My name is Ed Alculumbre and I been living in Ottawa for almost twenty years. As a child my father taught me about real estate investments, income properties, and property management. While I was growing up I learned how to install floors, tiles, and backsplash. I also learned how to landscape, drywall, mud, and paint. When I bought my first two income properties I used these skills to renovate my triplex and fourplex which I now rent out. I recently switched to One Percent Realty Brokerage Ltd to help my clients sell and buy real estate. Please call or text me if you have any real estate related questions.
You may find the answers to frequently asked questions below.
Q. Are Your Listings on MLS® and www.realtor.ca?
A. Yes and yes!
Q. How Does an Agent for the Buyer Get Paid? Do I Have to Pay Them?
A. The $7,950 commission includes $3,500 of commission to the Buyer's representative. With a sale under $700,000 with 1% representing the Seller and the Buyer being represented by a Cooperating Brokerage: the 1% listing agent earns $3500, the cooperating Brokerage earns $3500, and the remaining $950 pays for the 1% agent's expenses incurred in selling your home. Above $700,000 our brokerage pays 1/2 % to the Co-Operating Brokerage from the total you pay.
Q. Are There Any Upfront Fees to List Your Home with 1%?
A. No, absolutely not.
Q. Will Other Agents Show One Percent Listings?
A. Easily the most frequently asked question...Why would an agent show his/her client a One Percent listing when that agent can show a different listing and possibly earn more? There are several reasons that other agents do show One Percent listings. (1) Agents have an ethical duty to show all listings, regardless of commission, unless they are authorised by their client to do otherwise, (2) agents still earn a commission (3) buyers can easily find One Percent listings on a number of websites including http://www.REALTOR.ca or http://www.onepercentrealty.com. What REALLY matters is "Does One Percent Realty Work?" Over 85% of my listings have been sold by Co-Operating Brokerages/Agents.
Q. Does One Percent Realty Work?
A. Yes, One Percent Realty works! Clients can save many thousands of $$$ in real estate commission as thousands of other Canadians have! Your property will attract a buyer if priced realistically. Paying thousands more in commission is not what will sell your property, it will sell because of the exposure we provide to attract the right buyer for your home.
Q. How Does The $7950 Or 1% Plus $900 Break Down?
A. $3500 or 0.5% for me ("listing agent"), $3500 or 0.5% for buyer's agent ("selling agent"), $950 disbursements (includes the fee to my office when I sell your home, advertising costs & MLS® system fee). You pay absolutely nothing to me until your home is sold! One Percent Realty sells many properties. One Percent REALTORS® don't have the overhead costs other many other agents have and our low commission structure allows us to focus on serving our clients instead of wasting valuable time soliciting new business.
Q. What Do You Mean By "Full Real Estate Services"?
A. When I promise to provide Full Real Estate Services this includes listing your property on the Multiple Listing Service (MLS®) of our Board, http://www.REALTOR.ca , http://www.onepercentrealty.com , high quality pictures, advertising your property, open house, for sale sign, lock box, showings, all documentation and contracts, negotiations, keeping you informed, cooperating with brokerages representing buyers, responding to inquiries.