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The price a buyer commits to paying in a contract to purchase a home.
This is the percent of your home’s value (usually 6%) a seller pays to a seller’s agent. If there is a buyer’s agent, the agents split the commission.
Homezen charges a low flat fee ($499 - $699) instead of a percentage of your homes value. There are no other fees, you save big time!
Sellers pay for both the seller’s and the buyer’s agent. With homezen, you get to decide how much to offer a buyer’s agent. We recommend 2% - 2.5%.
These are commonly bundled taxes and fees that buyers and sellers pay. Seller closing costs typically range from 0.25% - 1.5% of sales price. Check with your Sotheby’s agent for specifics.
The loan most buyers take out to finance the purchase of a home. The seller’s mortgage is paid off using the proceeds from the sale of their home. This process is coordinated by your Sotheby’s agent and the Settlement Attorney.
This is the money you take home net of commissions, closing costs and taxes.
This is the amount of money you saved by using homezen to sell your home. Nice job!
Sellers pay all of the traditional 6% in real estate commission for both the seller’s agent and buyer’s agent (the buyer's agent is free for the buyer).
Interestingly, if there is no buyer’s agent, the seller's agent keeps the full 6% commission, so the seller pays the full 6% commission anyway.
With homezen, you not only save the seller commission, you also get to choose how much to offer a buyer’s agent. We recommend 2% - 2.5%.