You never pay an upfront fee with ShopProp and we guarantee you more money back than any other firm!
Regardless of the price of the property, who has it listed or if it is new construction home EVERY client is GUARANTEED a commission rebate back in their pockets when using ShopProp. *
Example-If you are buying a $500,000 home x and 3% is the buyer agent commission=$15,000 paid to the agent that represents you – ShopProp’s cut of the commission is $1,995=and yours is $13,005 rebated back to YOU instead of going into a Full Commission Agents Pocket!
Our fee is subtracted at closing, and the amount you get back varies by the number of services you require. If you don’t close on a home you don’t owe us anything regardless of the number of services we provide you.
Services are defined as: (all phone and email support is free)
- Showings: every 2 showings (2 different addresses) = 1 service
- Offers: every 3 offers (3 different addresses) = 1 service -This includes all counter offers and all paperwork needed to close.
- Inspection= 1 service (typically a buyer will want to inspect the property and 1 of our agents will need to attend the inspection)
Pricing: Every client is GUARANTEED commission back!*
- 1 service: ShopProp takes $1995 and gives you the rest.
- 2 services: ShopProp takes $2995 and gives you the rest.
- 3 services: ShopProp takes $3995 and gives you the rest.
- 4 services: ShopProp takes $4995 and gives you the rest.
- 5 services: ShopProp takes $5995 and give you the rest.
- Unlimited services: $5995
- For homes over $700,000, our minimum commission is $2995 but includes 2 services.
The commission we collect always is deducted from what the seller is offering to pay the agent that represents the buyer.
If we wrote up 3 offers for you, one of our agents showed you 2 properties and one of our agents was with you for 1 inspection this would be 3 services. (Any in-person meeting is considered a showing if it is not an inspection.)
Example of unlimited services-If you buy a house for $1,00,000 with ShopProp as your buying agent and during the process, we provided you with unlimited services(the most ShopProp ever takes) you would receive a rebate back of $24,005. $1,000,000 (purchase price of your home) x 3% (commission paid to the buyer’s agent)-$5995 (the most ShopProp ever takes of the commission) =$24,005 back in your pocket.
*In a situation where the commission offered by the seller is less than the commission defined in the services, 70% of the commission that is offered by the seller will go to ShopProp. The remainder will be given to you. Example: If you buy a $100,000 home and the seller is offering a commission of 3% ($3,000) and you have 8 services, ShopProp will only collect 70% of the 3% commission offered by the seller. $100,000 x 3% = $3,000-$2100(ShopProp’s Fee)=$900 paid to our client. Minimum commission in $995.
Bonuses Brokerage firms can receive a bonus for buying multiple properties from a builder. An example of this might be if a firm represents 5 buyers on 5 different homes from a builder over the course of a year. The firm might, for example, receive a $1,000 bonus or an increased in commission beyond the stated commission in the MLS. Bonuses ShopProp receives are not considered part of the commission and will not be part of the rebate to buyers.
Multiple Locations If you are buying multiple homes in different location the services will be counted separately.
since 2006* *We guarantee the most commission back when buying and the lowest commission paid when selling for like services advertised and it is not retroactive after the close, after the first offer is written or after the home is listed for sale. For ShopProp listed properties where we operate as a dual agent please see Dual Agent Listings for pricing.
Example: If you sell your house for $500,000 and buy a new house for $500,000, you could save a total of $40,010.