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Selling with Property Guys- legal problems??

Member
Jun 11, 2010
248 posts
142 upvotes
ottawa
themiddleman112 wrote:
Nov 20th, 2016 11:52 pm
You want a house? You pay for the house. And why yes that would include paying for the costs involved to keep that house standing!

My friend. In a hot market EVERYONE benefits. Would you rather have $700,000 in profit after 10 years or lose $300,000 in maintenance and taxes? Pretty simple I think.

And I am not "snubbing" anyone off. At the end of the day it is your choice as to what route you want to take. I just can't stand people crying over petty things. Hey guess what? We also pay 13% sales tax to the government and then they take even more from our salary. Sucks right? But do you like living here? I sure do. There is a cost to everything whether you like it or not. Venting about paying a 5% fee after you just made a 70% return on investment is pretty ridiculous.

Just my 2 cents.
Sure, if someone signs up to pay 5% and then vents afterwards that's foolish. But your attitude of thinking everyone should just use a Realtor and 'oh come on, it's only 5%!' logic is purely illogical. It's easier than ever to buy/sell a property without a Realtor, the only difficult part really is finding time for the viewings. Getting a good lawyer and inspector is what's absolutely necessary for a smooth transaction. Given that those people paid hundreds of thousands over 10 years, and they took the risk of losing money on their investment (it's not always that housing markets go up, take a look at Vancouver right now), and the Realtor comes in for x number of days with pretty much zero risk means you're getting 5% or $100k for a pretty risk-free investment on your end. I can see why people aren't interested in that. And to come in with your attitude saying they need some Kleenex, shows why no one likes the fact that people think they can be hot shot Real Estate agents and make some money of other people's assets.
Newbie
Nov 19, 2016
3 posts
1 upvote
barqers wrote:
Nov 21st, 2016 12:12 am
Sure, if someone signs up to pay 5% and then vents afterwards that's foolish. But your attitude of thinking everyone should just use a Realtor and 'oh come on, it's only 5%!' logic is purely illogical. It's easier than ever to buy/sell a property without a Realtor, the only difficult part really is finding time for the viewings. Getting a good lawyer and inspector is what's absolutely necessary for a smooth transaction. Given that those people paid hundreds of thousands over 10 years, and they took the risk of losing money on their investment (it's not always that housing markets go up, take a look at Vancouver right now), and the Realtor comes in for x number of days with pretty much zero risk means you're getting 5% or $100k for a pretty risk-free investment on your end. I can see why people aren't interested in that. And to come in with your attitude saying they need some Kleenex, shows why no one likes the fact that people think they can be hot shot Real Estate agents and make some money of other people's assets.

Well obviously you had the time to do it yourself and it worked out so I applaud you but not everyone does and it doesn't always work out as "smooth". You keep stressing the amount of "days" that it takes an agent to find a buyer for their client. Why does the days it takes to sell a house matter at all to the client? You still get your house sold correct? Whether it takes 1 day or a year, it changes nothing. The result is the same. And most homeowners would rather it be sold quicker than later I would think. Do you really think a homeowner looking to sell their house is going to say " Hey Mr. Real Estate agent...can you please take your time when selling my house? That way I can feel like my money is well spent on your commission. Take a year if you have to. Thanks!". Probably not...

It's like arguing why movie stars and athletes get paid so much. "That Brad Pitt got paid $30 million for that movie! What the hell!? It probably only took about 3 months to shoot!" or " That Ronaldo averages $500,000 per game! Ridiculous!" . Now imagine a world without movies or sports...pretty depressing right? Hey man, if I had it my way I would pay doctors and teachers what movie stars and athletes get paid but sadly the world does not work that way. A CEO of a fortune 500 company makes millions per year compared to an entry level guy working at the same company. Is the CEO working 50 times the hours that the entry level guy is? No, but he gets paid that much because he's in charge of the entire company and one false move could destroy everything. A real estate agent can sell a house a lot quicker than your average DIYer because he/she has access to valuable information,tools,marketing, networks, and negotiating power - this is what you are paying for. If my toilet breaks, I call a PLUMBER and he fixes it in 10 minutes rather than me staring at it for weeks trying to figure out what's wrong and destroying my internal organs because I cannot piss or crap. Everyone has a role in this thing we call life.

So yea...here's a tissue :)
Member
Jun 11, 2010
248 posts
142 upvotes
ottawa
themiddleman112 wrote:
Nov 21st, 2016 2:20 am
Well obviously you had the time to do it yourself and it worked out so I applaud you but not everyone does and it doesn't always work out as "smooth". You keep stressing the amount of "days" that it takes an agent to find a buyer for their client. Why does the days it takes to sell a house matter at all to the client? You still get your house sold correct? Whether it takes 1 day or a year, it changes nothing. The result is the same. And most homeowners would rather it be sold quicker than later I would think. Do you really think a homeowner looking to sell their house is going to say " Hey Mr. Real Estate agent...can you please take your time when selling my house? That way I can feel like my money is well spent on your commission. Take a year if you have to. Thanks!". Probably not...

It's like arguing why movie stars and athletes get paid so much. "That Brad Pitt got paid $30 million for that movie! What the hell!? It probably only took about 3 months to shoot!" or " That Ronaldo averages $500,000 per game! Ridiculous!" . Now imagine a world without movies or sports...pretty depressing right? Hey man, if I had it my way I would pay doctors and teachers what movie stars and athletes get paid but sadly the world does not work that way. A CEO of a fortune 500 company makes millions per year compared to an entry level guy working at the same company. Is the CEO working 50 times the hours that the entry level guy is? No, but he gets paid that much because he's in charge of the entire company and one false move could destroy everything. A real estate agent can sell a house a lot quicker than your average DIYer because he/she has access to valuable information,tools,marketing, networks, and negotiating power - this is what you are paying for. If my toilet breaks, I call a PLUMBER and he fixes it in 10 minutes rather than me staring at it for weeks trying to figure out what's wrong and destroying my internal organs because I cannot piss or crap. Everyone has a role in this thing we call life.

So yea...here's a tissue :)
Sorry man, you sound like a used car salesman here. I personally don't care how long it takes, the shorter the better if you're paying someone to sell your house, 30 days was the average time to sell... Secondly, you really do only need a good lawyer and inspector to have a good transaction, (T)OREB shows you how to fill out the forms, and if you have a good lawyer you can ask for a review of the terms of sale, which they wouldn't charge $100k for. And comparing yourself to world-class athletes is a joke, I'm sorry. There's only 1 Ronaldo, only 1 Brad Pitt, maybe one or two who are as good as they are, so watching them play is a spectacle. Realtors are a dime a dozen, and if you think you're so insanely better than the rest then you should have your own agency, 'my friend'.

It sounds like you want to pressure people into becoming clients, and like I said before, it's your attitude. My family/friends use Realtors, it's their personal choice, I don't try and tell them to sell/buy without one. But to act like you're 100% necessary to complete a transaction just know that you're not, and the information you do possess over others is basically just the MLS database, and experience (but in your case not experience because you're not even a Realtor yet). Just keep that in mind and try and humble yourself instead of trying to line your pockets because you think this is an easy cash grab.
Newbie
Jul 10, 2017
4 posts
Do not go with property guys! I was contacted by them when i posted on kijji to sell my property. They convinced me that i would save money and have the benefit of an MLS listing and legal advice.
What a joke! I was given 10 booklet sized pamphlets with photos of the place and a few signs. I was told they would organize my viewing and call me to do them with times that fit my schedule. There has been nothing for 4 months. NOT ONE VIEWING OR CALL whatsoever. While other places are selling in the same complex. Then when i call them they say "condos are selling" "its a hot market" ALL LIES. Now they are saying i owe them the commision when they did nothing to earn it. If you go with a realtor they make nothing till you sell the property, so they are motivated to do something. All property guys is an over priced listing agent. Comfres is cheaper and houses sell with them. Also you have to pay the buyers agent as well so you dont save any money. The realtor would have been cheaper and i would have had a far better experience. Save yourself the money and the headache and get a realtor.
Newbie
Jan 20, 2012
66 posts
70 upvotes
Barrie
I sold my last house on kijji and all we did was put in the offer as a condition "on approval of our lawyers". Worked great. Next time I would see my lawyer first and get them to provide me with the offer contract as that way they are familiar with the contract and will charge less. This is not rocket science and as far as agents go they will all screw you for a sale just some do it nicer. Btw I got $3000 less than what the realator was going to list for.
Newbie
Jul 10, 2017
4 posts
Thats what happened to me. I listed with property guys. They claimed all these savings but failed to tell me that no buyers agent will come out with a client unless i pay their commission, which translates to no savings. I ended up paying their fee and renting the place out. All property guys does is put it on MLS and give you brochures for 3000. not worth it!

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