Best of the no% real estate

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Originally Posted by Bandwagon

During my last house sale I was successfully in negotiating a 1% commission fee, we used thesame agent to purchase the new house which did not put me out of pocket. At the end of the day your house is only worth what someone is willing to payfor it, the things you see value in may not necessarily get you moremoney. Ultimately you control what you list and sell the house for.

Agents don't work for you, they work for themselves and want the listing at the end of the day.

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I agree that we look at our own through jaded glasses. That not withstanding a 13,000$ hoist is not just a "WELL EVERYONE WON'T WANT THAT,BUT YOU CAN LEAVE IT. IT WILL MAKE THE SALE A BIT MORE ATTRACTIVE" Ya I guess it will. I'd pay another 13,000$ to tear it down, move it, and re-erect it out in BC before giving it as a "NICETY". Oh I'm fully aware of things that are only valued high by me, but if you want the perks with hard set value they're not coming as niceties

I wish the agent that sold our last place was still around. The pictures that went out were painfully clear. It had an extended car port (drive thru type) second couple to come meets the agent there and of course we've been told to vamooz. They get out and start walking in. The guy says as only the modern metro man can,"Oh that car port so doesn't suit". My agent asked if it wasn't clear in the pictures. They both acknowledged seeing it. My agent asked them to please never waste his or his clients time again. Proceeded to get in his car and leave them standing. I MISS HIM !!!!!!!!!!

You should see the nonsense going on around here. Properties are routinely selling for 8-10% "over asking" from bid-ups because there's so few properties on the market driving a "seller's market." Real Estate agents list properties according to area comparables,show buyers for maybe 3 or 4 days with the proviso that offers will only be accepted on one specific day,usually the day after one "open house". It goes something like this. A property will be listed on a Thursday,shown Friday and Saturday with an open house on the following Sunday and offers examined the next day. It's almost like an auction with a reserve bid. Sellers and agents are making out like bandits because of the fierce competition among buyers due to so few properties being on the market. How long it will last is anyone's guess,but,in the meantime.............

GTA, and Van are still headed to the moon. "NOT ENOUGH HOUSES" apparently the opposite is true here. Although we have one per mile on average it's apparently too many

Com Free or Grape Vine. Also head onto to Facebook, to local area FOR SALE sites and list/advertise. Exposure is what you are after, Kijiji and cross post in different areas.

Lots of informative responses here.

I myself haven't heard of too many happy endings from private listings. All I know is that you HAVE to pay to get the MLS listing, or you're completely wasting your time. And, you need to get psych help to ensure you don't take the viewings and lowball offers personally.

As others have said, Realtors love the easier sell and have engineered the whole industry around it. It's why 90% of them ask/force their clients to list for less than the sellers are comfortable with - even then knowing they're going to push and push and push to have the price dropped even further to get it sold.

Because slashing a price is WAY easier than actually working to sell a buyer the MERITS and VALUE of a property.

Stand-up - a buyer who makes you happy may take years to attract. Could be less stressful and more profitable for you to dissemble the shop and sell it all off piecemeal.

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Originally Posted by Oddmott

As others have said, Realtors love the easier sell and have engineered the whole industry around it. It's why 90% of them ask/force their clients to list for less than the sellers are comfortable with - even then knowing they're going to push and push and push to have the price dropped even further to get it sold.

Because slashing a price is WAY easier than actually working to sell a buyer the MERITS and VALUE of a property.

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Reputable agents do the research required to accurately assess what a property will sell for according to location and market conditions at the time they're contracted to act. The problem arises when a client steadfastly insists that their property is worth much more than others for a host of reasons and demand the listing be priced much higher than the current market will bear. The end result is the property sits on the market for weeks and months without an offer,the client gets angry accusing the agent of not working for them and deliberately attempting to get them to lower the price. Business relationships are damaged beyond repair and the client badmouths the agent all over the place which is usually always inaccurate and completely unfair.
I know that there's a very rare few agents that will deliberately over-inflate a property just to get the listing,lock in a client and then,sit on the property until the client agrees to drop the selling price. These types of agents usually don't last long in the business,thankfully,because their reputations become widely known,especially,in a small market. The old adage is true in sales that "good news travels fast and bad news travels faster."

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Originally Posted by trimmer21

Reputable agents do the research required to accurately assess what a property will sell for according to location and market conditions at the time they're contracted to act. The problem arises when a client steadfastly insists that their property is worth much more than others for a host of reasons and demand the listing be priced much higher than the current market will bear. The end result is the property sits on the market for weeks and months without an offer,the client gets angry accusing the agent of not working for them and deliberately attempting to get them to lower the price. Business relationships are damaged beyond repair and the client badmouths the agent all over the place which is usually always inaccurate and completely unfair.
I know that there's a very rare few agents that will deliberately over-inflate a property just to get the listing,lock in a client and then,sit on the property until the client agrees to drop the selling price. These types of agents usually don't last long in the business,thankfully,because their reputations become widely known,especially,in a small market. The old adage is true in sales that "good news travels fast and bad news travels faster."

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You been an agent long?Not to be negative, but. That does sound like a possibility. From what I've seen more are apt to pawn your place cheap than those you speak of that will overprice. If I've met a dozen that'll slash your price, but none that'll bump it up I'd say the latter group you mentioned maybe somewhat less

I never said a word about inflated value or out to lunch sellers Trimmer.

I'm talking about the everyman. Real estate agents want no part of actually doing the legwork required to sell the average house at a true value.

My neighbours are a perfect example. Bought a big mobile home in the 80s for $70k. Since then they've put a further $165k into it with quality additions and renovations and upgrades. To the point it is unrecognizable as a mobile home.

Houses in Arnprior aren't moving though, so the agents he tried to work with all tried to convince him to list at $140k.... And take a $100+k bath on the improvements & property appreciation.

Absolutely steadfast that they couldn't convince buyers of the benefits of upgrades like steel roof, engineered in-floor heating in the cement pad under his main addition, etc.

They're lazy, and they're playing a numbers game. Every one of them.

To be clear, I don't think the individuals are being dishonest or even intentionally cold hearted towards the financial situation of their clients... Just disappointed by the system THEY'VE created over the decades and are all too afraid to try bucking the system in any way.

All they're concerned with is moving properties as quickly as possible. They're all protecting their stats - nobody is going to hire a realtor whose properties sit for longer than average.

So their only reflex is cut cut cut the price.

In every area of Ontario outside the GTA, it's a race to the bottom.