Quote:
Originally Posted by 6thGear.
When it comes to listing a property there's a lot of other associated costs even if it seems minor like $200 for a floor plan.
MLS list fee
Photos
Matterport tours
Videos
Title search fee
Strata docs ( if applicable)
Form B
Form F
Fixing up eyesores/damaged issues
Staging ( lots of clients ask for this)
Sellers fee ( that's obviously the big one)
gas spent to drive back and forth for weeknight showings
Brokerage percentage cut
Housewarming gift
Then there's the final nail, clients asking for kickbacks/covering lawyer fees/disperserment fees/moving costs. That $20k pre split commission looks grand but all said and done can be as low as $2k-$3k
The statement a property sells itself is such a misconception especially these days. Every seller thinks they're sitting on a goldmine and expecting competing multiple offers for their worn down home. The media glamorizing the market doesn't help either. Any realtor who doesn't offer even half of the above list should be giving up portion of their commission.
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I wish I had an experience like that, my sell and buy experience right prior to pandemic when market was much more flat.
Pros:
-They did hire a professional photographer and photos were good.
-They were available whenever to speak
-Two open houses?
Cons during Sale:
-Open houses, wasn't informed of day and time found out about them on MLS
-They never met a realtor at my home to show it other than the open house and scheduled showings probably 5 times a week almost always at dinner time so we'd have to tidy up after work get out with my wife, son and two dogs and wander around for an hour or two depending if they showed up on time which honestly 1/3 the time they didn't and some of the times it was a no show so we'd be walking around for nothing.
-No house warming gift on the sale or the buy end
Cons during Buy:
- I would give them a list of homes I'd want to see, half of them they wouldn't get me in and most times not because they were sold either over looked or didn't want me to see them. My wife and I would go see them on our own during open houses.
- They really didn't do much as far as show me different areas I might be interested in.
- Never took us to a showing we'd always meet them there, never a day where they took us around looking at homes.
- Buy end I dealt almost solely with their assistant who was an idiot.
- At one point couldn't find a place was going to rent, they never offered to help in finding us a rental.
-Lastly, they couldn't take criticism. At one point I basically told them they better step it up or I'm firing them, they came back with every excuse and tried to turn it that really pissed me off.
Would I recommend? Hell no! What I learned? If I ever list again I will have a 2 hour window once a week for showings and that's it, if my realtor doesn't agree to that or if someone can't make it during that time it's probably not the listing/house for them.
Edit: One funny thing that happened. We had an accepted subject to sale offer on our home for like 3 months, during that time I had basically taken the house off the market and was like if this doesn't go through that's fine we don't sell. During that time I had them remove their stupid sign. It finally did close and he called me and is like can I put our sign back up with a sold sign so the neighbours know we did sell it? I'm like absolutely not, my little bit of a go fuck yourself to them.