Question about Listing With Cornerstone
To provide the highest level of client satisfaction and to effectively manage all aspects of the sale of your property, Cornerstone prefers exclusive control of your listing, typically for Three (3) months. During this period Cornerstone will employ all resources at its disposal to market and network your property, along with a group of well-established and reputable local realtors to arrive at a closing in the shortest possible time with the best available market value.
Although Cornerstone accepts non-exclusive listings (listings given to more than one agent at the same time), all our marketing channels cannot be used with this type of listing. We typically experience less effective results with non-exclusive listings due to the reduced marketing channels.
Yes! We encourage referrals (properties for sale only, not rentals) and will mail a check to you—or send the funds to you via PayPal (only if you reside overseas), within 5 business days after we close on your referred property! At present, our referral fee is 0.25% of the closing price up to a max. of TT $4,500 (approx. US $672.00).
CornerStone does not charge its clients for listing property. All costs involved in the marketing, exposure, showing, negotiating etc are paid for by us. Related transaction costs (ie: appraisal fees and WASA clearance certificate fees etc) are paid for by the client.
For exclusive listings, Cornerstone uses a judicious mix of marketing techniques (based on the type and location of the property) which has proven to be very effective for us over the past several years and continuing. These include (but are not limited to) the following:
- Website advertising and exposure *
- Classified advertising
- Sponsored (Paid) Social Media advertising
- Outdoor signage
- Wanted Ads
- Realtor networking
- DVD Video presentations at various locations
- Open House Events and Private Viewings
- Streaming video
- Print advertising
- Client database matching*
- Direct client advertising and offers
Cornerstone’s commission rate is negotiable and for lands and buildings (residential or commercial) the range is from 3% to 5% of the closing price. For rentals and leases, it is equal to one month’s rent. We do not normally negotiate short-term rentals (rentals less than 1 year) unless previously agreed upon with the client.
Short term rentals agreed upon and executed are billed on a pro-rata basis as follows: (Monthly Rental/12) x Rental Term in Months
Cornerstone lists a wide variety of properties which include (but are not limited to) the following:
- Single Family Homes
- Multi-Family Homes
- Commercial Property
- Vacant Land
- Office Space and more…
Cornerstone Properties typically charges a commission which is payable by the client (property owner) when the sale (or lease) has been consummated. A sale is normally considered consummated after:
- A down-payment is received (typically 10% of the closing price);
- All title searches have been successfully completed and;
- All clauses in the governing sale agreement have been satisfied.
Cornerstone will never charge a client for advertising costs. While some agents try to recover some of their marketing costs in the event of a non-closure, Cornerstone will never charge its clients costs of any kind.