Plum Property Blue Mountains Pre-Appraisal Information Kit

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Schedule of Commission Percentages Plum Property’s Commission Rate Other Agents/Agencies Commission Rates 2% 2.2% 2.5% 2.75% 2.97% 3% 3.3% $200,000 $4,000.00 $4,400.00 $5,000.00 $5,500.00 $5,940.00 $6,000.00 $6,600.00 $225,000 $4,500.00 $4,950.00 $5,625.00 $6,187.50 $6,682.50 $6,750.00 $7,425.00 $250,000 $5,000.00 $5,500.00 $6,250.00 $6,875.00 $7,425.00 $7,500.00 $8,250.00 $275,000 $5,500.00 $6,050.00 $6,875.00 $7,562.50 $8,167.50 $8,250.00 $9,075.00 $300,000 $6,000.00 $6,600.00 $7,500.00 $8,250.00 $8,910.00 $9,000.00 $9,900.00 $325,000 $6,500.00 $7,150.00 $8,125.00 $8,937.50 $9,652.50 $9,750.00 $10,725.00 $350,000 $7,000.00 $7,700.00 $8,750.00 $9,625.00 $10,395.00 $10,500.00 $11,550.00 $375,000 $7,500.00 $8,250.00 $9,375.00 $10,312.50 $11,137.50 $11,250.00 $12,375.00 $400,000 $8,000.00 $8,800.00 $10,000.00 $11,000.00 $11,880.00 $12,000.00 $13,200.00 $425,000 $8,500.00 $9,350.00 $10,625.00 $11,687.50 $12,622.50 $12,750.00 $14,025.00 $450,000 $9,000.00 $9,900.00 $11,250.00 $12,375.00 $13,365.00 $13,500.00 $14,850.00 $475,000 $9,500.00 $10,450.00 $11,875.00 $13,062.50 $14,107.50 $14,250.00 $15,675.00 $500,000 $10,000.00 $11,000.00 $12,500.00 $13,750.00 $14,850.00 $15,000.00 $16,500.00 $525,000 $10,500.00 $11,550.00 $13,125.00 $14,437.50 $15,592.50 $15,750.00 $17,325.00 $550,000 $11,000.00 $12,100.00 $13,750.00 $15,125.00 $16,335.00 $16,500.00 $18,150.00 $575,000 $11,500.00 $12,650.00 $14,375.00 $15,812.50 $17,077.50 $17,250.00 $18,975.00 $600,000 $12,000.00 $13,200.00 $15,000.00 $16,500.00 $17,820.00 $18,000.00 $19,800.00 $625,000 $12,500.00 $13,750.00 $15,625.00 $17,187.50 $18,562.50 $18,750.00 $20,625.00 $650,000 $13,000.00 $14,300.00 $16,250.00 $17,875.00 $19,305.00 $19,500.00 $21,450.00 $675,000 $13,500.00 $14,850.00 $16,875.00 $18,562.50 $20,047.50 $20,250.00 $22,275.00 $700,000 $14,000.00 $15,400.00 $17,500.00 $19,250.00 $20,790.00 $21,000.00 $23,100.00 $725,000 $14,500.00 $15,950.00 $18,125.00 $19,937.50 $21,532.50 $21,750.00 $23,925.00 $750,000 $15,000.00 $16,500.00 $18,750.00 $20,625.00 $22,275.00 $22,500.00 $24,750.00 $775,000 $15,500.00 $17,050.00 $19,375.00 $21,312.50 $23,017.50 $23,250.00 $25,575.00 $800,000 $16,000.00 $17,600.00 $20,000.00 $22,000.00 $23,760.00 $24,000.00 $26,400.00 $825,000 $16,500.00 $18,150.00 $20,625.00 $22,687.50 $24,502.50 $24,750.00 $27,225.00 $850,000 $17,000.00 $18,700.00 $21,250.00 $23,375.00 $25,245.00 $25,500.00 $28,050.00 $875,000 $17,500.00 $19,250.00 $21,875.00 $24,062.50 $25,987.50 $26,250.00 $28,875.00 $900,000 $18,000.00 $19,800.00 $22,500.00 $24,750.00 $26,730.00 $27,000.00 $29,700.00 $925,000 $18,500.00 $20,350.00 $23,125.00 $25,437.50 $27,472.50 $27,750.00 $30,525.00 $950,000 $19,000.00 $20,900.00 $23,750.00 $26,125.00 $28,215.00 $28,500.00 $31,350.00 $975,000 $19,500.00 $21,450.00 $24,375.00 $26,812.50 $28,957.50 $29,250.00 $32,175.00 $1,000,000 $20,000.00 $22,000.00 $25,000.00 $27,500.00 $29,700.00 $30,000.00 $33,000.00 $1,050,000 $21,000.00 $23,100.00 $26,250.00 $28,875.00 $31,185.00 $31,500.00 $34,650.00 $1,100,000 $22,000.00 $24,200.00 $27,500.00 $30,250.00 $32,670.00 $33,000.00 $36,300.00 $1,150,000 $23,000.00 $25,300.00 $28,750.00 $31,625.00 $34,155.00 $34,500.00 $37,950.00 $1,200,000 $24,000.00 $26,400.00 $30,000.00 $33,000.00 $35,640.00 $36,000.00 $39,600.00 $1,250,000 $25,000.00 $27,500.00 $31,250.00 $34,375.00 $37,125.00 $37,500.00 $41,250.00 $1,300,000 $26,000.00 $28,600.00 $32,500.00 $35,750.00 $38,610.00 $39,000.00 $42,900.00 Claire Schmidt-Rees T/A Plum Property Blue Mountains, ABN: 60 490 135 279, Individual Licence Number: 20045232 Postal Address: PO Box 120, Hazelbrook NSW 2779 Mobile: 0434 105 201 Email: claire@plumpropertybm.com.au www.plumpropertybm.com.au
February 2010 FTR32 Agency agreements for the sale of residential property Selling a home is something many people do only once or twice in a lifetime, so it pays to do some homework before signing up with an agent to sell your property for you. When you sign up with an agent, you enter into a legally binding contract. This fact sheet explains what your rights and responsibilities are under that contract. You have a cooling–off period of 1 day starting from when you sign the agreement. You can cancel the agreement in this time if you are not happy with it (more information over the page). Choosing a real estate agent To sell a home in New South Wales, an agent must have a real estate agent’s licence issued by NSW Fair Trading. You should check the licence details of all agents you are thinking of using before signing up with your preferred choice. You can do a licence check online through the Fair Trading website or by calling 13 32 20. To find the right agent for your needs, you should shop around. If possible, get the names of one or two agents from other home owners in your area who have recently sold. We suggest you talk to at least three agents and: ● ● ● ● make sure they have a valid licence get a list of all their fees find out if they have a good knowledge of your area ask if they adhere to a code of ethics. Signing up with an agent Before the agent can market your property, they must sign a contract with you, called an ‘agency agreement’. An agency agreement is a legally binding contract and it is important that you read and understand it. If you are not sure about the agreement terms you should get legal advice. Signing an agency agreement means that you authorise an agent to do certain things for you in relation to the sale of your property, such as arranging advertising and inspections and receiving deposits from buyers. The agreement must specify what the agent is authorised to do for you and must state all commissions and any other costs you may be liable to pay. What is in the agency agreement The agency agreement must state: ● ● ● ● ● ● ● the services the agent will provide for you the amounts of any fees or commission you agree to pay for those services the circumstances in which the agent is entitled to payment – for example, commission is usually payable only when the property is sold how and when payment is to be made – for example, whether the agent can deduct their commission from the deposit money paid by the buyer warnings about circumstances in which you might have to pay commission to more than one agent (see information on page 2 about the different types of agency agreement) the extent of the agent’s authority to act for you – for example, whether the agent is permitted to exchange a sale contract on your behalf or make changes to the sale contract the agent’s estimated selling price or price range for the property. You have the right to negotiate with the agent about the terms and conditions of the agreement and to ask for any legally permitted changes to be made. Alterations made to the agreement need to be signed by all parties. Commission, fees and expenses The amounts charged by agents are not set by law. You can negotiate with the agent about the amounts of any commissions, fees or other expenses that you may be required to pay. Before signing an agreement, it is a good idea to talk to a few agents and compare their prices. Ask www.fairtrading.nsw.gov.au
Page 1 and 2: Plum Property B L U E M O U N T A I
Page 3 and 4: Claire’s Testimonials Vendor Test
Page 5 and 6: Buyer Behaviour The Four Buyer Type
Page 7 and 8: Plum Marketing Plum Property Signbo
Page 9 and 10: The Plum Difference Claire’s atte
Page 11 and 12: Frequently Asked Questions How is P
Page 13: www.plumpropertybm.com.au Recent Sa
Page 17 and 18: February 2010 FTR32 Auction agency

Plum Property Blue Mountains Pre-Appraisal Information Kit

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