Vancouver Island Real Estate Information

Frustration can arise when some homes sell quickly and the owner has to pay what they perceive to be a big commission. What they don’t realize is that when it comes to real estate, time is definitely of the essence. Normally, a new home listed on the Vancouver Island market will get the most attention during the first few days. During this time, the seasoned salesperson will do everything to ensure that all marketing options available are utilized. If done right, the seller may be fortunate enough to have their home sold very quickly. That doesn’t mean they didn’t get good value for their money. Remember, you pay for performance - not by the hour.

Normally a quick real estate sale means that a salesperson helped the owner price the home correctly and presented the property to prospective buyers using any or all marketing resources available. But keep in mind, that although marketing activity is guaranteed, the salesperson will receive nothing unless the property sells. A salesperson will spend their own time and money marketing your property, paying for signage, MLS fees and advertising. However, no matter how hard they work to ensure the property sells, there is always the possibility that the listing could expire and getting no compensation for expenses paid.

On the other side of the coin, selling quickly does have some real benefits. The seller’s anxiety and uncertainty are over. The home doesn’t have to be perfect at all times for showings and open houses. There’s no worry about carrying costs if one home isn’t sold before the purchase of the next. However, the fact that a sellers home is sold first is a strong factor in negotiations to purchase a new home.

In addition, there may be other ways to offer you value for your commission dollar that go far beyond the boundaries of the traditional real estate transaction. As part of a progressive real estate company, I can also offer you value-added customer programs that can save you money or deliver special services in areas such as moving costs, storage, mortgage financing, home warrantees, and much more.

So, if you’re one of the fortunate homeowners who sells your home very quickly, rest assured that you did receive good value for your commission dollar.