Coastal Credit Union’s real estate subsidiary, Daymark Realty, reached another milestone this month, having saved Coastal members more than $4 million in real estate fees since the service launched in 2007. Savings are calculated as the difference between the listing fees that members pay versus typical fees noted in the market.
Daymark offers members an experienced agent and full-service real estate brokerage for a member-exclusive listing fee of just 4.5%, compared to the 6%, or more, charged by many brokers. Non-members can also use Daymark and pay only 5%, saving 1% from traditional brokers.
“Member savings from Daymark have grown to more than a half million dollars every year, and are becoming a growing part of Coastal’s overall Member Giveback,” said Louis Guillama, VP of Real Estate Operations. “We save the average seller over $5,600 in fees while providing more services and a more experienced agent. Members who use a Daymark Realtor® to buy a home also receive a $500 cash rebate at closing.”
“We call these the Daymark Advantage,” added Guillama. “We provide credit union members with an experienced Realtor®, offering comprehensive services, at a significantly lower price. Add in the rebate for also buying through us, and the savings from using Coastal for your mortgage, and it becomes a tremendous member benefit.”