MARLTON, N.J., Aug. 16, 2016 (GLOBE NEWSWIRE) -- After its initial launch in select New Jersey and Los Angeles real estate markets, Less Percent Real Estate, LLC (“Less Percent”) is introducing its innovative Internet based real estate technology platform, www.LessPercent.com, in the South Florida market. The company also intends to expand its services into Central Florida within the next few weeks. Less Percent was built with the belief that when a homeowner makes the decision to sell their home, they should be able to get the best services from a local qualified real estate agent, at a lower commission.
There are on average 5 million homes sold each year. Over 90% of those home sellers pay a commission to a professional real estate agent. Less Percent saves home sellers thousands of dollars in commissions by providing homeowners the ability to compare multiple offers from top local real estate agents that competitively bid to sell their home. Less Percent removes the hassle and awkwardness of having to negotiate with agents for a lower commission rate, while the home seller remains completely anonymous until they select an agent that best fits their needs.
With just a few clicks on the Less Percent website, homeowners wanting to sell their home can quickly and easily offer their property listing to top local licensed real estate agents, at no cost to the homeowner. The agents, who are qualified by Less Percent, bid for those listings by adjusting their commissions and services through a closed bid format, which includes details of the services they will provide to the homeowner. This information appears on the homeowner’s account dashboard, providing them easy access to review and compare bids for total savings, services and real estate agent background information.
“Most home sellers don’t realize you can negotiate the sales commission with your real estate agent,” said Michael Huegel, the CEO of Less Percent. “This is a stress free, no hassle way for a homeowner to list and sell their home through a professional real estate agent and save thousands with lower commissions.”
For the real estate agent, it’s all about getting quality listings. After creating an online account and being qualified by Less Percent, an agent can easily view properties available for bid in their local area. If the agent is interested in a particular listing, they can place a bid that shows the homeowner the services to be provided by the agent and commission rate they are willing to accept (total commission including split with any buyer agent, if utilized).
An agent typically has a marketing budget to attract new listings. The Less Percent platform fits right into their budget and comes with a no-risk guarantee, if the agent does not win the bid there is absolutely no cost to the agent. Additionally, if after winning a home listing the agent fails to enter into a listing agreement with the homeowner for any reason, the agent has fifteen days to request a refund and they will be credited back the winning bid fee. Pricing for a winning bid starts at just $299 for a home valued less than $300K and increases by $100 for each $100K increase in home value.
For additional information about the Less Percent technology you can visit the Less Percent’s homeowner FAQ section at https://www.LessPercent.com/faq/ and real estate agent FAQ section at https://www.LessPercent.com/agent-faq/.
ABOUT LESS PERCENT REAL ESTATE, LLC.
Less Percent Real Estate, LLC, is the developer of an Internet based bidding platform www.LessPercent.com, that targets homeowners and business-to-consumer service providers in the residential real estate industry. Less Percent enables homeowners wanting to sell their home to save thousands of dollars in commissions by providing homeowners the ability to compare multiple offers from top local real estate agents that want to win their listing. At no charge to the homeowner, Less Percent removes the hassle and awkwardness of having to negotiate with agents, while the homeowner remains completely anonymous until they select the agent that best fits their needs.
FORWARD LOOKING STATEMENTS
The information contained in this news release, other than historical information, consists of forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. These statements may involve risks and uncertainties that could cause actual results to differ materially from those described in such statements. Such forward-looking statements involve known and unknown risks and uncertainties, including all business uncertainties relating to product development, marketing, market acceptance, future capital requirements, competition in general and other factors that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. The Company is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.