Real estate market perfect for One Percent Realty solution
Victoria’s real estate market is explosive, and the significant disparity between the demand for homes and the inventory available has an up-side for home buyers.
According to Guy Effler of One Percent Realty Ltd. (Victoria), it just doesn’t make sense for anyone to be paying more than necessary when buying or selling a home in this real estate environment.
“Typically, sellers will pay about six per cent on the first $100,000 of the selling price of their home and three per cent on the balance, said Effler.We charge $6,900 on properties up to $600,000 and one per cent + $900 on properties over $600,000 and provide the same, professional service.”
That service extends to home buyers as well, explained Effler. “My partner and I rebate a portion of our commission to the buyers of a property listed by any agent or company on the MLS. This buyer rebate is totally explained on our website, onepercentrealtyvictoria.ca
In order to offer the company’s discounted service, Effler admits he and his Victoria partner Ray Kong have to do two to three times the business of the average realtor, but he is perfectly comfortable with that challenge.