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Originally printed on Forbes.com 10.11.2006
CityService Revolutionizes
Real Estate Commissions
Sellers Pay 1.49% Commission
Buyers Receive 25% Rebate
Chalfont, PA - CityService is an innovative real estate firm that is
re-shaping the local real estate industry through a lower
commission structure. Comprised of high-producing agents
from a national realty firm, CityService recognizes that
the Internet has changed the way the real estate industry
does business by enabling today's buyers and sellers to
receive valuable information directly, that in years past
could only be provided by their Realtor. As a result, CityService
saves buyers and sellers thousands of dollars by offering
rebates and taking only 1.49% commission while negotiating
the commission of the buyer's agent down from the standard
six percent.
According to RJ Timlin, Realtor/Business Development, "the
concept for this atypical business model is simple. At CityService,
we realize that buyers are spending about 60% less time
per transaction due to public access to the Internet. In
the past, customers would engage a Realtor's services for
an average of nine weeks; today, the time spent by Realtors
is reduced to less than three weeks. We just changed the
commission structure to be fair to our customers."
In addition to saving money, CityService customers receive
a wide scope of services. The firm, which discourages self-promotion
of its agents, pays for the sales/marketing costs of every
listing. Contracted clients receive a host of marketing
resources that include: placement on 30+ industry websites
which hits 99% of search engines, access to the multiple
listing services, an individual web page, and a virtual
tour of their home produced by a professional photographer.
Additionally, CityService pays for featured positioning
on the industry's top website, Realtor.com obtaining maximum
exposure for sellers' homes. CityServcie customers also
have the option to cancel their contract at any time; rather
than the standard six to 12 month contracts required by
the traditional firms.
"I would highly recommend the services of CityService
to anyone looking to market and sell their home at a reasonable
fee/price," states Todd Warton of Doylestown. "I
was afforded all of the services one might expect with any
good full service realtor (plus more) for 1.49% commission."
While the commission structure at CityService has ignited
some controversy between CityService and the traditional
real estate firms, the company is thriving. This success
is due in part by public support to change a system that
consumers feel is outdated and inequitable. Recent articles
in such publications as Newsweek, The Wall Street Journal,
and The Philadelphia Inquirer, affirms the general philosophy
of CityService which is to reward consumers who buy or sell
a home with more money in their pocket.
For more information on CityService or to contact an agent,
please call 215. 822. 8720 or visit www.CityService.com.
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