There are not many decisions you make in life that have truly long term ramifications. Buying and selling a house is certainly one of them as the financial consequences of this transaction are with you for decades. Finding the right agent to facilitate this process is therefore of huge importance. There were a number of reasons we decided on Savoy Real Estate, foremost was the recommendation of a local conveyancer we knew and trusted who had used David before. Second was David himself, it didn’t take us long to realize that he knew what he was talking about and that he was an experienced agent. He also impressed us a great deal with his openness and honesty, he didn’t over exaggerate or indulge in ‘spin’ and the logic of how his business model works for vendor, purchaser and agent struck us as advantageous for all concerned. No-one minds paying a fair days pay for a fair days work, conversely no-one likes being over-charged. In our opinion charging 2 to 2.5% commission on an investment that takes decades to pay off for a few hours work is over charging. The reality, however, is that this has to be weighed up against an agent’s ability to get a good price. What use is there saving a few thousand in fees if you lose tens of thousands by not getting a good price? In both regards Savoy Real Estate exceeded our expectations. We paid about half the fee that we would have with a standard commission structure and we sold our property for $50,000 more than the median for our area and $30,000 more than a superior property that sold across the road from our house. Initially we had a few reservations about Savoy’s hourly rate model, how long would it take to sell and would communication lines be hampered by our reticence to be charged a fortune every time we picked up the phone. In both cases these concerns were unfounded, we sold the property for a great price in ten days and David only charged us for campaign time and not for every conversation we had. Highly recommended.
David Hooper
