It鈥檚 no secret that New Era Real Estate鈥檚 flat fee of $5,900 will save you thousands in commission when selling your home, but now there is extra incentive to buy your next place with them as well.
鈥淲e have received such an overwhelming response from our sellers that we want to stay true to our core values and now offer unprecedented savings to our buyers,鈥 says John Martino, founder and CEO of , which is now offering clients the opportunity to receive up to 50 per cent of their buyer agent鈥檚 commission.
That means you would split the commission your New Era Real Estate agent earns when representing you with your purchase of your new property — typically around 2.5 per cent of the sale price.
ARTICLE CONTINUES BELOW
ARTICLE CONTINUES BELOW
鈥淲e believe, if you know exactly what you want and the process moves quickly, you should be rewarded,鈥 Martino says.聽聽
Here鈥檚 how it works — if you purchase a new home within a week of starting to work with your New Era Real Estate agent, you will receive a 50 per cent rebate of the commission they receive. If you buy your new house within two weeks, you鈥檒l receive a 35 per cent rebate. Purchasing your new home within three weeks of enlisting the help of a New Era Real Estate agent will earn you a 25 per cent rebate of their commission and, any purchase made after three weeks will automatically result in a $2,000 rebate.
The buyer鈥檚 incentive combined with the savings you can enjoy when listing your home for sale with (for the flat fee, as opposed to the commonly charged commission rate of 2.5 to five per cent) could add up to a game changing amount of money saved over the course of the entire selling and buying process.
To illustrate that, Martino points to recent clients — a retired couple who were looking to downsize and live off the sale of their property.
鈥淲e sold their house for $2.4 million, saving them $54,100 on the selling commission. Then they purchased a home for $1.5 million within six days of selling and received a rebate cheque for $18,750, bringing the total savings to $72,850 in their pocket,鈥 explains Martino.
鈥淎s you can imagine, they were very happy to have that added to the equity they patiently built over the last 25 years.鈥
Those savings simply wouldn鈥檛 exist if they had used a traditional brokerage to buy and sell. Instead, that would all be cash in various agent鈥檚 pockets and, Martino says, when you start to consider these amounts in the context of pre-tax savings, the reality of that really starts to sink in.
鈥淚f someone, for example, sells and buys with and saves $65,000 total, that works out to be approximately $100,000 pre-tax. That means it would take the average person two years working full-time just to pay the agents鈥 commissions,鈥 he explains.
New Era Real Estate to other brokerages and see for yourself.聽聽
Instagram: @newerarealestate
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