Sovera Realty

Real Estate Myth vs. Fact… and the Sovera difference

By Chip Colandreo2 min read
Dan Elzer, president and CEO of Sovera Realty
Dan Elzer, president and CEO of Sovera Realty

For too many buyers and sellers of homes, the real-estate business is a murky land of myth and legend fueled more by bad advice from the friend of a friend than by reliable facts. Sovera Realty is changing the narrative, though, by rewriting the real-estate playbook to put home sellers – not agents – at the center of the Sovera universe. To understand how this one-of-a-kind firm is reinventing real estate, let’s compare some real-estate myths to the facts:

MYTH #1: It costs 6% to list your home.

FACT: There has never been a required commission rate. The old 6% model bundled two things into one number: the listing fee, and a payment to the buyer’s agent. Both are negotiable – and both come out of the seller’s pocket.

WHY SOVERA: There are two ways Sovera protects sellers. First is its fee of only 2.89% for full service, seller-only representation. Second, Sovera professionals negotiate the buyer-agent fees down on the seller’s behalf, trimming an average of 1% off the typical 3% fee. The result: Sovera sellers save an average of $7,000.

MYTH #2: My agent represents me

FACT: In the state of Florida, almost all real-estate agents are transaction brokers. This means they are permitted to represent both buyers and sellers, often in the same transaction. Rather than true representation, a broker often becomes more of a facilitator.

WHY SOVERA: Sovera is one of, if not the only, single-agent fiduciary brokerages in the industry. Sovera only represents sellers. No divided loyalty. No conflicts of interest. Sovera agents are salaried employees and have a legal obligation to represent sellers’ best interests.

MYTH #3: It’s not worth putting money into a house before you sell – buyers would rather renovate themselves, and you won’t get that money back.

FACT: Homeowners can experience a 7%- 10% increase in value and sell up to 15% faster when proper upgrades and staging are completed prior to marketing their home for sale.

WHY SOVERA: Not only do Sovera’s trained professionals know which improvements will deliver the highest ROI, but Sovera can offer up to $50,000 to qualified sellers to make those improvements. There’s no out-of-pocket expense, and sellers pay nothing until closing.

To learn more about how Sovera Realty is revolutionizing real estate for home sellers, and to schedule a free consultation, visit SoveraRealty.com.