The Shane Homes List For Free Program offers buyers of a new Shane Home savings by reducing the commissions on the sale of their existing home.
The average commission structure to sell a home is 7% on the first $100,000, 3% on the remaining balance of the sale of the existing home, plus GST on the commission. The total commission owed by the seller to the realtor(s) is 50% to the Buying Representative and 50% to the Listing Representative.
As part of the List for Free Program, Shane Homes will pay the Listing Representative the portion owed to them by the seller. This equates to savings of up to 50% on the commission!
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List for Free Program Terms & Conditions:
- The customer must enter into an unconditional or conditional agreement with Shane Homes to purchase a new home.
- Entering into an unconditional agreement will guarantee the price of the new home and lot.
- Entering into a conditional agreement will guarantee the price of the new home for 90 days. The lot will also be guaranteed for 60 days with a first right of refusal, upon which the customer must enter into an unconditional agreement with Shane Homes.
- The customer must use Shane Homes’ designated CREB realtor as the exclusive Listing Representative for the sale of the existing home.
- The customer may list their existing home with Shane Homes’ designated CREB realtor prior to purchasing a new home with Shane Homes. The Buying and Listing Representative’s commission will be initially charged to the customer; however, Shane Homes will pay the Shane Homes designated CREB realtor’s commission when the customer enters into an unconditional purchase.
- The customer is responsible for the Buying and Listing Representative’s commission if the customer did not enter into a purchase agreement with Shane Homes prior to the sale of the existing home.
- List for Free offer must be presented to the Area Manager prior to the offer to purchase and signing of addendum.
*Program valid as of November 18, 2016 and is subject to change without notice. This program may be amended, withdrawn or extended at any time without notice.