EVIDENCE BY NUMBERS
*The Lifetime Value of One Loyal Client is $125,789
Conservative Assumptions:
- First-time home price: $300,000
- Age 35
- Commission rate: buyer/seller sides: 2.75%.
- Home appreciation rate: 3% per year.
- Timeline:
- First home: Buy only.
- Next three moves: Sell and buy.
- Final home: Sell only.
- Time between moves: 10 years.
Calculation:
1. First Transaction, Age 35 (Buy only):
- Purchase price: $300,000.
- Commission on purchase: $300,000 * 2.75% = $8,250.
2. Second Transaction, Age 45 (Sell and Buy):
- 10 years of 3% appreciation on first home: $300,000 * (1.03^10) = $402,577.
- Sell commission: $402,577 * 2.75% = $11,071.
- Purchase of second home (with 3% appreciation): $402,577.
- Buy commission: $402,577 * 2.75% = $11,071.
- Total for second transactions: $11,071 (sell) + $11,071 (buy) = $22,142.
3. Third Transaction, Age 55 (Sell and Buy):
- 10 more years of 3% appreciation on second home: $402,577 * (1.03^10) = $541,833.
- Sell commission: $541,833 * 2.75% = $14,400.
- Purchase of third home (with 3% appreciation): $541,833.
- Buy commission: $541,833 * 2.75% = $14,400.
- Total for third transactions: $14,400 (sell) + $14,400 (buy) = $28,800.
4. Fourth Transaction, Age 65 (Sell and Buy):
- 10 more years of 3% appreciation on third home: $541,833 * (1.03^10) = $729,195.
- Sell commission: $729,195 * 2.75% = $20,053.
- Purchase of fourth home (with 3% appreciation): $729,195.
- Buy commission: $729,195 * 2.75% = $20,053.
- Total for fourth transactions: $20,053 (sell) + $20,053 (buy) = $40,106.
5. Fifth and Final Transaction, Age 75 (Sell only):
- 10 more years of 3% appreciation on fourth home: $729,195 * (1.03^10) = $981,503.
- Sell commission: $981,503 * 2.75% = $26,491.
Total Lifetime Commission:
- First transaction (buy only): $8,250.
- Second transaction (sell and buy): $22,142.
- Third transaction (sell and buy): $28,800.
- Fourth transaction (sell and buy): $40,106.
- Fifth transaction (sell only): $26,491.
Grand Total:
$8,250 + $22,142 + $28,800 + $40,106 + $26,491 = $125,789.