Press release article from our research archive:

Homesville Offers Local Home Sellers Reprieve in Tight Market; Real Estate Agency Develops Innovative Model for Home Sales.

AUSTIN, Texas, Oct. 16 /PRNewswire/ -- Hoping to offset prevailing home sales trends, local entrepreneur Paul Reddam recently launched Homesville, a full-service real estate firm that differs from its competitors by charging sellers a fixed, one-time fee, rather than the usual three percent seller's commission.

"After ten years of selling homes in Austin, I basically came clean and admitted that I was being overpaid," confessed Reddam. In a conventional transaction, a realtor would usually earn a percentage-based commission tied to the price of the home being sold. Reddam disagrees with this method. "Real estate agents should be paid for the work they do, not the price ...

Related newspaper, magazine, and journal articles:

See all results. Or, try our Advanced Search.

Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 60 million articles! Access over 3,500 publications with a FREE trial!