We wanted to find another way to give back to the community and help someone in need. With that in mind, I have partnered with John L Scott to once a year, offer to list a home for Free (no listing commission).
This is not a gimmick. John L Scott Real Estate and I will take zero commission and zero fees. This is donating time and money to help someone in need, and it's as simple as that.
We are trying to find a candidate with a specific circumstance, to be sure we offer this service to someone truly in need.
The criteria is as follows:
-Helping sell a property for a Non-Profit/Charitable Organization.
OR
-"Distressed" sale. Loss of job, or divorce, or job relocation, or other financial hardship making mortgage difficult to pay.
-Less than 10% equity (difference between how much you owe, and how much your home can sell for). We offer a free market analysis if you're not sure of how much equity you have.
-Home or Condominium and located in Whatcom or North Skagit County
Things to note:
-This does not include 2.5 or 3% commission offered to buyers agent. If we find the buyer, we will not charge ANY commission (Zero), but if a buyers agent brings an offer, we still offer a commission to the buyer agent/broker.
-If you owe more than your home is worth, this would not qualify for the Free Listing offer. But we can help you sell your home and negotiate a shortsale on your behalf with your lender. Commissions are discounted and usually paid out of closing costs and negotiated during shortsale process.
Example of situation we are looking for:
Seller owes $190,000 on house, but house is only worth about $200,000. Seller can no longer make payments. Paying full commissions would require a shortsale or other distressed sale. With the "Free" listing, seller saves approximately $6,000 in commission. With this savings in closing costs, seller can then afford to sell and payoff mortgage. This may help save some one's credit, and ultimately payoff the liens they owe on there home.
Due to the time, and costs that go in to marketing a home, we are offering just One Commission-Free listing a year. Right now, the Free Listing is available for 2012. To inquire, fill-out form below, email paulbalzotti@johnlscott.com or call 360.920.5901.
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