Addressing Your Life
3% We Sell Homes
1105 Massachusetts Ave.
Cambridge, MA 02138
Phone: 617-354-5888
Fax: 617-354-5999
Email Us
2267 Massachusetts Ave.
Cambridge, MA 02140
Phone: 617-354-5888
Fax: 617-354-5999
Email Us
36 Hampshire Street
Cambridge, MA 02139
Phone: 617-354-5333
Fax: 617-354-5999
Email Us
July 12, 2006
Compiled by Globe correspondent Thomas Grillo | December 23, 2000
Motorists who drive by Griffin Properties on Massachusetts Avenue in North Cambridge can’t miss the giant "3 Percent Commission" sign at the corner store that was the longtime home of the FlagCenter, a Cambridge landmark. Paul D. Griffin, 39, co-owner, has been offering the relatively low rate since he launched the real estate business with his brother earlier this year.
"The sign is an eye-catcher and the low rate is a real competitive advantage," he said. "Our overhead is low, and we can still sustain a profit at that rate. When you consider that many Cambridge realtors are charging 5 percent, the sellers would have paid $32,250 in commission, but at 3 percent, they paid $19,350, a savings of $12,900.
To qualify for the 3 percent rate, a seller must list and sell the property with Griffin and the property would have to be sold by one of the firm’s Realtors Ò.