Check out this great video tour of 4714 Crofton Place!
September 12th, 2012 – Victoria, B.C. Real Estate Market Update
It is definitely a buyers’ market right now; however, most buyers don’t buy until prices starting going back up!
Limited Time Pre-Sale Condo Cash Back Offer!
What’s the Deal?
Pre-sales units sold by the developer typically sell at the list price with little or no negotiation room. In the past buyers had two options. For example, if a buyer was interested in a $300,000 pre-sale condo he or she could visit the developer’s showroom and enter into a contract for $300,000 – in this situation the buyer has no representation. Option two was to use a buyer’s agent (REALTOR®), the buyer would still enter into a contract for $300,000; however, the developer may pay the buyer’s agent a commission of 3.0%100k + 1.5%balance* or $6,000. As you can see, developers prefer to generate sales directly from the showroom as they don’t have to pay out a commission. Most developers count on approximately 70% of their sales being directly through the showroom as it is their direct benefit.
How does the Pre-Sale Cash Back Offer Work?
The Pre-Sale Cash Back Offer works by you using my services to represent you on your pre-sale purchase. I’ve made it very simple, I keep the commission on the first $100,000 and I give you the remainder of the commission on above $100,000. Not only are you able to achieve the best possible net price; you also receive representation from an experienced pre-sale REALTOR® who can help guide you through the process while avoiding common pitfalls. Please view the video below for more information.
Sale Price | Typical Commission Buyer’s REALTOR®* | Marko’s Portion | Cash Back |
$200,000 | $4,500 | $3,000 | $1,500 |
$300,000 | $6,000 | $3,000 | $3,000 |
$400,000 | $7,500 | $3,000 | $4,500 |
$500,000 | $9,000 | $3,000 | $6,000 |
$600,000 | $10,500 | $3,000 | $7,500 |
$700,000 | $12,000 | $3,000 | $9,000 |
$800,000 | $13,500 | $3,000 | $10,500 |
$900,000 | $15,000 | $3,000 | $12,000 |
$1,000,000 | $16,500 | $3,000 | $13,500 |
$1,500,000 | $24,000 | $3,000 | $21,000 |
$2,000,000 | $31,500 | $3,000 | $28,500 |
Real Estate in Croatia – Special Edition Blog!
Location, location, location…..expensive real estate in Croatia (in certain places).
Successful Flat Fee MLS® Testimonial – Victoria, BC
Mike sold his home successfully using my Flat Fee MLS® package and saved $16,700 in commission (based on 6%100k + 3%balanace).
Victoria Real Estate Market Update – July 14th, 2012
Slow and steady!
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