WaLaw Realty LLC
About us
Together, WaLaw Realty and Holmes Law Group provide a pioneering real estate and services experience for people looking to buy or sell a home. For a flat fee, buyers and sellers get sound real estate advice and practical protection, and they save the commission otherwise paid to a broker at closing. From its beginning, our focus was on helping people buy or sell homes without incurring the costs of a real estate agent. As we handled more and more of these transactions, we realized the many benefits to our clients if we were able to offer real estate brokerage services as well. WaLaw Realty was born soon after. When you hire WaLaw Realty, you also hire the Holmes Law Group PLLC. Thus, we represent you as both your attorney and your agent. In addition, we work on a different compensation model. Unlike an agent, WaLaw Realty charges its clients directly for the services it provides. This allows WaLaw Realty to charge significantly less than a typical real estate agent. While you can expect to pay your agent up to 3% of the sale price, WaLaw Realty rebates 50% of the commission for buyers and charges 1% for sellers subject to a $9,000 minimum ($500 at the beginning for buyers and the balance is paid at closing as part of your closing costs).
Business highlights
Services we offer
Real estate services
Accepted Payment Methods
- CreditCard
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It was not all easy. There were several times when some complications appeared and I was tempted to move in a different direction, but Marc was there to tell me what was my best movement and tell me why it was that. At the end, despite my doubts (and I will admit I have them) everything went pretty good and the selling was done in a record time (I had about 2 weeks to do it!). All paperwork was prepared and on its way before I left and I manage to finish all of it from my new residence.
The peace of mind of having all the tools to be able to manage this operation from abroad and having WaLaw providing me advice and support is something I cannot really appreciate enough.
We first found them as an alternative to traditional realtors and Redfin agents. Unlike Redfin, who give half of the buyer's commission back as a rebate after closing, WA Law gives the entire commission back, minus a flat rate $5000 fee. We loved that aspect of using WA Law but actually what we got from hiring them was much more. As attorneys, they were able to review the documents legally (instead of hiring an attorney to do just that), but even more than that we really felt that they were our attorneys who represented us in good faith and had our interests in mind first and foremost.
For example, our first house that we were interested in turned out to have some serious foundation concerns that Marc brought to our attention. So instead of closing the deal right there, which would have happened without his input, we ended up not putting in an offer and continuing the search. This happened with another house that we were interested in, where Marc made us aware of potential problems (turned out the house had ground contamination that could have led to major buyer's regret) and an easement that we could have easily missed. The third house that Marc basically warned us about offering had an easement due to tunnel work under the house from the light rail project in Montlake that the seller was seemingly trying to cover up in the disclosures. So three houses that we, as desperate buyers, would have probably bought to our later great regret that we did not buy only because of Marc's thoughtful input, research, and warning. I can't imagine that many agents would have done this. Jason was also great and very accessible, responsive, helpful, and we never doubted his intentions or recommendations/input. Both Jason and Marc also were conservative when we were in the offer making stage, often recommending lower offers and escalation clauses and urging us to not waive contingencies (which everyone was doing at the height of the seller's market in the summer/fall of 2013), which we were glad we followed.
The only thing people should be aware of is that (at least when we worked with WA Law) you have three offers to make on three (different) houses, and after that you have to start anew (another $5000 for three more offers). I understand why they do that though (to make sure that people are making serious offers and to make their business model viable) and we bought our house on the 3rd try (that is, the 3rd house we made an offer on) so it worked out for us.
The bottom line is that Marc and Jason are amazing, ethical, and trustworthy attorney-realtors who I can unreservedly recommend to anyone looking for a house. We love our house and thank both of them for helping us find and get it.
We ultimately went with the new construction route after three months of almost weekly open houses and tours. Once two promising listing was found, Marc helped us negotiate / evaluate with the two builders in the Sammamish area who happened to place listings on the MLS. (I believe this is key, as WaLR needs to earn the agent commission that they then rebate to *you*). He correctly pointed out the potential pitfalls in new construction and structuring the commission rebates so it would still pass muster with our mortgage lender.
As other reviews have noted, Marc's fee structures are much lower than Redfin's or RE agents that will rebate some of their commissions. This is possible because Marc runs an uber-lean operation and he expects you to do a lot of the home-search legwork.
I've been recommending Walaw (and more generally, the flat-fee model) to everyone I know. It's a no-brainer. We ended up saving $17,125 with Walaw when compared to a traditional agent. I just can't see how home buyers are leaving that kind of money on the table. Go with Walaw!
I contacted Craig Blackmon at WaLaw and after reviewing the contract decided to give them a try. Craig wrote up the offer and subsequent counter offers. He included some contingencies specific to the property involved that protected my interests. Craig handled all of the communications with the selling agent and after negotiating an acceptable price we signed a purchase agreement with the sellers.
Later, Craig corresponded with the escrow/title company and reviewed all of the escrow and title documents with a layers eye which was comforting.
At closing the buyers agent's commission, minus the remainder of Walaw's fee, was credited back to me. I saved about $7,000 compared to a standard agent setup plus I had the benefit of a real estate attorney looking out for my interest.
Communication with Craig was quick and easy by telephone or e-mail. He uses an electronic signing service so all documents (prior to closing) can be done at your leisure from home.
I would definitely contract with WaLaw again.
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Despite the length and difficulty of these transactions, Marc was always right there with good work, good advice, great negotiation skills, and, above all, availability and quick response. Their business model is unusual, as they have no financial interest at all in the transaction itself, their fee is separate from the success or failure of any given transaction. Therefore they have no conflict of interest and they represent you and you alone. They never, ever "steer" you. I chose WaLaw specifically for that aspect, having had bad experiences with traditional real estate agents in the past. They more than delivered and at every step they amply demonstrated they were representing my interests and assertively followed up on everything. They are extremely diligent. Because of the difficulty and length of the transaction, I feel a traditional agent may well have tired of waiting for a commission that might never come with the house I wanted. I know the listing agent certainly did. Marc kept doggedly at it and actively and continuously followed up on everything. He became a true partner in what turned out to be a very difficult journey.
WaLaw Realty fufilled every expectation I had when I retained them. While they provide "discount" real estate services, there is nothing "discount" about the service they provide. They are absolutely first rate. I would have been delighted with their service whether I got a rebate at closing or not (I did).
Bear in mind though, you must do your own legwork in finding properties you are interested in. If you are willing to do that, you'll find them real estate agents and attorneys who will ably represent you in your purchase.
Licensing
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