New real estate start-up guaranteeing house sale at agreed price

PHOTO: The new start-up guarantees to buy a vendor’s property.

There’s a new real estate start-up promising to reduce the stress of selling your home. Brick Floor guarantees to buy a seller’s property – at a fixed price – before the “For Sale” sign is even posted.As CEO Dean Fraser explains, it enables the vendor to test the market and run a competitive sales campaign, with the knowledge of having a definite buyer waiting in the wings.

“We offer an upfront commitment to buy a seller’s home for a competitive price that we lock in before they have even listed their home,” Mr Fraser told 9News.No matter who ends up buying the house, Brick Floor will always charge a fee.”It is two per cent on the amount that we have guaranteed, payable at settlement,” Mr Fraser said.The scheme is suited to vendors who are simultaneously in the market for a new home.

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