Sell ​​your home? 4 Ways to Cut Costs and Improve Profits – Vernon Morningstar

Even in the hot market, selling a home can be stressful and time-consuming. There is a lot of money at stake, too – both in the selling price and in the initial costs of dealers, lawyers, and other professionals. A good real estate agent can help you with all of that, saving you thousands of dollars in the process.

The obvious cost is the real estate commissions. Calculated as a percentage of the sales price, higher home prices mean higher costs for most sellers. But not for everyone.

Traditionally, listing commissions are seven percent on the first $100,000 and three and a half percent on the remainder. “But we didn’t feel right to charge our customers that much, so we created our own corporate model,” says Paula Schladan-Roughton, co-owner, managing broker and real estate broker at Value Plus 3% Real Estate Inc (VP3).

VP3 works with commissions of only 3 percent, which translates into significant savings for its clients – from $5,500 to $6,500 on average.

3 ways the right real estate broker keeps cash in your pocket

VP3 may have low commissions, but they certainly don’t skimp on services. And the value of that expertise, knowledge, and high-level service makes a huge difference to home sellers’ finances.

  • session List price: You want a final sale price that reflects the modern market value of your home, but your list price still needs to entice buyers to bid. Sometimes late bids are a great way to encourage bidding competition, but not always. How do you decide? “The sheer volume that our real estate agents are involved with helps sellers make informed decisions. Our agents do more transactions than any other brokerage in the area, so we are in tune with what is happening at every price point in the area,” says Nick Roughton, realtor and co-owner of VP3. Market.” “We do not work in real estate part-time. We have a busy brokerage firm full of people who consider real estate a full time passion. “
  • Equipping the house for the market: Because inventory has historically been low, some sellers have decided not to put in the effort in painting, repairing, or grading. A good real estate agent will help you determine which business will have the most impact on the sale price. “We recently acquired a home that was listed with another company – the listing has expired without any offers. Our professional photographer took sparkling photos, then we had the nearly empty rooms with digital furniture. The results were amazing! Paula stated that the stunning photos attracted much more traffic.” VP3 also has excellent relationships with merchants who can help your home go through inspections.
  • Spread the word: Buyers search for homes in a variety of ways, and VP3 makes sure your home is listed everywhere buyers look. This includes online listings enhanced with virtual tours, print ads, and a scope beyond the Okanagan. “People from all over the world are looking to live in the Okanagan, and we have marketing tools to help draw attention to your home.”

To contact the award-winning Value Plus 3% Real Estate Inc., call 250-308-1888, email [email protected], or visit https://www.vp3.ca/contact-us/. Find VP3 at #102-4313 27th Street, Vernon, BC.

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