- people on the move
Law firm offers alternative to paying a broker’s fee
Mika Meyers’ program helps those buying or selling a home on their own.
Grand Rapids law firm Mika Meyers has set out to curb the costs of selling a home for those who want to do it on their own but still need a helping hand.
The law firm offers a flat-fee real estate service that helps homeowners “get from A to Z” when selling a home, Mika Meyers attorney Dan Parmeter said.
Parmeter said real estate agents add a lot of value for many homebuyers and sellers by marketing and showing the house and helping them through the buying/selling process, but not everyone needs to use an agent.
Parmeter declined to disclose Mika Meyers’ flat-fee rate, but said it’s cheaper than a 6 percent commission on a $100,000 house.
“If you feel comfortable in doing it on your own rather than bringing in a realtor, this ends up being a lot cheaper,” Parmeter said. “In a standard buyer-seller situation, frankly, if it’s a $100,000 home or $1 million, you run through the same thing.”
Mika Meyers’ real estate service doesn’t market the house to a broad market, Parmeter said, so the service would work best for a seller who knows there is already interest in the house and how much they plan to ask for in the listing.
The service helps guide sellers, or buyers, through the process, which includes overviews of disclosure statements, purchase agreements, owner policy and title insurance. Mika Meyers also will help coordinate surveys, county reports and lenders.
While some might be wary of hiring a lawyer, there is value in having a lawyer look into the process, Parmeter said. Where realtors are helpful in marketing, setting a purchase price and matching buyers and sellers, the attorneys are better versed in paperwork and reviewing a deal, he said.
One of the most important steps Mika Meyers helps with is the closing packs at the end of the process.
“We help review everything, so there’s nothing that would cause concern,” Parmeter said. “You’d be surprised how often things show up, and unfortunately a lot of people look at it but don’t really know what it is or what to look for, and we as attorneys are advocating for them.”
Since payment is a flat fee, Mika Meyers doesn’t worry whether or not a deal closes, so if something looks fishy, the firm will advise the buyer or seller appropriately and not try to push it through to make a commission.
“We’re 100 percent aligned with them, whether it closes or not,” Parmeter said. “Obviously, they want that to close, but we’re not going to sugarcoat any issues that pop up.”