Helen Parnell

The buyers realtor does get paid on commission and here is where the ethics of the realtor comes in. Some realtors grab the money now and will not negotiate a lower offer, but it is very short sighted. If I negotiate a lower offer for one of my clients, then it may be a few hundred dollars I have lost. But chances are that person will either 1) move again and will use me again or 2) recommend me to a friend.

chrishoward99

any idea on what sort of percentage they are cutting of the mls price? we are in the same boat, but haven't sold yet

Posidrive

I hope that house was very over priced to begin with

Eastbound

[QUOTE=Silverdragon102;6985117]We offered $10,000 below asking price and was accepted. Had a great realtor that advised us on what to offer and when counter offer came in told us to stick to our original which we did and was accepted.

Hi S.D
Same sort of scenario we offered 9,000 less than listed price , but were under pressure to offer more to secure the house ,stuck to our guns as we thought it was a fair price to pay for the property .It paid of and we got it at our initial offer but they left us in no doubt that they had 'begrudginlgy accepted our offer '

Silverdragon102

[QUOTE=Eastbound;6986169] We didn't do to bad as the seller's realtor said to ours that the sellar said make sure not to loose this sale which was why she said stick to our offer. Guess a lot depends on market and how long it has been on the market. I looked at over 30 in 4 1/2 days which was rather mind boggling but worth it in the end. First house we put an offer on they wanted more and when we said no and gone for this one as we accepted they came back and asked if we was still interested at price we offered. This house we bought has worked out bette as more land for the dogs and more rural

MB-Realtor

There is the ethical and legal side as to why we should always negotiate for our clients benefit, and that is very important, but a Realtor will only become successful if they get repeat business and referrals. So the few $$ we don't make when we negotiate a lower purchase price is not important, but the goodwill we generate when we do a good job is.

Helen Parnell

Reading all the threads it really depends on what part of Canada you are moving to.

MB-Realtor

We (Winnipeg) have some homes where you can put in a lower offer, but we still have homes (the really good ones) where we are getting multiple offers and these are still going for over list price.

The vast majority of homes are still selling at or very near list price.

Helen Parnell

There is a story to this house sale, and as the original listing agent it was about $10,000 too high in January. They were offered a guaranteed sale by their builder of $480,000. (These are traditionally lower than current value but are guaranteed with the builders agent) They wanted more and refused.

Unfortunatley there are some people in this world who think they know better than builders and realtors. You know the sort, 'I love my house and so it is worth $562,000 and I am not selling it for a cent less

I refused to relist with them, when they refused to listen to me. They had to go back to the builder and their realtor.

As for the $400,000, a Calgary realtor basically did his job for his buyers, saw desperate sellers with two mortgages on the market for 10 months and went for the kill.

The house is worth more than $400,000 but the buyers got a great deal.

R I C H

http://app2.interfacexpress.com/pcs/...SearchID=13945

Original, current, and where appropriate, sale prices are listed in these pages. Perhaps there's a similar site for where you're planning to move to.

loser40

Just wondering - are real-estate auctions common in Canada ?

Surely large city's like Toronto and Vancouver must have them regularly !

Does anyone know any Toronto/GTA auction company's... and, generally speaking, I assume prices are notably lower than agent's prices and bargains are their to be had - right ?

TIA,

M.

MB-Realtor

Auctions are Very Rare.

Lenders in Canada normally sell through Realtors as usually they are selling under a power of sale (prior to foreclosure) legally they have to get the best price they can for the property and the Banks know that Realtors get the best price.

barrett

I have heard from realtor friends that you can count on about being able to come down about 5% in most cases.
I live in rural Halifax (Porters Lake) if you have further questions.

Posidrive

That's a bit of a relief. I was starting to panic if it was the general trend.