THE FACT IS: WELL MAINTAINED AND WELL PRICED PROPERTY, WILL ALWAYS SELL!
Q ) What is the deal exactly, with One Percent?
We are a fully licensed real estate company that offers full service but at a discount commission. In terms of services and exposure, we are identical to whomever you would like to compare us with. We are on MLS®, all the top internet real estates sites, we place a sign on your property (if it's allowed), we show the property, hold open houses, advertise it, handle all the negotiations, plus the conveyance. There is nothing that you are not getting, except for a high commission!
Our listings are shown by cooperating REALTORS® every day just like other listings on MLS®. We cannot measure showings that we don't get. What we have seen across Canada over the years is that over 80% of our listings sales are sold by cooperating agents. Would they rather have more money? Of course-no argument. But the fact is, our listings are displayed everywhere that all the other listings are. All our listings are on MLS®, all the top Internet sites, have a sign on the lawn, are in the real estate paper, and we do open houses. So if someone is looking for a home in your neighborhood, in your price range, they are going to know it is for sale. That buyer is going to look at whatever is on the market before they make their decision. Buyers don't pay the real estate commission, so why would they care which house they buy? If their agent is unhappy with what we pay, the buyer will call us. But the fact is that the agents show & sell our listings, every single day. All of our sold signs over the years prove it!
Q) What do you charge?
We charge a total of $7,950 for residential properties under $700,000. For residential properties over $700,000, we charge 1% of the sale price plus $950. Plus Applicable taxes, of course. We also offer the flexibility to offer more commission to the buyer's agent, if you want to. It is as simple as that!
Q) Are your listings on MLS®, realtor.ca and shared across the web?
YES, YES, and YES!!!.
Q) Can I offer the Buyer agent more than $3,500 (or 0.5% in homes over $700,000) on MLS®?
Yes, if you want to offer more commission to the Buyer’s agent on MLS® than $3500 or 0.5% in homes over $700,000 – the choice is yours. We would still charge you the same fee for our listing portion of the commission and you could offer those Buyer’s agents a higher MLS® commission if you wanted to. Since we don’t believe offering any additional commission is necessary, if One Percent Realty sells your home ourselves without an outside Buyer agent we will only charge you $7950 for a home under $700,000 (or 1% + $950 for a home over $700,000).
Q) With your low commission structure, how do the 1% agents earn a living?
These days with technology REALTORS® can work virtually and do not require the expensive office overhead of the past. Plus with our attractive full-service commission rates, our agents spend a lot less of their time and money prospecting for business and more of their time selling homes. With less office and advertising overhead and higher sales volume, they make a good living while saving their clients lots of money.