I received a call the other day from someone looking for an apartment. He started the conversation by expressing his doubts.
How can this be true? What is this new paradigm?
He started by looking at my website and raised some concerns about how he could buy a house with such big savings.
I am giving a 100% commission rebate and obviously, this isn’t how realtors in this industry normally work.
The traditional way of buying a property in Canada goes like this:
The buyer normally needs to hire a realtor to view properties
Then the realtor needs to draft and send an offer
The buyer doesn’t pay anything to the buyer agent because the commission is normally collected from the seller and equates to 2.5% of the purchase price.
As you can see, by working this way there is a conflict of interest. The money is coming from the seller and not the buyer. Sometimes it seems that the real estate agent could be motivated to close the deal as quickly as possible. In that case, who is looking after the interests of the buyer?
In addition, as property prices continue to go up, that 2.5% turns into a pretty big number.
Here are some important questions to think about when you’re buying a home.
Although the sale price of homes is going up, are realtors providing more value when they serve their customers?
Would you be interested in paying for only the services that you need?
Have you ever thought about the hourly commission that realtors make?
To find out more about how you can take advantage of these savings, feel free to send me an email or give me a call and we’ll start to figure out exactly which services you need.
You can also comment below and post your questions!