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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
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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.
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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
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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.