Property and house prices play a significant role in the economy. Currently, the economic times are tough, and it is affecting the property market in Australia. Rather than just accepting the increasing cost of purchasing real estate, the fastest growing Australian Real Estate Company DDP Property (DDP) has revolutionized the traditional property-selling model.
Affordability, the credit crunch, and the increasing number of new-build apartments causing uncertainty in the real estate market. The average dwelling price for a brand new house and land package in Brisbane is $500,000. Which means buyers have to pay over $30,000 in commissions.
Zaki Ameer believes that the decision to reverse the commission-based selling model made sense in the current market conditions. “We have already passed on hundreds of thousands of dollars back to buyers as cashbacks. Money we would usually receive as commission from the developers.”
The fee system ensures that DDP’s experienced property experts guide clients (buyers) through the entire purchase process. DDP helps by designing an initial investment strategy. They help clients with finance pre-approval. They then source the best properties. Additional services include; negotiating with vendor’s agents, conveyancing, renovation assistance, to property management (if required).
DDP passes any commission that they receive from selling a property to one of their purchasers, back to their clients. DDP secures buyers (their clients) for the vendors free of charge. Thus removing the need to pay the average 6% selling commission that would normally go to the selling agent.
Mr. Ameer shares, “For us, both buyers and sellers hold equal importance. We aim to protect and service both the buyers and the sellers equally. DDP Property’s team has developed and implemented a step-by-step process. We are dedicated to ensuring the optimum level of service without at a cost-effective price.”