Realtors are an integral and valued part of the Slow Flip process. We require all contract for deed buyers to be represented by a real estate agent and rely on Realtors to connect us with potential homebuyers who may benefit from our contract for deed. Realtors then continue to represent their client throughout the contract for deed process, advocating for their client and helping them to understand the steps along the way.
To ensure that Realtors are well and fairly compensated, we’ve established a clear and simple process for determining Realtor commissions.
There are two transactions in the Slow Flip contract for deed process. In the first, Slow Flip purchases a property from the seller. In the second, Slow Flip sells the property to the buyer. The price of the home is higher in the second transaction due to the premium (Slow Flip’s profit).
Slow Flip offers Realtors a set commission amount determined by the purchase amount in the first transaction.
For example, consider a home that initially sells for $300,000. The commission paid to the selling agent will be $8,100. When Slow Flip sells the property to a contract for deed buyer, the Realtor will get a commission equal to that amount – $8,100.
Ultimately, any commission or bonus received when Slow Flip purchases the home is the same amount paid out as commission when Slow Flip sells the home.