Staging Suggestions
• Follow-Up on showings
• Work with a local agent for qualifying buyers and negotiations
• Coordination of transaction from purchase contract to closing

Premium Program - 5.5 Percent Commission

• The listing broker fee is 2.5 percent of the selling price.
• A 3.0 percent commission is offered to the selling broker.  The total commisiion is then 5.5 percent of the selling price. 
• As an added incentive to the selling broker, the homeowner may choose to offer the selling broker 3.5 percent rather than 3.0 percent.  The total commission is then 6.0 percent of the selling price.

Premium Program - What's Included

All of the features of the Standard Program plus:

• Just Listed Card Mailing
• Virtual Tour.....with link to email tour to seller's contacts.
• Featured Listing status on cedarbayrealestate.com home page

How It Works

As an example, the homeowner chooses the Standard Program and elects to offer 3.0 percent to the selling broker.  The total commission is then 5 percent of the selling price.  The house sells for $200,000.  A commission of $10,000 is due at closing.

The homeowner would have paid a $14,000 commission if the house had been listed at a 7 percent commission level.  In this example, listing with Cedar Bay Real Estate saved the homeowner $4,000.

How You Save Money

To understand how a homeowner can save money with Cedar Bay Real Estate, you need to understand how the real estate commission system works.  Although each transaction is unique, generally speaking, homeowners list their house with an agent working for the listing broker.  A buyer's agent working for the selling broker brings in potential buyers.  If a purchase offer is accepted and the sale closes, the commission is split between the listing broker and the selling broker.  Although commission levels vary, as an example, if the homeowner had agreed to a 7 percent commission, 3.5 percent would go to the listing broker and 3.5 percent would go to the selling broker.  These commissiions are then further split between the brokers and their respective agents.  At Cedar Bay, our business model minimizes the listing broker's portion of the commission and passes the savings along to the homeowner.