Some businesses still require a brick and mortar location. For example, it would be hard for a Lululemon store to come to your home and show you all the great clothes they have. It would also be hard to have Toyota or GM drive all their models over to your home and let you choose. These business need a place for consumers to go. A place for consumers to see the products and choose.
Real Estate is different. Real estate agents come to your home (they have to: that's the product that needs to be sold). Buyers also need to drive to see the homes that they are interested in. So the question is "Is a real estate office necessary?". In the traditional sense of having a fancy office with high overhead, they are not needed. A fancy office simply means that high commissions are required to pay for it.
We are currently living in the information age: Internet, Blackberries, Online Fax. Culture Realty Solutions Inc. is completely online (yes, we still have a low-key office for all our files). However, our agents receive offers to their Blackberries and all our listings are online on MLS.ca/realtor.ca. We come right to our buyers and sellers' homes and provide great service right at your door. Our customers can contact us at any time through cell phones or emails. When you call Culture Realty, you will not get the customer service agent telling you that "they are not in the office right now, can I take your number and have them call you back?". When you call Culture Realty, you get the person you need, wherever they are. This means that we are able to help our customers save money and handle our business from anywhere.
Isn't technology great!
Culture Realty Solutions Inc.
Real Estate Brokerage
1-877-277-0190
Showing posts with label Real Estate Culture. Show all posts
Showing posts with label Real Estate Culture. Show all posts
Monday, December 7, 2009
Wednesday, December 2, 2009
The Culture Of Real Estate
Every country has a specific real estate culture. It's actually more specific than "country". Even each province, city, neighbourhood has it's own "Real Estate Culture". In Ireland, real estate agents charge less than 1% commission. In Canada the "standard" commission rates vary per province.
In Ontario, the standard commission is 5% (All commission rates in Ontario are negotiable). The standard 5% is usually paid by the seller and it is distributed as
2.5% to the brokerage that listed the property
2.5% to the brokerage that represented the buyer
The buyer does not usually see the "direct" result of the commissions paid because they simply pay a set amount for the home. However, the seller does experience the "direct" result of the commissions paid because if they sell their home for $400,000, then the seller will pay 5% commission which amounts to $20,000 (plus GST). This means the seller receives approximately $379,000 from the sale of their home.
Culture Realty Solutions understands that is the culture of real estate in Ontario. However, we also understand that consumers have many questions about the current real estate structure. Some of the questions we receive are:
Can I put my home on mls for a flat fee?
Can I sell my home for only 1%?
Can I sell my home privately?
Consumers are looking to receive the maximum amount of value for their home. They want to keep as much money in their pocket as possible. Buyers want to know that they are getting the best deal for the property.
Culture Realty Solutions Inc is working on solving these questions. We work with many "For Sale By Owner" customers in order to allow them to sell with us on mls and still maintain the right to sell privately. This way, the seller receives the maximum exposure and has the opportunity to save the most money when they sell. We represent many buyers in the GTA and work to find them the home that they want at the price they want.
If you have any questions, please give us a call (1-877-277-0190) or send us an email (info@CultureRealty.com).
Culture Realty Solutions Inc.
Real Estate Brokerage
1-877-277-0190
In Ontario, the standard commission is 5% (All commission rates in Ontario are negotiable). The standard 5% is usually paid by the seller and it is distributed as
2.5% to the brokerage that listed the property
2.5% to the brokerage that represented the buyer
The buyer does not usually see the "direct" result of the commissions paid because they simply pay a set amount for the home. However, the seller does experience the "direct" result of the commissions paid because if they sell their home for $400,000, then the seller will pay 5% commission which amounts to $20,000 (plus GST). This means the seller receives approximately $379,000 from the sale of their home.
Culture Realty Solutions understands that is the culture of real estate in Ontario. However, we also understand that consumers have many questions about the current real estate structure. Some of the questions we receive are:
Can I put my home on mls for a flat fee?
Can I sell my home for only 1%?
Can I sell my home privately?
Consumers are looking to receive the maximum amount of value for their home. They want to keep as much money in their pocket as possible. Buyers want to know that they are getting the best deal for the property.
Culture Realty Solutions Inc is working on solving these questions. We work with many "For Sale By Owner" customers in order to allow them to sell with us on mls and still maintain the right to sell privately. This way, the seller receives the maximum exposure and has the opportunity to save the most money when they sell. We represent many buyers in the GTA and work to find them the home that they want at the price they want.
If you have any questions, please give us a call (1-877-277-0190) or send us an email (info@CultureRealty.com).
Culture Realty Solutions Inc.
Real Estate Brokerage
1-877-277-0190
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