We know that many seniors are on a tight budget and their home is probably their biggest retirement asset. With salaried agents and an efficient structure of operation, Right Home^® clients pay far less in commissions than the traditional independent contractor, commissioned agent alternative.

What are double commissions?

Real estate brokers have traditionally charged 6% commission to sell a property, because the 6% is often split or shared with the broker representing the buyer, thus, each receiving 3%. When the listing broker also represents the buyer, the listing agent doesn’t share the commission with anyone else and gets to keep the entire 6%! At Right Home^® we call this tradition a “double commission,” because the listing broker keeps the entire 6% instead of sharing it with another broker.

At Right Home^®, we believe that the incentive of making any amount of more money when representing also the buyer, often tempts even the best agents into doing things that may not necessarily be in the best interest of the seller—in effect compromising their fiduciary duty towards their client. This often results in the seller accepting a lesser offer rather than the best offer.

One of the unique features of the Right Home^® method of operation is that we never collect more money when we also represent the buyer, and we find the best buyers for 75% of our listings! As a result, the majority of our sellers save an enormous amount of “commission money” when selling a property with Right Home^®.

This is unique and unprecedented in the industry and one of the reasons why experts agree that Right Home^® is the best thing to happen to real estate.

How About Mortgages?

When a senior citizen secures a loan from Mortgage Enterprises, the sister company of Right Home^®, the loan agents must separately disclose the pertinent features of the loan, in writing, as soon as the loan program is selected and the interest rate is “locked.”

The disclosure is unilateral and is signed/acknowledged by the loan agent and given to the borrower. Giving the borrower a document signed by the loan originator/lender is unique in the industry and takes some of the burden of proof away from the borrower and puts it flatly on the lender.

The Mortgage Summary Disclosure provides in 3 pages all the pertinent details of the loan.

Reverse Mortgage

At Right Home^® we also understand “reverse” mortgages, which are designed for the over-62 consumer. Reverse mortgages have advantages and disadvantages and should be evaluated on a case-by-case basis.

We will explore all alternatives before recommending reverse mortgages to seniors. With the client’s approval, we may even find creative better alternatives when discussing their situation with family members.

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