How It Works
Buying a new condo with us is pretty simple. If you’ve ever bought a piece of real estate in the past, either on your own or with a traditional real estate agent, working with us is basically the same. We take the same steps, review the same data, and perform all of the traditional services—and then some.
Side by Side Comparison of our Business Model
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Q. How does CondoDomain.com give me cash back?
A. Whether you purchase property worth $300,000 or $3M, we provide the same professional service as any exclusive buyers’ broker, but we do it all for a flat fee. It does not take more work on our part to sell a higher priced property, so we simply don’t charge more. After the closing, we give you a check that you can use for just about anything.
Here’s the Fun Part: We only keep $5,000 out of our commission and refund you the remainder. So, on a $500,000 purchase, we are paid 3% ($15,000) by the seller’s agent: we take our flat fee of $5,000 and refund the remainder to you—$10,000 in this example!
Q. What can I do with my commission refund?
A. Anything you want! Many of our buyers take their cash check and use it to buy furniture or pay condo fees. Some choose to pay down their mortgage principle, get a lower rate or pay their closing costs . . . and some have even donated their refunds to charity.
Q. Why do we do this?
A. Why should we get paid more if you spend more? The buyers’ brokerage side of the real estate business is actually setup backwards in our opinion, and we saw an excellent opportunity to change that. We believe that a flat fee exclusive buyers’ agency is not only fair but allows our consultants to give the same amount of attention to our $300,000 buyers as to our $3,000,000 buyers.
CondoDomain.com is an innovative real estate platform. Our investment in technology and focus on working solely with buyers allows us to refund a large percentage of our commission. With every possible listing on our site viewable to our buyers, we work extremely efficiently, allowing us to operate a profitable business while refunding you the majority of our commission check.
We are starting a new realm of real estate brokerage. If you believe in what we are doing, let us know!
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