In just seven months, flat-fee brokerage helps save local buyers and sellers over $1 million
DENVER – October 2, 2018 – TRELORA, a technology-powered real estate company pioneering how people buy and sell residential real estate, today announced it had saved Seattle residents more than $1 million in commissions since it launched in Washington in February. Through the use of technology and role specialization, TRELORA is able to create greater efficiencies in the home buying and selling process and offers a flat fee of $4,000 to represent the buyer or seller, regardless of a home’s price.
To date, TRELORA users in Seattle and Denver have saved more than $47 million in real estate commissions.
“I am incredibly proud of the work our team has already done in Seattle,” says Joshua Hunt, Founder and CEO of TRELORA. “It is our commitment to protect the equity people have built in their homes when it’s time to sell. Our team is excited to save Seattle home buyers and sellers millions more all while continuing to offer world class service,” continues Hunt.
Seattle ranks second in national real estate markets overpaying in commissions, according to TRELORA’s 2018 Commissions Report. Per the Redfin Data Center, 2,090 homes were sold in the city in 2017 at a median sales price of $645,500, marking roughly $7 billion spent on Seattle real estate within the last year. Considering a standard real estate commission rate of 6% (across both the buyer and seller sides), traditional agents pocketed over $468 million last year alone, an average of $38,000 per sale.
“I was a little wary of using TRELORA instead of a traditional real estate agent,” says Michael Sempf. “But, I worried for nothing. We had a very difficult transaction and the team at TRELORA did everything a traditional agent would have done and then some. They were incredibly knowledgeable and provided great service throughout the process. Saving more than $26,000 on the sale of our home was the icing on the cake,” adds Sempf who used the company to sell his home in Bothell, Wash. earlier this year.
TRELORA’s technology-driven, flat-fee structure empowers the company’s agents to offer elevated customer service without the distractions of chasing commissions. TRELORA expanded to Seattle in early 2018 to offer local residents more transparency and flexibility around the home buying and selling process. Since launch on February 14, 2018, TRELORA averages $15,615 in real estate commissions savings per transaction in Seattle.
The company plans to expand nationally next year, and recently debuted on the Inc. 5000 list.
Since 2011, TRELORA has been committed to elevating the American family’s home buying and selling experience. TRELORA provides the expertise of the top agents in the country, customer service second to none, and state-of-the-art technology to offer an unparalleled home buying and selling experience. It is TRELORA’s unwavering dedication to move people’s lives forward in a positive motion that has produced $47 million in savings for buyers and sellers. For more information visit www.TRELORA.com. Follow TRELORA on Facebook, Twitter and Instagram.