The Homebid  approach to Online Real Estate

The Homebid approach to Online Real Estate

HomeBid, a low commission estate agency, opened its doors in mid-2015 to great support from the media and the public with a revolutionary new offering in the real estate industry,only charging 1.95% commission against the 7.5% plus vat of traditional estate agencies.

HomeBid was the brainchild of Neville Berkowitz, an over 40-year veteran in the property industry. As a pioneer of property economics in South Africa, in 2013, Berkowitz (61), foresaw the difficult years that the residential property market was facing.

Enter HomeBid- offering the sellers and investors of homes a saving of up to R65 000 in commission for an average home sale of R1m. “We are all aware of the tough economic climate and are looking for ways to save’’ says Gary Sacks GM of HomeBid, especially when it involves what is generally one’s biggest investment, their homes. ‘’Hence by HomeBid only charging 1.95% commission we can calculate on a daily basis the huge savings we are able to pass on to both buyers and sellers’’. To continue reading click here…

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