No charge for closing your real estate transaction? WOW

Here at Paradise Sharks we take our clients’ welfare seriously. Our passion, when we started this business, was our clients’ and they will remain our focus as long as I am around, which I hope is a long, long time. We feel strongly that everyone should have a high level of quality and value from their real estate broker. We want to think outside the box and change the way things are done.

New Haven Neighborhood along Sidewalk Jupiter Florida

We do a multitude of things to keep our clients expenses low, as we tire of seeing fees added on their closing statements that do not need to be. One thing we do when we are working with our sellers, or buyers, when they are responsible for an owners title policy is put the title and closing work out for bid. We did just that yesterday and were so happy to wake up to this e-mail today. This is why we work so hard to save our clients money. We typically hope to save our clients a couple hundred dollars through this bidding process. Here is the e-mail we sent out inviting the vendor for a proposal;

Rick,

We just went bilateral with this property and have attached a copy of the contract. It is a VA loan and we are asking three title companies for a bid to handle the title work and closing duties. This is a new home.

Please let me know what your charges, including search fees, that will be charged and we look forward to potentially working with you on this transaction.

Here is the response we received;

Good morning Tom……

My name is Pamela and I am a closer at _____ Title. Your email was forwarded to me by Rick. I have attached a prelim HUD-1 per your request.

I based the purchase price on the contract you attached at $380,000.00. I used a 6% commission base with a 50/50 split. I do not know if you charge a transaction fee so I did not place one on the prelim HUD-1. If there is anything you would like me to add please do not hesitate to respond with any changes you may need. 

In regards to our settlement fee I charged $0.00 to your sellers. It is my goal to earn your business not only with this contract but with any future contracts you may have. Per your email you are in the process of obtaining a quotes from additional title companies. If you receive a quote that is lower then the one I am providing please do not let that deter you from choosing _____ Title. I will match any quote you are given. I would like to thank you for your time and I look forward to hearing from you soon. Make it a great day!

So, in this case we did not save our clients’ a couple hundred dollars. We saved them much more and we have a new vendor who will be bidding future closings for us if they perform admirably on this one. And the savings to our clients do not stop there as on this transaction we charged them far less than 6% for commissions and NEVER charge them a transaction fee.

Watching out for our clients is what we do. Changing how real estate is done is what we hope to do. If we can ever watch out for your best interests for anything real estate throughout Palm Beach or Martin County please feel free to contact us at 561.308.0175 or info@paradisesharks.com

Fins up for saving our clients money…..

 

 

 

#jupiterrealtor

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Tom Priester

After spending years among the top individual performers at one of Palm Beach County’s largest and most successful real estate brokerages, Tom Priester knew there was another way to do real estate. A better way. Real estate services focused on the customer. Like the old days when the customer truly was #1. He tired of listening to why he should be going out to have his customers sign one sided buyers’ brokerage agreements. He tired of hearing how he should be selling customers why paying higher commissions, like 7% and 8%, was to their benefit. He tired of hearing how he should sell his clients on why they should be paying hundreds of dollars in additional “transaction fees”. The business had slid way too far from being focused on the customer. His customer. So he decided the time was right to be different…..by design. To start his own unique boutique real estate firm truly focused on his customers. They will now have access to a process focused on them. Only the best marketing techniques to sell their homes. No cutting corners. Commission structures based on his clients needs not his. Paradise Sharks was born out of Tom’s passion to return this business to the customer. Where it belongs. If you want a real estate experience that benefits you, just give Tom a call at 561 308-0175 or send him an e-mail at tom@paradisesharks.com. You can always pay more and receive less but that just would not make any sense. Would it?

2 thoughts on “No charge for closing your real estate transaction? WOW

    1. Tom,

      Our system is currently sending you anything in Evergreen with a list price up to $300,000. If you want us to change this criteria in any way please let us know. Keep in mind in Evergreen over the past 12 months we have 94 properties sell and only 15 closed below the $300,00 so we are dealing with about 16% of the market. A lot of sellers still asking too much but a well priced listing in Evergreen in good condition will sell quickly. If you see anything come through you are interested in making an offer on just let me know.

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