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10-28-2019, 11:54 AM
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#14926 | | Performance Moderator
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Originally Posted by Hakkaboy  Care to post up the listing? | PM'd you, don't really want to post my address up everywhere lol
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10-28-2019, 12:19 PM
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#14927 | | reads most threads with his pants around his ankles, especially in the Forced Induction forum.
Join Date: Mar 2004 Location: Vancouver
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Originally Posted by quasi Having trouble finding a house no surprise based on time of year. I've looked at all the inventory in the area I'm interested in nothing I like. My realtors haven't really been helpful IMO, send me automated listing and setup showings or at least try to if I request. For example two weeks ago we go look at a house on Sunday it's a complete trashbag, next day I get an automated email you should look at this one same trashbag house we just looked at.
When we first sold I sent them a list of 7 or 8 houses, they got me into 2 of them, the rest they said had offers? I know a few did there was at least 3 others that did not are still listed I reached out to the realtors selling them myself, one I went to open house was a 1% realty listing so I'm guessing they didn't want me to look at it because reduced commission? I hope I'm wrong in that regards.
I don't know exactly what I was expecting but I kind of thought maybe a more personalized experience, devote an hour a week to us? We talked about expanding our search to a bigger area, they mentioned some names of areas but never offered to take us to them show us around ect.
My experience in all honesty is probably the standard realtor experience but not sure it should be. I'm getting pretty close to firing them and just doing it on my own since they don't really offer any value I can see, if I don't find anything in the next 5 weeks I'm switching my search to a rental anyway. | This might seem a bit unfair but more realtors don't like to deal with 1%. I mean the commission is so slim is just not worth it and then you also have to share that 1% commission with the seller's agent and then with your company etc etc. Let's say the house is on sale for 1.4m so commission is 14000 let's say is 50-50 (which never happens). So the buyer agent gets 7k and then have to share with the company he works. He will be lucky if he can get 5k from it. Again is almost never 50 50.
Also from a friend who is a realtor as she puts it that most of the 1% real estate agent doesn't know their ass from their mouth so she refuse to work with them. Could be true or not.
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10-28-2019, 12:31 PM
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#14928 | | Network Admin Team
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Most full commish agents i've met are no better or worse than 1% agents in terms of knowledge. They get licensed at the same place, read the same books, and go to the same courses. Almost every agent I've ever met have this, i went to UBC Sauder and I close deals because i'm that good type of attitude.
During the peak in 2016, i couldn't get a single agent to put an offer down for me on a few places. The only way i ended up buying a place was working the sellers agent to double end the deal which ended up screwing over the seller.
I despise real estate agents just as much as lawyers... /endrant
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10-28-2019, 12:32 PM
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#14929 | | Willing to sell body for a few minutes on RS
Join Date: Jul 2001 Location: Cloverdale
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| Quote:
Originally Posted by Mr.HappySilp This might seem a bit unfair but more realtors don't like to deal with 1%. I mean the commission is so slim is just not worth it and then you also have to share that 1% commission with the seller's agent and then with your company etc etc. Let's say the house is on sale for 1.4m so commission is 14000 let's say is 50-50 (which never happens). So the buyer agent gets 7k and then have to share with the company he works. He will be lucky if he can get 5k from it. Again is almost never 50 50.
Also from a friend who is a realtor as she puts it that most of the 1% real estate agent doesn't know their ass from their mouth so she refuse to work with them. Could be true or not. | True but 50% of a small commission is better then nothing of a larger commission when I fire them for not setting up a viewing of a home I want to see. I understand the logic why they'd prefer to get paid more but at the end of the day as I buyer I don't care if it's 1%, Remax or whatever.
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“The world ain't all sunshine and rainbows. It's a very mean and nasty place... and I don´t care how tough you are, it will beat you to your knees and keep you there permanently, if you let it. You, me or nobody, is gonna hit as hard as life. But ain't about how hard you hit... It's about how hard you can get hit, and keep moving forward... how much you can take, and keep moving forward. That´s how winning is done. Now, if you know what you worth, go out and get what you worth.” - Rocky Balboa | |
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10-28-2019, 01:40 PM
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#14930 | | I *heart* Revscene.net very Muchie
Join Date: Nov 2004 Location: vancouver
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real estate commissions in the lower mainland area completely out of wack.
sure 10 years ago they may have made some sense what a really nice house was a $1M but now when every house is that price or more and they do even less work, screw off
i put my house up 4 years ago (didn't end up selling thank god) and i used a 1% realtor. she did just what i needed. posted the house, did a showing, had photos done. and thankfully was really understanding when i decided not to follow through. didn't even charge me in the end for the photos which she paid out of pocket....thankfully she knew it was a big mistake me selling.
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10-28-2019, 02:51 PM
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#14931 | | reads most threads with his pants around his ankles, especially in the Forced Induction forum.
Join Date: Mar 2004 Location: Vancouver
Posts: 10,645
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| Quote:
Originally Posted by quasi True but 50% of a small commission is better then nothing of a larger commission when I fire them for not setting up a viewing of a home I want to see. I understand the logic why they'd prefer to get paid more but at the end of the day as I buyer I don't care if it's 1%, Remax or whatever. | I think it depends on the agents coz a lot of agents they give you 50% of the commission they make so you can get some money.
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10-28-2019, 02:59 PM
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#14932 | | Willing to sell a family member for a few minutes on RS
Join Date: Apr 2011 Location: North vancouver
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Thats why real estate is a fucking racket. When I was selling my home in Edmonton with Comfree I had Realtors take down my for sale signs, refuse to show it to clients, etc.
The day I listed it with a Realtor I had an offer for asking, so I basically paid someone 12k for a fucking hour of work. Of course there are non-scum in the business, just like anywhere else, but there needs to be higher consequences for those that abuse the system like many do. Most of the penalties that crooked realtors have ended up paying are like half of a single commission, when they have done the same thing 100x over. Look at what the penalties were for shadow flipping! There is no incentive to be honest other than someones own morality.
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98 technoviolet M3/2/5 Quote:
Originally Posted by boostfever Westopher is correct. | Quote:
Originally Posted by fsy82 seems like you got a dick up your ass well..get that checked | Quote:
Originally Posted by punkwax Well.. I’d hate to be the first to say it, but Westopher is correct. | | |
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10-28-2019, 08:20 PM
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#14933 | | I have named my kids VIC and VLS
Join Date: Oct 2001
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Most of them are sacks of shit. Especially the “bigger” guys
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Dank memes cant melt steel beams
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10-29-2019, 10:41 AM
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#14934 | | private modder
Join Date: Feb 2002 Location: North Shore
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The condo we are living in went up for sale this past month. Yaletown, 15 years old, low floor with no view, 1 BR 1 bath plus den. We put a LOT of effort into cleaning and staging (something I noticed many other competing listings weren't doing as much).
In one week we had 5 showings and one open house. Following the open house, we received one offer and after some negotiation, we agreed to their offer of slightly below asking but very close to the assessed value. There were a few subjects to navigate, but all were removed this past weekend.
We have also been watching the North Van market closely. Anything that is premium/desirable is still selling for $900 psf or more, relatively quickly. However, units that are less desirable due to weird floor plans or lack of view (for example) are sitting on the market longer are being forced to lower pricing to the $800s psf.
Across the Lower Mainland, we are starting to see a flood of new units coming on to the market following the presale boom of 2016 and 2017. Lots of sellers are trying to flip and make a profit. As more and more units come on to the market, buyers will have the upper hand in negotiation, however sellers will likely dig in their heels attempting to maintain a profit margin and avoid taking a loss. I believe the result will be many sellers choosing to rent instead, which will add more inventory to the rental market (not necessarily affordable inventory though).
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10-29-2019, 11:02 AM
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#14935 | | I answer every Emotion with an emoticon
Join Date: Apr 2004 Location: BC, HK, USA
Posts: 7,536
Thanked 2,438 Times in 1,027 Posts
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| Quote:
Originally Posted by westopher The day I listed it with a Realtor I had an offer for asking, so I basically paid someone 12k for a fucking hour of work. Of course there are non-scum in the business, just like anywhere else, but there needs to be higher consequences for those that abuse the system like many do. | When the market is hot and when you feel the realtor is "not needed", there will always be realtors you can negotiate.
1) Don't need u to open house, i can open, you (mr. realtor) don't need to show up.
2) Don't need you to stage.
3) I can take pics of my apartment.
4) Don't need to put my listings on your newspaper ad.
5) Just need you to do documents, and post listings.
6) You can bring your assistant (MLS realtor) to sign contract / listing.
My dad was understanding as a realtor; clients came knowing what they want and he agreed, if you don't need my value, then we can determine a fair but fixed rate on commission and bam, done deal.
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10-29-2019, 11:11 AM
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#14936 | | RS.net, helping ugly ppl have sex since 2001
Join Date: Feb 2011 Location: Richmond
Posts: 8,459
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| Quote:
Originally Posted by Eff-1 The condo we are living in went up for sale this past month. Yaletown, 15 years old, low floor with no view, 1 BR 1 bath plus den. We put a LOT of effort into cleaning and staging (something I noticed many other competing listings weren't doing as much).
In one week we had 5 showings and one open house. Following the open house, we received one offer and after some negotiation, we agreed to their offer of slightly below asking but very close to the assessed value. There were a few subjects to navigate, but all were removed this past weekend.
We have also been watching the North Van market closely. Anything that is premium/desirable is still selling for $900 psf or more, relatively quickly. However, units that are less desirable due to weird floor plans or lack of view (for example) are sitting on the market longer are being forced to lower pricing to the $800s psf.
Across the Lower Mainland, we are starting to see a flood of new units coming on to the market following the presale boom of 2016 and 2017. Lots of sellers are trying to flip and make a profit. As more and more units come on to the market, buyers will have the upper hand in negotiation, however sellers will likely dig in their heels attempting to maintain a profit margin and avoid taking a loss. I believe the result will be many sellers choosing to rent instead, which will add more inventory to the rental market (not necessarily affordable inventory though). | This. I went to look at a few homes all hovering around 1mil. All were bought in ~2017 and all have dropped asking by 25/50k. But these houses are worth maybe 400k. They are not nice. It’s people being greedy and not willing to take any loss on a housing market gamble
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10-29-2019, 11:11 AM
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#14937 | | reads most threads with his pants around his ankles, especially in the Forced Induction forum.
Join Date: Mar 2004 Location: Vancouver
Posts: 10,645
Thanked 2,191 Times in 1,131 Posts
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| Quote:
Originally Posted by Eff-1 The condo we are living in went up for sale this past month. Yaletown, 15 years old, low floor with no view, 1 BR 1 bath plus den. We put a LOT of effort into cleaning and staging (something I noticed many other competing listings weren't doing as much).
In one week we had 5 showings and one open house. Following the open house, we received one offer and after some negotiation, we agreed to their offer of slightly below asking but very close to the assessed value. There were a few subjects to navigate, but all were removed this past weekend.
We have also been watching the North Van market closely. Anything that is premium/desirable is still selling for $900 psf or more, relatively quickly. However, units that are less desirable due to weird floor plans or lack of view (for example) are sitting on the market longer are being forced to lower pricing to the $800s psf.
Across the Lower Mainland, we are starting to see a flood of new units coming on to the market following the presale boom of 2016 and 2017. Lots of sellers are trying to flip and make a profit. As more and more units come on to the market, buyers will have the upper hand in negotiation, however sellers will likely dig in their heels attempting to maintain a profit margin and avoid taking a loss. I believe the result will be many sellers choosing to rent instead, which will add more inventory to the rental market (not necessarily affordable inventory though). | Most of these rental will be rented out by international students. They have the money and can afford to pay 2200+ for a 2 bedroom or 1600+ one a one bedroom.
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10-29-2019, 11:12 AM
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#14938 | | reads most threads with his pants around his ankles, especially in the Forced Induction forum.
Join Date: Mar 2004 Location: Vancouver
Posts: 10,645
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Originally Posted by 320icar This. I went to look at a few homes all hovering around 1mil. All were bought in ~2017 and all have dropped asking by 25/50k. But these houses are worth maybe 400k. They are not nice. It’s people being greedy and not willing to take any loss on a housing market gamble | What's so not nice about them? The area, finishings, material used?
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10-29-2019, 11:24 AM
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#14939 | | My AFC gave me an ABS CEL code of LOL while at WOT!
Join Date: Nov 2006 Location: vancouver
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Originally Posted by 320icar This. I went to look at a few homes all hovering around 1mil. All were bought in ~2017 and all have dropped asking by 25/50k. But these houses are worth maybe 400k. They are not nice. It’s people being greedy and not willing to take any loss on a housing market gamble | Got any specific listings that you saw? Post them up?
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10-29-2019, 11:27 AM
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#14940 | | RS has made me the bitter person i am today!
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lol.. so our realtor... being the amateur he is....
3 days before expiration of listing - he asks us if we can accommodate a viewing last night... and of course we agreed.
As we sat in the car during the viewing, the realtor comes up to us and presents me with a form.. "listing cancellation"...while we're sitting in the dark in a car. I'm like..what's this? "oh, i dont like to have listings expire under my portfolio so this is a cancel listing agreement". of course he doesn't mention the 60 days post expiration if the house is relisted and sells he gets the full commission... what a fucktard. i'm like.. 'fuck off... the listing expires in a few days ... dont make your problem my problem"
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10-29-2019, 12:32 PM
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#14941 | | I *heart* Revscene.net very Muchie
Join Date: Nov 2004 Location: vancouver
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if you agree to "cancel" then that's how he get's the full commission if sold within 60 days? and he just happened to leave that part out?
where as if it expires he get's nothing?
What a dick bag.
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10-30-2019, 02:00 AM
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#14942 | | Rs has made me the woman i am today!
Join Date: Jan 2011 Location: Vancouver DT
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why didn't you look at him direct in the eyes and say fuck you.
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Fly Your Own Flag.
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10-30-2019, 09:55 AM
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#14943 | | Banned (BBM)
Join Date: Sep 2009 Location: None
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Thoughts on current market for 1 bedroom apartments right now?
Thinking of selling my Wall Center Central Park low rise unit but not particularly in the mood to wait 3-5 months for it to move :/
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10-30-2019, 02:53 PM
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#14944 | | private modder
Join Date: Feb 2002 Location: North Shore
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The market entirely depends on the desirability of your unit. If it's appealing enough, there's a good chance it will sell quicker than you think at market rates.
But if it's less desirable, then you could be sitting on the market for a while, or be forced to lower your price.
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10-31-2019, 09:07 AM
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#14945 | | I *heart* Revscene.net very Muchie
Join Date: Nov 2004 Location: vancouver
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is the though that the condo market is going to continue to drop (ya ya crystal ball)
i would like to pick up a condo for rental purposes.
downtown and burnaby would be too pricey. I'm thinking coquitlam (close to my home) or even maple ridge etc
thoughts?
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11-04-2019, 07:29 PM
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#14946 | | RS has made me the bitter person i am today!
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SOLD!
after about 115 days.
list $1079000
sold $1055000
now comes the crappy part.. finding another house and moving.
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11-04-2019, 07:40 PM
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#14947 | | Willing to sell body for a few minutes on RS
Join Date: Jul 2001 Location: Cloverdale
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| Quote:
Originally Posted by Acura604 SOLD!
after about 115 days.
list $1079000
sold $1055000
now comes the crappy part.. finding another house and moving. | That's the issue I'm having, no decent inventory left. I have another 4 weeks then I'm looking for a rental until spring/summer. Going to suck moving twice but I'd rather do that then buy a house I don't love. I've ran the number with the money I'm saving on my mortgage/property taxes plus the interest I make from my equity from my current home I'll bank (taxable of course) I'll actually be further ahead each month renting a house with cash in hand then I will I be buying one (at least right now).
__________________
“The world ain't all sunshine and rainbows. It's a very mean and nasty place... and I don´t care how tough you are, it will beat you to your knees and keep you there permanently, if you let it. You, me or nobody, is gonna hit as hard as life. But ain't about how hard you hit... It's about how hard you can get hit, and keep moving forward... how much you can take, and keep moving forward. That´s how winning is done. Now, if you know what you worth, go out and get what you worth.” - Rocky Balboa | |
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11-04-2019, 08:46 PM
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#14948 | | Head of HR....have a seat on that couch
Join Date: Jan 2003 Location: Coquitlam
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Don't forget the massive increase in buying power you have, when yours is the cleanest offer on the table.
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Originally posted by v.b.
can we stop, my pussy hurts...
Originally posted by asian_XL
fliptuner, I am gonna grab ur dick and pee in your face, then rub shit all over my face...:lol
Originally posted by Fei-Ji
haha i can taste the cum in my mouth
Originally posted by FastAnna
when I was 13 I wanted to be a video hoe so bad RSUV #7 | |
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11-04-2019, 09:35 PM
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#14949 | | Waxin’ Punks
Join Date: Jun 2006 Location: South Surrey
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Originally Posted by blkgsr real estate commissions in the lower mainland area completely out of wack.
sure 10 years ago they may have made some sense what a really nice house was a $1M but now when every house is that price or more and they do even less work, screw off | 10 years is generous. I’d say 20 myself. Quote:
Originally Posted by westopher Thats why real estate is a fucking racket. When I was selling my home in Edmonton with Comfree I had Realtors take down my for sale signs, refuse to show it to clients, etc.
The day I listed it with a Realtor I had an offer for asking, so I basically paid someone 12k for a fucking hour of work. | This happens all the time. If you don’t play nice with local realtors they won’t bring buyers to your place. They can make up anything they want about a property if there’s no commission to be made on their end like it needs work or the pictures make it look much better than it is etc. They can make up any BS on the spot and learn what buyers like/don’t like about homes to use that against them. Most buyers will take their word and move on without thinking twice.
This has happened to me on both sides of the coin. I sold a place privately and had a tough time doing so in a hot area/market. The next place I bought, I got a heck of a deal because the seller refused to deal with realtors which pissed them off. He didn’t advertise it well and just had a FSBO sign on the street we happened to drive past. As a result he didn’t have much interest so I got a very fair deal on the property.
Long story short, if you find a place you like, check it out for yourself. Don’t take a realtor’s word if they’re cautioning you about it for any reason. Quote:
Originally Posted by Hondaracer Most of them are sacks of shit. Especially the “bigger” guys | This is true. Sadly, it’s the industry. Even if someone had honest intentions in the beginning of their career, they’ve probably lost deals/been burned and learned how to be successful the wrong way from the vets. If you can’t beat them join them mentality.
Of course I don’t want to over-generalize and have to believe there are good, honest realtors out there. It’s just a shame they’re so outnumbered it seems.
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If you drive like an asshole, you probably are one. Quote:
Originally Posted by MG1 punkwax, I don't care what your friends say about you, you are gold! | Quote:
Originally Posted by mikemhg What do your farts sound like then? | | |
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11-04-2019, 09:43 PM
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#14950 | | I STILL don't get it
Join Date: Jun 2005 Location: Vancouver
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My friend is asking me to invest in Squamish townhouse. He said there's a big profit to grow. What do you guys think?
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