Case Study: How We Helped Our Client Save Thousands on Selling Her Home, Buying a New One & Securing a Mortgage
By Scott Morris
It’s no secret that the housing market has been hot for the last couple of years. During this time, sellers, brokers, and agents have been making money from the increased competition among buyers. All-cash offers, sometimes tens of thousands of dollars above asking price, have been par for the course, leaving many to feel overwhelmed by the costs. But at SRM Real Estate Group, we believe it doesn’t have to be this way.
We’re an independent, broker-owned firm with real estate and mortgage services under one roof. This means we don’t have to charge high commissions like other firms. You get low flat fees and buyer rebates to save you thousands of dollars. Plus, when you work with us, we donate to a cause you care about.
Here’s just one example of our process and how it helped Jennifer not only save time and money but also change lives.
The Client
In this case, our client’s name is Jennifer, a millennial woman from Studio City. (1)
The Goal
Jennifer came to us with the goal of selling her Studio City townhouse and upgrading to a bigger home with a yard.
The Outcome
Selling
The SRM team created a sales and marketing plan to sell Jennifer’s townhouse. She received multiple offers and a purchase price of $875,000, which exceeded the asking price and set a record for her complex. If she had worked with a traditional real estate broker, she would have paid her agent a commission of $21,875. As a flat-fee real estate firm, we charged $10,000, saving her $11,875 right off the bat.
Buying
We then helped Jennifer find and purchase her new home for $1.1 million in under a week. Jennifer was competing against several other buyers, but we used our experience to put together a strong offer, and she got the home! One of the many deal points that helped Jennifer’s offer stand out was her pre-approval status, which she obtained through our in-house mortgage company. This allowed her to compete with all-cash buyers, giving her an important advantage. Plus, through our buyer rebate program, where buyers get back 1% of the purchase price, Jennifer received a check for $11,000!
Mortgage
In addition to helping her sell her townhouse and upgrade to her new home, our mortgage company saved Jennifer time, money, and hassle. Not only could we vet the financial strength of potential buyers for her townhome, we were also able to help her finance her new home. We got her pre-approved, obtained a great interest rate, kept expenses low, and streamlined all the paperwork. We did everything in house, consolidating the process and cutting out thousands in unnecessary fees.
In total, we saved Jennifer $22,875 in commissions and hours of time selling her townhouse, buying her new home, and securing her mortgage. Not only that, when everything was closed, we donated to the charity of her choice, the Juvenile Diabetes Research Foundation (JDRF), which helps people with Type 1 diabetes have a better future.
Do You Want Help Selling, Buying, or Financing Your Home?
At SRM Real Estate Group, we save our clients money and time—and together we change lives.
If you’re like Jennifer and you’re looking for a way to sell your home without the high commission, buy your home and get a nice rebate, or secure a mortgage at a great rate, we would love to hear from you. Also, we will donate to a charity of your choice. Supporting your favorite charity helps us grow a pretty awesome community of people like you and continue our mission as a social purpose company. Reach out to us at 818-262-3695 or connect@srmrealestategroup.com or you can schedule a no-obligation introductory call online. We can’t wait to connect with you!
About Scott
After his son’s Type 1 diabetes diagnosis, Scott’s life took on new meaning. He created a purpose-driven business model to put people before profits. With each successful closing, he donates a portion of his earnings to his client’s preferred charity and to the Juvenile Diabetes Research Foundation. Scott’s passion and innovative approach to real estate is found in the promise he makes to every client: when you partner with the SRM team, you’ll save money, time, and together we’ll change lives.
Scott Morris is the Founder and CEO of SRM Real Estate Group, a Los Angeles real estate and mortgage company that does things differently. To learn more about Scott, connect with him on LinkedIn. You can also watch his latest webinar to find out how to be the smartest seller on your block.
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(1) Name changed for confidentiality