SEATTLE, March 28 /PRNewswire/ -- Seattle-based Progressive Homesellers
has launched a new program in which home buyers can pay $2,500 upfront to be
represented by a realtor who rebates their entire commission at closing.
Because the buyer's agent commission is usually 3% of the purchase price, the
buyer of a typical $400,000 Seattle area home would be rebated $12,000 at
Progressive Affiliated Realtors do not show houses. Instead, buyers are
advised to view homes themselves by attending open houses or scheduling an
appointment with the agent representing the seller. The Progressive
Affiliated Realtor handles every aspect of the transaction including drawing
up, presenting and negotiating the purchase contract as well as coordinating
with lenders, title companies and escrow.
"There's no reason that an agent selling a million dollar house should
receive five times the commission of one selling a $200,000 house," said
Progressive Homesellers CEO Jeremy Stamper. "Percentage based commissions
don't make sense and consumers deserve an alternative." Stamper explained
that Progressive Homesellers' program differs from other rebate programs at
companies like Zip Realty and Redfin because these services are percentage
based. "These companies give buyers a percentage of the commission back, but
it's still a percentage rebate, and individuals buying more expensive homes
are still penalized."
Progressive Affiliated Realtors are experienced agents at full service,
brand name brokerages like John L. Scott, Century 21 and Prudential. Each has
at least five years of experience actively selling real estate.
About Progressive Homesellers
Progressive Homesellers is a licensed real estate corporation based in
Seattle, Washington that provides homebuyers and sellers with agents at brand
name brokerages like John L. Scott, Century 21 and Prudential for a flat
$2,500 fee. Progressive Homesellers' Affiliated Realtors keep costs low by
conducting all business remotely; by phone, fax and email. The company is
privately owned and based in Seattle, Washington. For more information,
please visit http://www.progressivehomesellers.com/ or call 1-888-378-7878.
SOURCE Progressive Homesellers