Go Back   BuildingHomes.ca - Building your community! > General > Real Estate Questions

Real Estate Questions Planning on selling your home? Looking to buy a resale? Post your comments and questions here.


Reply
 
Thread Tools Display Modes
  #1  
Old 2010-09-06, 12:02 AM
Oxford Oxford is offline
Senior Member
Regular User
 
Join Date: Dec 2009
Location: Ottawa - Half Moon Bay
Posts: 281
Default Private sale?

Who have sold their houses in the last three months in Ottawa using either Grapevine or any of the flat fee realtors? What were your experiences like? Could you offer any advice? We've got a house to sell in the near future.

Thanks
Reply With Quote
  #2  
Old 2010-09-07, 09:51 AM
JCspecial JCspecial is offline
Senior Member
Regular User
 
Join Date: Mar 2010
Location: Ontario, Stittsville
Posts: 243
Default

As we'll also be putting the house on the market in the next few weeks, we'll definitely be watching this thread.

We'd also like to know how people approached setting a percentage for the buyer's realtor, if they have one.

Wondering if we should start out with "No agents please" then going to "Agents welcome at 1.5% or 2%". Or do you just say nothing and then deal with it on the spot?
__________________


Reply With Quote
  #3  
Old 2010-09-07, 11:03 AM
chiquita chiquita is offline
Senior Member
Regular User
 
Join Date: Mar 2010
Location: Stittsville, Ontario
Posts: 227
Default

We just listed our house on Grapevine 3 1/2 weeks ago and we opted to not address the whole agent thing. But trust me, once these agents do get in touch with you, they are VERY reluctant to even discuss negotiating the rate. We just signed our purchase agreement this past Saturday (YAY!) and we had to pay the 2.5%, sadly. Oh well, at least the deal is done now!

Ironically, we also posted on MLS with www.ihatecommission.com the same day we got an offer!

Good luck!! If you have any specific questions, feel free to PM me.
__________________
______________________
Builder: Tamarack Homes
House: Oxford, Elev. B
Location: Jackson Trails

Moved in Dec. 14th, 2010!
Reply With Quote
  #4  
Old 2010-09-07, 12:40 PM
mc_ottawa's Avatar
mc_ottawa mc_ottawa is offline
Senior Member
Regular User
 
Join Date: Jul 2009
Location: Ontario, Ottawa
Posts: 1,209
Default

I have my house on the market right now, and the agents are vultures.
Some of them have called and specifically said that they would only work for a certain commission rate.

Others have called to try to convince me to have them sell my house.

I get e-mails on a daily basis from realtors telling me about how they're the 'one' to choose, that they're miracle workers, they can cure cancer, etc.

I originally had my commission rate at 2%, and some realtors would actually call, and before asking anything else about the house, would inquire about the commission rate. Seems as though some will only show the house if the rate is good enough for them.
Reply With Quote
  #5  
Old 2010-09-07, 02:27 PM
JCspecial JCspecial is offline
Senior Member
Regular User
 
Join Date: Mar 2010
Location: Ontario, Stittsville
Posts: 243
Default

We've had some interesting experiences with realtors and strong arm tactics...and those were the reputable, well respected ones!

I guess the best option is being up front saying that you are willing to pay a certain % and if they don't like it, you will be happy to touch base with them down the road should that change.

On a side note, as memory serves me, I think if you go through the ihatecommission.com, you end up paying 2.5%...part of the deal when you use realtors.
__________________


Reply With Quote
  #6  
Old 2010-12-19, 03:00 PM
SHARKMAN1's Avatar
SHARKMAN1 SHARKMAN1 is offline
Senior Member
Regular User
 
Join Date: Apr 2010
Location: Osgoode
Posts: 545
Default

Just bumpin this old thread....

We are putting the house up after christmas with i hate commisions and we are looking for any feedback from anyone one who have used it.

Thanks,
__________________


Reply With Quote
  #7  
Old 2010-12-19, 03:50 PM
good2know's Avatar
good2know good2know is offline
Senior Member
Regular User
 
Join Date: Sep 2010
Location: Ottawa
Posts: 5,787
Default

i've never used it because we always had great results with grapevine

the 2.5% to buyer agent is a show stopper for me - $7000+ to write up a sale agreement? no thanks

what are you selling and where?
Reply With Quote
  #8  
Old 2010-12-19, 05:00 PM
Oxford Oxford is offline
Senior Member
Regular User
 
Join Date: Dec 2009
Location: Ottawa - Half Moon Bay
Posts: 281
Default

We ended up using Grapevine and sold the house within one week. No agents were involved. We received two offers.
Reply With Quote
  #9  
Old 2011-01-16, 02:26 AM
barrie barrie is offline
Junior Member
 
Join Date: Jan 2011
Location: Barrie
Posts: 2
Default

There is nothing wrong going private or not getting the services of a real estate agent. As long as you know the ins and outs of real estate tax and licensing. You need that to transfer the property ownership to your buyer.

I know some agents are vultures especially those freelance agents. But not all.
__________________
Barrie Real Estate
Reply With Quote
  #10  
Old 2011-01-16, 06:59 AM
good2know's Avatar
good2know good2know is offline
Senior Member
Regular User
 
Join Date: Sep 2010
Location: Ottawa
Posts: 5,787
Default

real estate tax? licensing? thats what lawyers are for

I guess from your link you are an agent
Reply With Quote
Reply

Bookmarks

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Private sale? Oxford Ottawa Area Houses For Sale 3 2010-09-07 02:09 PM
Private Seller question: Conditional upon sale of the buyer's home Charmy Real Estate Questions 8 2010-02-21 11:26 PM
Methods/ideas for private sale? Digimom Houses For Sale 1 2008-06-14 01:37 PM
Wanted - Semi-detached House(or Townhouse) In Vaughan ( Private Sale Only ) jjacd Markham / Thornhill / Vaughan 9 2008-04-05 08:47 AM
Private Sale Peake Home Owner Tips, Upgrades and Maintenance 4 2005-10-06 04:36 PM



All times are GMT -4. The time now is 07:22 AM.



Copyright © PHAND Corporation
This document may not be used elsewhere without the expressed written consent of PHAND Corporation.
*** There is no association between this website and any builder. ***

Powered by vBulletin® Version 3.8.10
Copyright ©2000 - 2019, vBulletin Solutions, Inc.