AUSTIN, Texas, Oct. 16 /PRNewswire/ -- Hoping to offset prevailing home sales trends, local entrepreneur Paul Reddam recently launched Homesville, a full-service real estate firm that differs from its competitors by charging sellers a fixed, one-time fee, rather than the usual three percent seller's commission.
"After ten years of selling homes in Austin, I basically came clean and admitted that I was being overpaid," confessed Reddam
explains that selling a $200,000 house versus a $500,000 one requires almost identical effort on the part of the realtor."To put it plainly, there's no real good reason to pay a percentage-based commission in today's world.That's why at Homesville
sellers get the same full-service real estate for a one-time fee of $2,995 payable at closing -- regardless of whether it's a $200,000 deal or a $500,000 one."Reddam
was quick to point out, however, that Homesville
continues to advise sellers to offer a three percent commission to buyer's agents, and that any savings comes exclusively from what would have been paid in seller's agent commissions.Homesville
's one-time fee covers all the expenses of listing and selling a home, and is not assessed until closing."Homesville
may cut prices, but it doesn't cut corners.Sellers will get the same quality real estate service they expect," remarked Reddam
.While some may be skeptical of Reddam's
business model, Reddam states that any lack of big-ticket commissions is balanced by the high volume of his
listings."A well-priced, properly marketed home will sell regardless of which company you list with.The question is: how much do you want to pay?"If anecdotal evidence is any guide, local home sellers are asking themselves that very question.Reddam's
new enterprise may help them on their way to an answer.Homesville
is based in Austin, Texas.The firm offers full service real estate services to both buyers and sellers.For additional information on all of the services provided by Homesville
, contact Paul Reddam
at 512-789-0869, or simply go to http://www.homesville.com .