Company saves home buyers, sellers big money

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Cory Glauth and her family are settling in to their new home in Arvada.

“We moved from Arvada, about a mile away from here. We had just overgrown our home,” Glauth said.

Given the inventory in the Denver area it’s no surprise the Glauths old home sold in about a week. What is surprising is how much they saved during the buying and selling process.

“We saved over $15,000,” she said.

And it was all because of the realty company they chose.

“What we do differently on a million dollar home and a $100,000 home is nothing,” said Joshua Hunt.

Hunt had been in the real estate business for 18 years when he started Trelora. Their concept: flat-fee realty.

“On the listing side we charge $1,700,” he said. “It’s $500 up front and $1,200 at the closing.”

And to buy one of their listings, Trelora charges a flat $3,000, which is far less than the typical rate of roughly 3%. Hunt says this model works because the process of buying and selling homes has changed.

“91% of all buyers find their home online, they’re not using us to find property, they’re using us to negotiate and facilitate transactions,” said Hunt.

With their thousands in savings, the Glauths were able to get the home they wanted and make some nice upgrades.

“We’ve put in hardwoods already, we’re getting some new carpets, we’re doing all sorts of fun things to our new house,” said Glauth. “And we’re going to go on a trip!”

“Why would you pay 6%, 5%, 4% to an agent when your house is going to sell itself simply because we’re in a time when houses are selling and saturation rate is so high?” Hunt asked.

Trelora is proud to say they have now saved Denver-area consumers more than $1 million in commission fees, and their customers never plan to buy or sell a home any other way.

“It was a great process,” said Glauth. “They were wonderful, very attentive, and I can’t imagine going any other way.”

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