Realtors
#16
I just bought one that's been up for almost 2yrs, 3 agents inc. FSBO in that time as far as I know. It sold when the price dropped to a realistic level for the market here. I don't know that changing agent is always the answer, accepting that you're not going to get what you want for it, is.
#19
Sorry, I have to make this clear. Fellas, they are ESTATE AGENTS!! They make their living selling houses. The higher the price, the higher their income. Do you seriously believe that a "sellers" EA is going to talk the price down??? It's the most obvious conflict of interest ever! Do it yourself, or get a lawyer. Don't hire another EA... it's like asking wolves to babysit lambs!
A buyer's agent is invariably better placed to negotiate than a new immigrant. The agent knows the game and knows the terrain. Of course both agents wants to sell the house but the amount of commission forgone by the buyers agent in getting, say, 10% knocked off the price, isn't a great amount; the goodwill of the buyer is likely worth more than that.
#20
Oak, Star
Understood. However, the "buyers agent" is as committed to achieving a high price as the sellers. It's a split commission.
I have dealt with an agent acting on my behalf. Acting is the operative word. He was telling me all sorts of twaddle to try and get me to buy a house that anyone with half a brain and an internet connection could see was way overpriced.
Best bet? Deal directly with the sellers agent and play hardball. That's a good thing about Canada... if you lose this beautiful house, there are thousands more!
Understood. However, the "buyers agent" is as committed to achieving a high price as the sellers. It's a split commission.
I have dealt with an agent acting on my behalf. Acting is the operative word. He was telling me all sorts of twaddle to try and get me to buy a house that anyone with half a brain and an internet connection could see was way overpriced.
Best bet? Deal directly with the sellers agent and play hardball. That's a good thing about Canada... if you lose this beautiful house, there are thousands more!
A good agent will work to get a good deal for the buyer, because they know that they'll be a seller one day and will be back - I know now that we will sell through the agent who found us the house to buy, because she was extremely professional and bent over backwards to help us through a process that we simply would not have been able to undertake by ourselves.
At the end of the day, it is you as a buyer who makes the offer and signs the agreement to purchase.
Edit to say dbd33, once again, puts this more succinctly than I did...
Last edited by Oakvillian; Aug 2nd 2007 at 8:15 am. Reason: saw dbd33's post
#21
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Joined: Apr 2005
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Sorry, I have to make this clear. Fellas, they are ESTATE AGENTS!! They make their living selling houses. The higher the price, the higher their income. Do you seriously believe that a "sellers" EA is going to talk the price down??? It's the most obvious conflict of interest ever! Do it yourself, or get a lawyer. Don't hire another EA... it's like asking wolves to babysit lambs!
And if you answer with "What's your point?", I'll, well, can't do anything really, but I won't answer you, THAT'S for sure.
#22
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Joined: Apr 2005
Posts: 4,842











Naah, this just doesn't compute. So a buyer's agent gets, for the sake of argument, 3% commission. On a $400k house that's $12,000. Push for the extra $5 or $6k and you'd be looking at a couple hundred bucks commission. I don't know about you, but if I were a buyer's agent I'd be looking to secure the $12k rather than arguing the toss over the last $200.
A good agent will work to get a good deal for the buyer, because they know that they'll be a seller one day and will be back - I know now that we will sell through the agent who found us the house to buy, because she was extremely professional and bent over backwards to help us through a process that we simply would not have been able to undertake by ourselves.
At the end of the day, it is you as a buyer who makes the offer and signs the agreement to purchase.
Edit to say dbd33, once again, puts this more succinctly than I did...
A good agent will work to get a good deal for the buyer, because they know that they'll be a seller one day and will be back - I know now that we will sell through the agent who found us the house to buy, because she was extremely professional and bent over backwards to help us through a process that we simply would not have been able to undertake by ourselves.
At the end of the day, it is you as a buyer who makes the offer and signs the agreement to purchase.
Edit to say dbd33, once again, puts this more succinctly than I did...
#23
er.... you did.
I just bought one that's been up for almost 2yrs, 3 agents inc. FSBO in that time as far as I know. It sold when the price dropped to a realistic level for the market here. I don't know that changing agent is always the answer, accepting that you're not going to get what you want for it, is.
I just bought one that's been up for almost 2yrs, 3 agents inc. FSBO in that time as far as I know. It sold when the price dropped to a realistic level for the market here. I don't know that changing agent is always the answer, accepting that you're not going to get what you want for it, is.
#24
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Joined: Apr 2005
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Now, shall I get something to eat before the mother of my chidren gets home from her client massage. Hmm...decisions of the oral kind...
#25
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Joined: Jul 2007
Posts: 797
From: Toronto, Canada











Thanks for all the advice on topic - although this had really drifted from my original Question.
I think we will stick with one for the time being!!!!!
Very excited by how eager he is sending us many properties a day and giving advice.
5 weeks to go before we get to start looking for our new suburb to move too !!
Rob
I think we will stick with one for the time being!!!!!
Very excited by how eager he is sending us many properties a day and giving advice.
5 weeks to go before we get to start looking for our new suburb to move too !!
Rob
#26
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Joined: Dec 2005
Posts: 667
From: Cochrane near Calgary, Alberta











[QUOTE=London-England-Lads;5140297]Thanks for all the advice on topic - although this had really drifted from my original Question.
5 weeks to go before we get to start looking for our new suburb to move too !!
All the best for the future, and I hope you get a great house.
GEEDEE........ you stated earlier you were from Scotland and recently sold a house, and I am recently told that Lawyers do most of the work.
Canada is a different country to Scotland with its own way of doing things like 'buying a house'. If you want the same system then please stay in Scotland. If you are willing to accept Canada as a different country, with its own laws, rules and way of doing things, fries, chips and not a crisp to be found, then welcome.
This forum gives free advice from people who have lived here, most of us are not experts but give free advice and most of it is good correct advice. Your attitude to others on this forum make is glad that Canada is a large country and that I am living a long way from you.
5 weeks to go before we get to start looking for our new suburb to move too !!
All the best for the future, and I hope you get a great house.
GEEDEE........ you stated earlier you were from Scotland and recently sold a house, and I am recently told that Lawyers do most of the work.
Canada is a different country to Scotland with its own way of doing things like 'buying a house'. If you want the same system then please stay in Scotland. If you are willing to accept Canada as a different country, with its own laws, rules and way of doing things, fries, chips and not a crisp to be found, then welcome.
This forum gives free advice from people who have lived here, most of us are not experts but give free advice and most of it is good correct advice. Your attitude to others on this forum make is glad that Canada is a large country and that I am living a long way from you.
#27
[QUOTE=Helen Parnell;5147998]
Ms. Parnell
Your acerbic reply has nothing to do with the fact that you're a "realtor", of course.
My attitude to others on this forum is completely neutral. You perceive what you project.
BTW, I'm not asking for advice, in this particular area. Buying and selling is, surprisingly, a global phenomena, the "rules" being the same world wide.
Thanks for all the advice on topic - although this had really drifted from my original Question.
5 weeks to go before we get to start looking for our new suburb to move too !!
All the best for the future, and I hope you get a great house.
GEEDEE........ you stated earlier you were from Scotland and recently sold a house, and I am recently told that Lawyers do most of the work.
Canada is a different country to Scotland with its own way of doing things like 'buying a house'. If you want the same system then please stay in Scotland. If you are willing to accept Canada as a different country, with its own laws, rules and way of doing things, fries, chips and not a crisp to be found, then welcome.
This forum gives free advice from people who have lived here, most of us are not experts but give free advice and most of it is good correct advice. Your attitude to others on this forum make is glad that Canada is a large country and that I am living a long way from you.
5 weeks to go before we get to start looking for our new suburb to move too !!
All the best for the future, and I hope you get a great house.
GEEDEE........ you stated earlier you were from Scotland and recently sold a house, and I am recently told that Lawyers do most of the work.
Canada is a different country to Scotland with its own way of doing things like 'buying a house'. If you want the same system then please stay in Scotland. If you are willing to accept Canada as a different country, with its own laws, rules and way of doing things, fries, chips and not a crisp to be found, then welcome.
This forum gives free advice from people who have lived here, most of us are not experts but give free advice and most of it is good correct advice. Your attitude to others on this forum make is glad that Canada is a large country and that I am living a long way from you.
Ms. Parnell
Your acerbic reply has nothing to do with the fact that you're a "realtor", of course.
My attitude to others on this forum is completely neutral. You perceive what you project.
BTW, I'm not asking for advice, in this particular area. Buying and selling is, surprisingly, a global phenomena, the "rules" being the same world wide.
#28
Banned





Joined: Dec 2005
Posts: 667
From: Cochrane near Calgary, Alberta











[QUOTE=geedee;5148297]
Ms. Parnell
Your acerbic reply has nothing to do with the fact that you're a "realtor", of course.
My attitude to others on this forum is completely neutral. You perceive what you project.
BTW, I'm not asking for advice, in this particular area. Buying and selling is, surprisingly, a global phenomena, the "rules" being the same world wide.
Actually my reply is in the same vain as my reply to school uniforms and postings to the lounge which covers the world.
If you are choosing to move to a new country then play by their rules. If you do not like those rules, then stay where you are or move to a country where you do like the rules.
Having recently returned from England I have found more and more that england has lost it national identity, and the Unitied Kingdom is a thing of the past.
Ms. Parnell
Your acerbic reply has nothing to do with the fact that you're a "realtor", of course.
My attitude to others on this forum is completely neutral. You perceive what you project.
BTW, I'm not asking for advice, in this particular area. Buying and selling is, surprisingly, a global phenomena, the "rules" being the same world wide.
If you are choosing to move to a new country then play by their rules. If you do not like those rules, then stay where you are or move to a country where you do like the rules.
Having recently returned from England I have found more and more that england has lost it national identity, and the Unitied Kingdom is a thing of the past.
#29
[QUOTE=Helen Parnell;5148348]
Actually my reply is in the same vain as my reply to school uniforms and postings to the lounge which covers the world.
If you are choosing to move to a new country then play by their rules. If you do not like those rules, then stay where you are or move to a country where you do like the rules.
Having recently returned from England I have found more and more that england has lost it national identity, and the Unitied Kingdom is a thing of the past.
Ms. Parnell,
I haven't read your other posts about school uniforms or your postings to the lounge.
Firstly, I am not choosing to move to Canada, my Company want me there, and I have agreed to move. It seems like a great place, although it does have its faults, like any other Country.
Secondly, there are no rules which oblige a purchaser to engage a "realtor" in Quebec. There are no rules which oblige a seller to engage a "realtor" in Quebec. If there were, I'd suggest that it was a totalitarian society and I would not have accepted my posting.
Your opinion may well be correct about the UK. But what about Canada, where the USA flag is flown in many towns? Don't throw stones in glass houses....
Actually my reply is in the same vain as my reply to school uniforms and postings to the lounge which covers the world.
If you are choosing to move to a new country then play by their rules. If you do not like those rules, then stay where you are or move to a country where you do like the rules.
Having recently returned from England I have found more and more that england has lost it national identity, and the Unitied Kingdom is a thing of the past.
I haven't read your other posts about school uniforms or your postings to the lounge.
Firstly, I am not choosing to move to Canada, my Company want me there, and I have agreed to move. It seems like a great place, although it does have its faults, like any other Country.
Secondly, there are no rules which oblige a purchaser to engage a "realtor" in Quebec. There are no rules which oblige a seller to engage a "realtor" in Quebec. If there were, I'd suggest that it was a totalitarian society and I would not have accepted my posting.
Your opinion may well be correct about the UK. But what about Canada, where the USA flag is flown in many towns? Don't throw stones in glass houses....
#30
In a land where "buyer beware" is part of the legal system, it sure helps to have someone (a buyers agent) on your side of the transaction.
There are very sound reasons why over 80% of homes sold in Canada are sold with the help of a buyers agent.
A good buyers agent does not SELL you a home, they help you buy one. They look after YOUR interests in the transaction. Thats how they earn their money, if they don't do a good job, they don't earn any money, as the vast amount of business gained is by direct referrals from satisfied clients.
The system is very different in Canada than the UK, but no one will force you to use an Agent if you don't want to.
There are very sound reasons why over 80% of homes sold in Canada are sold with the help of a buyers agent.
A good buyers agent does not SELL you a home, they help you buy one. They look after YOUR interests in the transaction. Thats how they earn their money, if they don't do a good job, they don't earn any money, as the vast amount of business gained is by direct referrals from satisfied clients.
The system is very different in Canada than the UK, but no one will force you to use an Agent if you don't want to.




