Sponsored: DC Home Buzz Introduces Full Service for a Flat Fee

Sponsored By DC Home Buzz.

DC Home Buzz is a real estate company in Columbia Heights.

Created By BlankSlate

Real estate brokerage firm DC Home Buzz has announced a new program for home sellers called “Full Service, Flat Fee”. It works like this: instead of a paying them a 6% fee, they charge 3% for the buyers agent and only $9900 in place of their commission at closing, regardless of of the sale price. This fee covers everything they do to market your home, like providing a dedicated agent, negotiating on your behalf, handling the offers and contract to close process, photography, listing syndication, complimentary staging, custom video and more.

DC Home Buzz says that if you were selling a $900,000 home, you would save $18,000 by using them. Watch the video above to learn the details.

You can also contact DC Home Buzz or call them at 202-503-4013 to learn more.

26 Comment

  • Still a ripoff in a hot mkt.

  • Their math seems a little screwy. Isn’t $900K x 6% = $54000? So you’d save $44,100?

  • What? Generally you are paying 6% to cover both realtors, not just the one representing you. I think the math they are doing is based on the 3% fee you’d generally pay to your agent, thus it would be $27,000. Even so, $27,000 – $9,900 is $17,100 so their math is definitely off.

    • You still have to pay the buyer’s agent 3%. It’s a better deal then what is currently out there…but still not a good deal if you think your house will move within a certain timeframe (1 month). What’s to stop an house seller to walking in to a real estate agent/broker and saying. I’ll give you .5%. My house is worth 700K plus and will sell within a month. Take the 3500 for one month’s work, if that. You still have to pay the buyer’s agent 3%…again doesn’t make much sense to me.

  • 17,100<18,000

  • buyer’s agent at 3% is also high, at what point to real estate agents go to hourly?

    • Two of my friends have gone with Redfin for their recent purchases and really liked the service. Redfin and the buyer split the 3% fee.
      Though seriously, if you’re willing to do some legwork, all you really need is a real estate lawyer to get the transaction done. In this market, it’s silly to flush money down the toilet on an agent.

      • I used Redfin to buy and sell a house within the past year. If your friends really only paid 3% that is a pretty good deal. I paid the Redfin agent 1.5% and the buyer’s agent 2.5%, which is still a pretty big cost savings compared to going with a standard realtor. Redfin also refunded me $6K toward my closing costs (which is a percentage of the list price, not the final sales price, so you get hurt if you offer more, but benefit if you offer less).
        I was very happy with them and will use them again when I eventually sell my current house.

        • My friends were first time buyers, not sellers. So they got the refunds, which were half of the 3% standard fee (RedFin kept the other 1.5%). They both applied the refund to their closing costs.

  • Not to protect realtors or anything, but with these pseudo realty services that promise to save you a buck, you get what you pay for. In a hot market like the current one, it pays to have a good realtor with connections, negotiation strategy, etc. There are some neighborhoods in DC that are business inbreds where agents would give preference to a buyer or selling agent across the table from a reputable company rather than DChomebuzz. Hope popville is at least making a decent buck with this type of sponsored junk.

    • This kinda sounds like it’s written by a real estate agent

      • Yeah it does, though I somewhat agree with their assessment. When I was selling my house, we got 6 offers and my realtor advised me which agents he knew were good to work with and which ones were difficult. Not that I made my decision based on that alone, but it does play some part since all of the offers were way over asking price.

        • How did you end up making your decision? Was price the leading factor or ability to get a loan?

          • Of the 6 offers, all were over asking. Two of them blew the others out of the water, so it was going to be between those. We ended up going with the slightly lower offer (we’re talking about a $4K difference) due to the fact that buyer had a 25% down payment and the other only had 5%. This would certainly affect their ability to get a loan and the scrutiny with which the appraisal would be conducted.

          • Also, all of them had the same inspection contingency- which was a general inspection. That would have definitely been a factor in making the decision had they not all had general inspections (which means that the buyer can’t ask the seller to pay for any repairs, but has the right to an inspection).

          • with the two offers you received, did the agents advice about difficult/easy to work with come into play? I see your point/and the one above it, but at the end of the day did money trump his advice. 2-5K difference and I probably heed the agent’s advice…10K or more and I go with the highest offer.

          • Unfortunately he had never worked with the agents with the two top offers, but some of the others he advised me he would avoid working with if at all possible because they had been difficult. It wasn’t even a contest though because we were talking a $50K + difference between the top two and the other 4 (yeah it was crazy).
            It turned out the agent with the winning bid was somewhat difficult to work with, but it did end up going through, even if a bit later than we wanted.

      • also his advice is bunk towards a seller in a hot mkt…maybe a buyer in a hot mkt may need a great agent, but they’re free to the buyer…and cost the seller 3% – which can be 20K more.

    • If I found out my agent rejected a higher offer or wouldn’t bother to submit a bid at my price because they didn’t know the agent on the other side of the table they would be fired on the spot.

    • This makes it sound like agents are sketchy anyway…so why use them?

      • Fools and their money are quickly parted.

        • exactly. use a real estate lawyer and buy your own MLS number…done.

          • I think people are just being pennywise, pound foolish. By using a real estate agent, you don’t need to put out any money upfront for the MLS number, the real estate lawyer, etc. All costs are pushed to the very end of the transaction. But in the end, you get massively hosed when you’re hit up for the 6% fee.
            How much are typically a real estate lawyer’s fees in a housing transaction? A few thousand?

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