Our new service by xTradeHomes allows our current and future sellers to “trade” homes currently listed on the market for sale.
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- Recruitment & retention tool
- Creates a new lead source
- Increases value of the REALTOR®
- Agent centric tool
- Stimulates / escalates sales
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- Cost of sales goes down (shorter sales cycle)
- Income to REALTOR® goes up (two commissions)
- Income to broker goes up
- Increases the Broker’s bottom line
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- Benefits to Agents
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- xTRADE™ is an Agent centric technology tool
- Increases value of the REALTOR®
- Allows REALTOR® to provide a higher level of service to clients, by bringing more potential buyers / options to the table.
- Also allows the agent to capitalize on their creative and negotiation skills.
- Increases speed to sale, which is very important in a slow market, or in circumstances where the seller needs to sell & buy quickly (ie: job transfer).
- Ability to retain seller (ie: if the listing is not sold within the contracted time period, the agent risks losing the client. With trading, the agent has a higher likelihood of finding a solution for his client within the contractual timeframe.)
- Allows the agent to manage common concerns, eg:
- Transactions are not affected by fluctuating market conditions, because the client is selling and buying at the same time.
- Ensures their client will not be stuck having to do a short or long term rental between the sale of their home, and finding their next home. This concern is valid in a slow market AND a fast market where inventory is low.
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- Expand your pool of buyers. Find buyers where sellers are. The buyers are the sellers.
- Both REALTORS® are guaranteed two commissions (assuming 1:1 trade) When there is a multiple xTrade (up to 5 properties involved) each of the 5 REALTORS® should receive 2 commissions, one listing commission and one selling commission.
- Cost of sales goes down
- Any other leads to the REALTOR® is a free service of xTradeHomes
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- Benefits to Consumers
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- Increases speed to sale – good in a slow market, or when a quick sale is required (job relocation, or in the U.S. to avoid short sale or foreclosure)
- Alleviates concerns about fluctuating market conditions, because the client is selling and buying at the same time.
- Avoid chasing the market down, which happens when the client lists during a downward trending market.
- Avoid stress of an upward trending market, where prices rise between the time the consumer sells home, and finds a new home to buy.
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- Ensures the seller has their new home in waiting, prior to closing the sale of their existing home. This avoids a common situation where consumers have to rent until they are able to find their new home. This concern is valid in slow markets AND in fast markets with low inventory.
- Consumers are more likely to receive better values for their homes.
- No need for bridge financing.
- No worries about potentially having to carry two mortgages
- An easier sales process. Fewer open houses, and fewer times when the seller has to clean their home and vacate, to allow a showing.
- Easier negotiations between the xTrading™ parties.
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