The short video at the bottom of this post by respected economist Steven Levitt of Freakonomics fame talks about researched and documented evidence for why real estate agents are simply not incentivised to achieve the highest sale price for your home. Most people mistakenly believe that the commissions real estate agents receive provide an incentive for them to achieve the highest sale price for your home. The theory is that the more they sell for, the more commission they receive. Sounds like an open and shut case, right? Wrong. A real estate agent who charges 2.5% commission, will only make $250 for every $10,000 they fight for. Put another way, an agent only loses $250 when they convince you to take an offer that is $10,000 less then what you would like or what could possibly be achieved. When the average commission in Australia is around $15,000, how much incentive does an extra $250 or even $500 give? The unfortunate truth is that a typical real estate commission only incentivises the agent to make a sale and not necessarily to achieve the highest price. Please watch the video below for a great explanation. For more information, please go to: www.revolutionaryrealestate.com.au
Why Real Estate Agents Will Never Achieve The Highest Sale Price
Years of industry and personal experience led me to develop a unique, proven method to help people achieve a higher sale price for a fraction of the cost, without the risks of an unprofessional private sale.
Avoid the 2 reasons why most private sellers fail A growing number…
4-Time Client With New Suburb Record Sale Price And $150,000 (16%) Uplift
Allistair – Burleigh Waters, QLD
The 80 year old Allistair is a veteran client of Revolutionary Real Estate and a big fan of the Stretch Price Method.
When Jessica decided to sell her family home, she was very attuned to the market and aware of the variety of methods available to her to sell.
Kim engaged Revolutionary Real Estate after deciding that the Stretch Price Method was the best way for her to achieve the highest sale price for her family home.
Lyn and Gordon have sold two properties with the help of Revolutionary Real Estate and the Stretch Price Method.
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