The Boston Condo Team
By Anthony Longo 1 03 2008
Since launching our exclusive buyers’ brokerage operations here in Boston we have fortunately got off to a great start! We are operational now almost 2 months and I wanted to personally reach out and thank all of you who have contributed to our initial success.
So Thank You to all of the real estate developers and on-site marketing teams who have provided us the content for our website, ForSaleByOwner.com and Foreclosure.com for providing us local feeds to their databases, listing real estate brokers who have cooperated with us in bringing all of our transactions to fruition and most of all…you, for believing in our new innovative Flat Fee Brokerage concept. And of course our web partner who has helped make our dream and vision come to reality - Thanks Dreaming Code!
For all of you who may be new readers of CondoDomain Boston, this is our blog in which we contribute daily content on the downtown Boston Real Estate market. From new condo developments, neighborhood updates, featured listings & other condo related information, we aim to provide you the most transparent in buy-side information on the downtown Boston Condo market!
Our main site which is located at (http://Boston.CondoDomain.com) is a complete resource for any residential real estate for sale in Boston. On our site you will find the most up-to-date information on every MLS listing for sale, every new development, existing building, FSBO, foreclosure and even auctions in the metro Boston area.
Our business model caters to web-savvy individuals searching for local real estate and condominium information for sale on the web. By working with such individuals like yourself, our cost basis is much less than of a traditional real estate brokerage. The majority of our clients are highly educated on the local marketplace, web-savvy and data oriented, thus making our time together touring properties and open houses much more efficient.
If your not the tech savvy or data oriented person…don’t worry about it because we will help you though the buying process no matter what - Its What We Do. Its All We Do!
The 3 core principles of our company are:
- We work exclusively with buyers only.
- We only concentrate on metro Boston properties.
- We operate off a revolutionary flat fee buyers’ broker model.
Whats a flat fee buyers broker?
Ok, so we took exclusive buyers brokerage one step further and added on a flat fee business model.
What does this mean? Well, it means that no matter what you buy or spend on your new property, we are solely going to represent you in the very best way we know how to and get you the best deal possible and be compensated the same for every client we work with. After all, why should we be compensated 10X more for helping a $3,000,000 buyer search, tour, negotiate and close on a condo versus helping one of our $300,000 buyer clients?
The Answer: We shouldn’t.
In Boston, no matter what you are considering buying, we only accept a $5,000 flat fee from the sellers commission and refund you the remainder. For example if you buy a $500,000 condo and we are compensated $15,000 by the seller as the co-broker, we only accept the first $5,000 and REFUND you the remainder ($10,000) as a cash-check after the closing! (Now that sound better than a bottle of Veuve?)
Same scenario - $2,000,000 buyer. We collect our $5,000 flat fee commission from the cooperating listing broker and REFUND YOU $55,000! (at a 3% commission average)
So jump on and surf our site and the most complete database of Boston Real Estate and Boston Condo information. Got a question…shoot us a note or give us a call….heck, send us a text message or IM if thats easier. We are hear to help any and all buyers looking to purchase downtown.
Look forward to hearing from you!
Sincerely,
Anthony Longo, Founder & Boston Team Member
This must offer you a very high volume of business as many people are probably very interested in this type of option. Very creative!
It appears you have found your niche in your local market and that is great! People like knowing the bottom line and feel like they are not being taken advantage of this idea is brillant and I can see why it works.
Orlando - high volume…would be nice! However, actually the business model operates as a VERY EFFICIENT Business first…and high volume…2nd! (thats how we make $$$)
Georgia - Yes we like to think we have owned this niche for a while but just are now working directly with our clients instead of referring them out. We are so pumped to be working with buyers in the Boston marketplace - our backyard!