Is it Possible to SALE Home with out Realtor in Canada?
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Great news. When would it start?
Paperwork will be done by the lawyer.
KM
----"CREA opens MLS up to allow flat-fee listings by licensed realtors if the local member boards approve the changes locally."
The Canadian Competition Bureau responds with "that's a step in the wrong direction" and argues it makes the marketplace less competitive not more.
Lot of Realtor will not renew their license if these changes become law.
This is a big cartel industry all over Canada who spends lot of money on lobbying, advertisement and keeping monopoly.
My Input
Yes., You can sell your Home yourself. I based my calculation on a 400,000 CAD home. Realtor commission for this house will be 5% or aprox. 20,000 . You can save so much money if you have the time to do selling yourself. You can use the services of by the owner.com , they cost around 700-800 CAD upfront, You can spend another 5000 dollars for upgrading your house like repainting etc, so in total you will be spending 6000 dollars & you can save around 14,000 or so. Only thing is that House should be in high demand area so that it can sell easily by itself.
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Driller the thriller
Quote:
Originally posted by rahul_singh23
----"CREA opens MLS up to allow flat-fee listings by licensed realtors if the local member boards approve the changes locally."
The Canadian Competition Bureau responds with "that's a step in the wrong direction" and argues it makes the marketplace less competitive not more.
Lot of Realtor will not renew their license if these changes become law.
This is a big cartel industry all over Canada who spends lot of money on lobbying, advertisement and keeping monopoly.
Correct!
I would really like to see the discussion on this and about the Competition Bureau stand. It will be interesting to see what do Realtors have to say about this fiasco(of-course they will opine that it's too complicated for a common man to sell their house without Realtors..haha. Show me something new here)
For me, it's a step in the right direction. We need more competition and ways to sell/buy our respective houses. We also need a 'get rid' of Realtors' bulldozed fee structure, and moreso better to get rid of Realtors altogether (a dream, I know). Just a few real estate Lawyers, Notaries, and MLS type service would do the trick for anyone selling/buying.
So, go Melanie Aitken go...
Location: Brampton, Ont, Canada
Posted on: 23-03-10 16:11:10
I'm also surprised so far not a single realtor has put any comment
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'Some goals are so worthy, it's glorious even to fail.' (Param Vir Chakra awardee Lt. Manoj Pandey)
We might get some comments from Realtors if this post is moved to Real Estate section.
Quote:
Originally posted by Blue_Peafowl
I'm also surprised so far not a single realtor has put any comment
My take on this. I spoke to couple of realtors I know. Looks like it could potentially end up like any private listing website. The agent will upload your info for a flat fee. Then u r on your own, just like any other private listing sites. U may not get the prices of houses that were sold. That means u cant compare the price/get an idea of how much u have to list your property. Dont forget that many drifters / time fillers will come to see the property who are not in the market or who dont have financial backing to buy. U just need to get one serious buyer.
KM
