Dear CD's,
Quote:
Originally posted by tamilkuravan
Today I met a family in my church. They are relocating to Vancouver (for job) and want to sell their house in Brampton (preferably by this month end). They just bought the house 1 year back and hence it has not appriciated much. They did not want to give 5% comission for selling and so they asked my help, if i could find them a broker who charges 1% comission ( 1% + 1% for 2 brokers and hence 2% total).
If your friends bought their home at the right price a year ago and sell it at the right price today, they should be able to break even as average price increase in Brampton has been about 7% over the last year (provided they maintained it well during thier stay and did some cosmetic improvments...and that it is not a 20/30 year old home). If they are a couple of thousands $$ less, you can consider it as rent paid to stay for the year!
Quote:
Originally posted by tamilkuravan
Since i saw some advertisement in Desi newspapers that some brokers accept 1% as comission, I told them that some accept 2% (1% +1%).
Since you KNOW of someone who will take 2% total commission (1% + 1%) you should share this information with your friends. Most likely, the house will only stay listed for sale. If they were my friends, I would be asking them to do some analysis as to how much it will cost them if they were unable to sell the home before they moved to Vancouver.
Quote:
Originally posted by tamilkuravan
the Can any CD's or Real estate agent tell me how to find a broker who accepts 1% + 1% as comission? I will forward that information to them and also it will be helpful to other CD's to know that there is a 1% + 1% option.
Thanks
TK A
Thought you said you saw the Ad. Must be from someone desperate!
Quote:
Originally posted by tamilkuravan
Sidenote : Another point is that, this family has already signed with another broker for a 5% comission (2 1/2% + 2 1/2%). Any idea as to when they can come out of the contract. They did not read the fine prints before signing the contract
What fine print? The whole contract is in done is the same size font & print. It is sad that people try to throw lame excuses for not READING or ASKING their Agent to explain the contract clause by clause before they sign it. Actually, professional REALTORS(R) need not be asked to do that since they do it as a matter of prefessional responsibility and ethics.
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Rajeev Narula, Broker, REALTOR®
ACE TEAM REALTY INC., Brokerage
10 Kingsbridge Garden Circle, Suite 704
(Opp Square One - HWY10/403)
Mississauga, ON L5R 3K6
Bus: 1-888-355-3155 Ext. 300
Fax: 1-888-443-3155
Email:
Web: http://www.RAJEEV.ca" rel="nofollow">LINK
Location: God's own country
Posted on: 17-07-07 22:49:24
Thanks Rajeev for taking the time to reply to my post and posting /providing me with some really good information
Quote:
Originally posted by tamilkuravan
the Can any CD's or Real estate agent tell me how to find a broker who accepts 1% + 1% as comission? I will forward that information to them and also it will be helpful to other CD's to know that there is a 1% + 1% option.
Thanks
TK A
Thought you said you saw the Ad. Must be from someone desperate!
But i take an exception to the above statement.
Will you agree that Walmart is desparate to sell at so low prices? No. They sell at a low price b'cos they sell more and hence make a good / decent profit. That is their business stratergy.
On my way home, I dropped at a local desi store and got the desi newspapers and got the name of the realtor who sells and buys for 1%+1% comission. He has this special offer till july end and he throws in Free home inspection and Free lawyer fees along with other goodies and all the goodies are totally free. (CD's can PM me for his contact address, if needed and he is a desi) .I think that he is also recogonised by the govt. of Ontario/ real estate board.
In architecture field, there are people who do building for 5% of the total cost as well as 0.5% of the total cost. In many cases, the person doing design at 0.5% is better than the one doing design at 5%.
TK A
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I am a Gents and not a Ladies.
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Is it fair to say that most desi agents are charging 3.5% (1% on selling and the 2.5% that they have to pay the other broker) PROVIDED you also buy your house from them?
TK,
Adding to what Simmi said and your comments about Walmart, try buying BRANDED (Sony, Philips, Panasonic, Canon, HP, Glade, Nike, P&G, Pantene, etc etc) stuff there. You will not find difference of more than a few cents for low ticket items and a dollar or two for big ticket items. Now ask Walmart employee about a product (maybe in electronics, stationary, Gardening, anywhere). Their product knowledge is zero and they can't tell you why one model is better than other or what extra features it has over the other or which one should you buy....(My apologies to any Walmart employee on the forum. Walmart hardly invests in training employees on product knowledge). Would you just throw your money on anything just because it is cheap?
Go to Future Shop ...or Best Buy (No pressure selling!), or even better Staples. And ask them about a product. Not only they would be able to tell you the features of the product, their prices are not much different from Walmart (for branded stuff). And, on top of it they will match the price to Walmart.
Conclusion: if you want 'good quality' & 'known' products or services, the price is the same. Now why would anyone choose someone who knows nothing about a product over someone who is a master of their business?
And TK, you said Walmart is able to offer better price because of volume, my question to you would be: Do you get any service?
I will quote \\\" Poor people spend TIME to save money. Smart People spend Money to save TIME....and TIME is Money'
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Rajeev Narula, Broker, REALTOR®
ACE TEAM REALTY INC., Brokerage
10 Kingsbridge Garden Circle, Suite 704
(Opp Square One - HWY10/403)
Mississauga, ON L5R 3K6
Bus: 1-888-355-3155 Ext. 300
Fax: 1-888-443-3155
Email:
Web: http://www.RAJEEV.ca" rel="nofollow">LINK
It seems that RE are under Attack ... and they have gone Defensive. Defending every single statement. I know, when someone is questioning your Integrity ... you can't just let it go.
If someone does not want to pay RE for the excellent service then you always have an Option to go http://bytheowner.com/ and sell yourself.
BTW just a novice Question, why would Seller care for extra special service ... if he is getting the price that he wanted at first place?
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Mumbai Maazi Ladki ...
Quote:
Originally posted by Maharaj
It seems that RE are under Attack ... and they have gone Defensive. Defending every single statement. I know, when someone is questioning your Integrity ... you can't just let it go.
If someone does not want to pay RE for the excellent service then you always have an Option to go http://bytheowner.com/ and sell yourself.
BTW just a novice Question, why would Seller care for extra special service ... if he is getting the price that he wanted at first place?
As a realtor I somewhat have to agree - some realtors are kidding themselves that they are worth xxx dollars - others take their profession and spend lots of time studying , knowing the market , improving their skills and are worth every $$$.
If you are going to ask for a large commission you absolutely have to show the Value - if you can't - you should either lower your commission or improve what you are offering. I have charged various commission levels but have explained "for this amount this is what I will do"
and yes a lot of Desi realtors do offer lower commissions but also a lot of them are not very good at ensuring homes show to their best potential and their contracts when they write them up - have more holes in them then swiss cheese IMHO
