Whanganui's first Tall Poppy Real Estate agent is eager to help the local housing market grow. PHOTO/ BEVAN CONLEY
Whanganui's first Tall Poppy Real Estate agent is eager to help the local housing market grow. PHOTO/ BEVAN CONLEY
There is a new kid on the block in Whanganui real estate.
Licensed sales consultant Peter Schmidt has brought Tall Poppy Real Estate to the river city in a bid to reduce "daunting" commission costs.
Mr Schmidt - who officially began working for the company at the start ofthis month - is the only "tall poppy" in the region.
The long-standing Whanganui local said he has received regular feedback from vendors that commission prices are simply too high and he wants to see a change.
"Tall Poppy uses a flat fee with no extra advertising costs...we also have an unbeatable fee guarantee," he said.
Mr Schmidt - former real estate agent for Ray White in Whanganui - said local real estate commission cuts sit between 3.5 to 4 per cent plus GST and extra advertising costs.
"For a $300,000 house the minimal price for commission is $11,000 as well as around $500 for advertising...Tall Poppy charges a flat fee of $10,000 plus GST for all properties between $300,000 to $500,000 "
The young company was founded in 2012 with the prospect to create "fairer real estate prices".
