HOW MUCH WAS YOUR RAISE LAST YEAR?
April 18, 2016 @ 8:31 PM
Posted by: MinCom Team
HOW MUCH WAS YOUR RAISE LAST YEAR?? WAS IT MORE THAN 16%??.....
The Barrie & District Association of Realtors have just released the Sales figures for the month of March 2016, and the numbers are staggering.
Within the City of Barrie, comparing March 2016 to March 2015:
· Detached Residential homes average selling price increased by 16%
· Townhouses, Links and Semi-Detached homes average selling price increased by 25%
· Condos average selling price increased by 20%
Sellers are happy, but so too are Realtors…Why? Commissions!!!
The average commission on the sale of a detached home in Barrie increased by approximately $3,000* (over $21,000* in total) compared to this same time period last year.
Let’s say for instance, you make $25/hr at your current job, this would mean you would need to work an additional 120 hours (or 3 full weeks) to make an additional $3,000.
Houses are selling quicker this year as well. The average home in Barrie sold in 14 days in March 2016, down from 23 days in March 2015. So not only are Realtors getting a hefty pay raise, but their time and effort to sell a home has decreased significantly.
The profession of Real Estate has changed considerably over the past few decades. More specifically, with the advent of the internet and the online tools available, such as the MLS, it has reduced much of the legwork our predecessors needed to do in person to find their clients a suitable home. Since most people nowadays can take a virtual tour of the home, search the neighbourhood, schools and local amenities, all from the comfort of their home at any hour of the day.
We at MinCom Pro Realty recognize the growing disparity between residential Real Estate selling and the associated commissions to do so. This is why we offer a variety of service packages, allowing you to keep more of YOUR HOME’S EQUITY in YOUR POCKET.
In the 5 years since March 2010, MinCom’s sellers and buyers have saved* a total of $1,298,637
* Based on %5 commission
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