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City of Saco·Maine

Residential Real Estate Brokerage Service

Closes 5/25/2022$5k – $15kRequest for Proposal
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Description

The City of Saco is seeking a Maine‑licensed residential real‑estate brokerage firm to market and sell a city‑owned 16‑acre residential parcel located at 509 Buxton Road. The contractor will provide a full suite of brokerage services, including market analysis, sales‑strategy development, negotiation with buyers, transaction coordination, and attendance at City Council meetings as needed. The award will be a one‑year professional services contract with the possibility of renewal based on performance. The broker must submit a detailed fee/commission proposal, proof of insurance, and meet the specified qualification criteria. • Required services: market study, marketing plan, negotiation, closing coordination, council presentations. • Mandatory qualifications: Maine residential broker license, strong local market reputation, experience with Saco/Biddeford residential sales. • Submission: sealed hard‑copy and PDF emailed to Denise Clavette by May 25, 2022 11:00 AM; questions due May 9, 2022 4:00 PM.

Attached files

Contact

Denise Clavette(Economic Development Director)

[email protected]

Key dates

Opened
4/27/2022
Questions due
5/9/2022
Closes
5/25/2022
Projected award
6/3/2022
Duration
1 year

Last updated

Details

Type
Request for Proposal
Industry
Real Estate
NAICS
531210

Budget estimate

$5,000 – $15,000

The RFP does not disclose a fixed fee; compensation will be based on the broker’s commission structure. Assuming a typical residential sales commission of 5–6 % on the estimated total property value (~$193,300), the broker’s earnings could range from roughly $9,600 to $11,600, plus any agreed‑upon marketing expenses. To allow for variability in commission rates and additional fees, a reasonable estimate is $5,000 – $15,000 total contract value.

AI estimate from the solicitation

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