It鈥檚 one of the biggest financial transactions of your life — buying or selling a home. Traditionally, it鈥檚 also one of the most expensive. But it doesn鈥檛 have to be.
offers its clients a different way to buy and sell property that will keep more money in your pocket without having to compromise on service.
For starters, they only charge a flat fee of $5,900, as opposed to the common 2.5 to 5 per cent commission charged by traditional full-service brokerages. They also don鈥檛 lock clients into lengthy contracts — sellers and buyers are allowed to cancel anytime for any reason without any fees or penalties. And, if they double end the sale, meaning New Era Real Estate sells your home to a buyer who doesn鈥檛 have an agent, they will completely waive the buying agent’s commission, saving you even more.
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鈥淎ll this is how we separate ourselves from the rest, while not sacrificing the integrity of full-service real estate,鈥 says founder and owner John Martino.
There鈥檚 even more incentive if you buy a home with New Era Real Estate — the ability to earn up to 50 per cent of your buying agent鈥檚 commission.
How does this work? That depends on the sale price of the homes you鈥檙e buying and selling.
For example, if you sold your home for $1.5 million, you would save a minimum $31,600, because you are paying a flat fee of $5,900, as opposed to the traditional 2.5 to 5 per cent commission. If the buyer of your home doesn鈥檛 have an agent, the savings would jump to $69,100, as New Era Real Estate would waive the buyer agent鈥檚 commission.
On the flip side, if you were to buy a $2-million-dollar home a week after you sell, you would receive 50 per cent of the commission your agent receives, which would be $25,000 to $50,000.
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That鈥檚 thanks to New Era Real Estate鈥檚 program. If you purchase a new home within a week, you鈥檒l get 50 per cent of their commission. If you buy your new house within two weeks, you鈥檒l receive 35 per cent. Purchasing your new home within three weeks of enlisting the help of a New Era Real Estate agent will earn you 25 per cent of their commission and, any purchase made after three weeks will automatically result in a $2,000 rebate.
When you add it all up, it鈥檚 clear to see why New Era Real Estate is radically different from the rest. Martino says the goal is to provide homeowners with a new option in an industry that is long overdue for change.
鈥淭he fact is, because percentage-based commissions are tied to the sale price, they have been inflated along with home prices, even though the work of an agent has remained the same or, in reality, has become easier with the advancements in technology,鈥 he explains.
鈥淲ith New Era Real Estate, people save tens of thousands of dollars, which they can spend on the things that really matter to them, not their agent鈥檚 commission. 91原创owners can save thousands on commission while selling and earn thousands of their agents鈥 commission when buying. It鈥檚 a win-win.鈥
