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Does it really cost 6% to sell a house? Absolutely not!
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The Market

Home/Archive by Category "The Market"/Page 24
02 Aug
The Market

Latest Mortgage Rate Update

Posted by author-avatar David Barlow
August 2, 2024
Mortgage Rates Decline Mortgage rates dipped this week, with the average rate for a 30-year fixed home loan decreasing from 6.78% la...
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The market in july was hot! call us for more information (614) 451-6616
31 Jul
The Market

July Housing Market Update

Posted by author-avatar David Barlow
August 2, 2024
Median Home Prices Fell in July Median home prices fell in July, marking the first-ever seasonal decline in a month that’s typically...
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23 Jul
The Market

Interest Rates: Now is the Time to Buy

Posted by author-avatar David Barlow
July 23, 2024
Welcome to this comprehensive market update, where we discuss recent interest rates, mortgage rate dynamics, and why now might be the b...
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why homebuyers shouldnt wait! read more in our article! (614) 451-6616
28 Jun
The Market

Why Homebuyers Shouldn’t Wait!

Posted by author-avatar David Barlow
June 28, 2024
In today's volatile real estate market, potential homebuyers face a crucial decision: buy now or wait for better conditions. With inter...
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We are always up to date with the latest on todays market and interest rates, call us today!
24 Jun
The Market

Market Update: Inflation, Interest Rates, and Real Estate Insights

Posted by author-avatar David Barlow
October 22, 2024
Introduction Both the Consumer Price Index (CPI) and the Producer Price Index (PPI) numbers recently came out, and both indicated th...
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It's an election year, how will that affect home sales? call us today to find out! (614) 451-6616
17 Jun
The Market

Does the Election Impact the Housing Market? Insights for 2024 Buyers

Posted by author-avatar David Barlow
October 22, 2024
With the 2024 Presidential election approaching, you might be wondering how this major event could affect your plans to buy or sell a h...
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This market has been to the benefit of the seller for a long time, but now the scales are finally evening out. Call us today to find out more (614) 451-6616
03 Jun
The Market

Sellers Market but Moving Toward Balance

Posted by author-avatar David Barlow
June 4, 2024
In the dynamic world of real estate, headlines are constantly shifting: "Mortgage rates soar above 7%!", "Home prices drop!", "Housing ...
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interest rates are always changing, keep updated with us! call us today! (614) 451-6616
28 May
The Market

Market Update: What’s Happening with Interest Rates?

Posted by author-avatar David Barlow
June 4, 2024
The recent discussion between Jaysen Barlow of Sell For 1 Percent, Rich Cercone of Equitable Mortgage, Dave Barlow, and Jamie Barlow pr...
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Read about the newest housing trends and call us today! (614) 451-6616
24 May
The Market

Current Trends in the Housing Market

Posted by author-avatar David Barlow
June 4, 2024
This week, the housing market witnessed a significant development as mortgage rates fell below 7% for the first time in over a month, p...
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Get yourself into this spring market with ease! Call us today! (614) 451-6616
13 May
The Market

The Sweet Spot of This Spring’s Market

Posted by author-avatar David Barlow
June 4, 2024
In the midst of unexpected market shifts, including the recent NAR Settlement news and ongoing economic challenges, navigating the spri...
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Recent Posts
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3,750+

Happy Clients

24+

Years Experience

$2 Million+

Commissions Saved

$1 Billion+

in Home Value Sold

Why pay more for less?

THINK WE’RE A DISCOUNT BROKER?

Everything you’d expect from your Realtor® except for the high commission rates. Technology has changed over the years to allow all Realtors® to sell your home faster and for more money, we simply charge a fair rate and pass the savings on to you!

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ALL TESTIMONIALS

About Sellfor1percent

In business since 1998, the Sell for 1 Percent concept started in 2018 as we looked for ways to attract For Sale by Owners. We first started with the “Flat fee” model where a home seller pays a flat fee (normally around $1000) to gain access to the local MLS but in that model the seller is responsible for taking the photos, scheduling the showings, negotiating the contracts and handling the closing. What we found through this process was sellers were not against paying a commission to handle the process of the sale of their home, they were against paying outrageously high commissions and giving away their equity to some real estate agent and so the Sell for 1 Percent concept was born.

Since starting in real estate back in 1998 many things have changed especially the values of homes and technology. In 1998 the medium home sale price in Columbus was $121,700. Since then, the average home sale price in Columbus has risen to more than $300,000 but commissions have remained the same at 6%.

In 1998 the biggest thing in cell phones was the Nextel phone which offered cell phones with a walkie talkie feature that didn’t cost you anything to use. . . The blackberry had not yet been released and the first iPhone didn’t come until 2007. The best TV you could buy to watch the Super Bowl was a Sony 34 inch vacuum-tube set that cost $8000, or over $13,000 in today’s money adjusted for inflation.

In real estate if you wanted to go look for a house you called us and we brought you a telephone sized MLS book that you sifted through. We shot photos of the house’s we were selling with 35mm cameras, took the film over to the local camera shop and then scanned and uploaded the photos to the MLS using high speed 56.6 modems that squawked like a wounded duck when going on line, LOL!

Things have changed a lot in technology since 1998 making our lives as Realtors so much easier. The internet has evolved, the widespread use of email, web sites to search for homes, electronic camera’s, graphic software, 24 hour showing services, electronic signatures and so much more. . . What hasn’t changed? Commissions, agents still want to charge you 6%. . .

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sell for 1 percent, it doesn't cost 6% to sell a house

This all lead to the question for us, with all of this technology were we working more or less than we were in 1998 to sell a house? So we started keeping track of time, we kept track of and detailed the actual number of labor hours it took us to go from start to finish and all points in between to list and sell your house. Much like an attorney does, we kept track of everything it takes to sell a house and our results were stunning. On average it only took us between 6 and 7 hours to sell a home, to do everything from start to finish, everything we normally have done to sell a house since getting into the business in 1998 and our result, it takes less than 7 hours of time to sell a house.

So then that got us to thinking about the numbers, if the average home in Columbus sells for more than $300,000 and the 1% commission on that is $3000, and we know it takes us less than 7 hours to sell a house then we know we are making over $400 an hour. . . Now I don’t know about you but that’s a pretty good living by any standard! What we don’t believe is it is worth $1200 an hour which is what a traditional real estate agent wants to charge you, but hey if they’re your best friend or a family member maybe it is. . .
The whole idea is to provide you with more service for less commission. We want to provide you with more service than you could ever expect from any traditional real estate agent for a fair commission. 

Gorgeous white home sold for 1% commission
2004 is the year we started realizing how much money people are leaving on the table with all the new tech avaibale

HER✈️RE/MAX

After quickly becoming a HER Realtors top producing agent, at 6%, Dave Barlow and his team leave to open RE/MAX First Choice in Upper Arlington, Ohio.

Ready to move? These owners saved thousands using sell for 1 percent
2009, when we decided we didn't want to pay someone else more for no reason

iHome, REALTORS®

The Barlow’s began their first independent brokerage founding iHome, REALTORS® in Northwest Columbus.

Happy client sold home for 1% commission, you can too!
2014, the year we decided to name our company what we do, sell for 1 percent

Sell For 1 Percent Realtors®

Starting in 2018 by leveraging technology and their efficiency/experience the Barlow’s aquired over years of success, they began offering their service for a lower than normal rate, and the rest is history!

  • HOME
  • ABOUT US
    • Our History
    • Read Our Reviews
    • FAQ
  • SELL
    • Selling With Us
    • What’s Included For 1 Percent?
    • Our Recent Sales
    • Home Seller’s Guide
  • BUY
    • Get Pre Approved
    • Exclusive Investment Opportunities
    • Let’s Talk
    • Home Buyer’s Guide
    • First-Time Homebuyer Guide
  • Blog
  • Neighborhoods
    • Ashville
    • Bexley
    • Blacklick
    • Clintonville
    • Delaware
    • Downtown Columbus
    • Dublin
    • Gahanna
    • Galloway
    • German Village
    • Grandview
    • Granville
    • Grove City
    • Groveport
    • Hilliard
    • Lewis Center
    • Merion Village
    • New Albany
    • Northwest Columbus
    • Orient
    • Pickerington
    • Plain City
    • Powell
    • Reynoldsburg
    • Sunbury
    • University District
    • Upper Arlington
    • Westerville
    • Whitehall
    • Worthington
  • Homes For Sale
  • CONTACT US
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