In a typical real estate transaction, both the seller and buyer hire agents to represent them. The agents are paid a commission from the proceeds of the sale - i.e. the commissions come out of the buyer's money to the seller. Suum's expert lawyers partner with local counsel to abrogate the need for a real estate agent; delivering better service and significant savings.
In a typical real estate transaction, a seller may agree to hire a real estate agent to sell their home for a 5% commission. Upon sale, that commission is then divided, with selling agent and their broker retaining a portion, and the remaining portion offered to the buyer's agent. This also creates a perverse incentive where the buyer's agent is rewarded for encouraging their buyer to pay more for a property - after all, the higher the sales price, the bigger their commission.
Suum's attorneys can facilitate your transaction in such a way that you can make a lower offer that is actually more profitable to the seller than a higher offer made through a real estate agent.
Compare a real estate agent's offer to an offer made through Suum:
Real estate agent offer: $500,000.
-Total commission: $25,000 ($12,500 to selling agent/brokerage; $12,500 to buyers' agent).
-Sellers post-commission proceeds: $475,000.
-Buyers total price + agent cost: $500,000.
Suum offer: $490,000.
-Total commission: $12,500 to selling agent/brokerage.
-Sellers post commission proceeds: $477,500
-Buyers total price + representation cost: $492,249 ($490k + $2749 Suum DIY Package)
By making an offer through Suum, the buyer saves $7,251 on their purchase, while the seller nets an additional $2,500 in cash proceeds to their pocket.
Confidently forge ahead with the support and resources you need to make your real estate goals reality. That's what we call win-win.
Schedule a free consultation with one of our attorneys and find out if Suum is right for you.
Loan pre-approval required for an offer to be made on your behalf. Expert guidance to find the lending solution that best supports your goals.
Leverage our commission-free process to make your offer stand out as the most attractive option to sellers.
Your attorney will help you thoroughly investigate your prospective purchase to make sure your investment is protected and all concerns are addressed.
Title insurance protects you from a potential divesture of your property. Our expert attorneys will review your title insurance commitment with you and help you negotiate the most protective possible policy.
Lifetime guarantee - Your attorney will prosecute any covered title insurance claim for the duration of your policy.
Terms and Conditions apply.
Every 'T' crossed, and 'I' dotted. Your attorney will ensure your documents are complete, correct, and ready for a stress-free closing.
Talk to an attorney for free. The rarest words in the English language. Book a free, no-obligation consultation to see if Suum is right for you.
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