Real Estate

Cheapest agent to sell my house

  • Last Updated:
  • Sep 21st, 2020 11:40 am
[OP]
Sr. Member
Mar 10, 2004
762 posts
274 upvotes

Cheapest agent to sell my house

I’m looking for a cheap but good agent in Ottawa to sell my house. Please recommend. Thank you
16 replies
Sr. Member
Sep 15, 2012
656 posts
298 upvotes
Mississauga
Cheap
Good

Pick one lol
Sr. Member
Dec 19, 2010
849 posts
308 upvotes
I get how an agent could be considered “cheap”
Cheap agent = 1% listing agent commission

Good agent = what do you define as a good listing agent...especially in this hot market where decent homes are selling very quickly often at or above listing price? Negotiation skills, throwing in staging services, market analysis to be well priced and not leave money on the table?
Jr. Member
Sep 13, 2007
148 posts
184 upvotes
toronto
tempperm wrote: I’m looking for a cheap but good agent in Ottawa to sell my house. Please recommend. Thank you
I understand what you mean. Try to talk to a few agents and find out how they plan to work with you to exceed your expectations. I wouldn't start out with lowest or highest commission as a basis to negotiate. My focus would be to retain services that allow me to maximize my return while giving me a great experience along the way.
Member
Aug 22, 2016
495 posts
280 upvotes
Ottawa RE is currently super hot. renovate, stage, list low, review no conditional offers only, sell it to highest bidder. With all the new builds happening in every part of the city, the first two steps are critical to sell way over asking in Ottawa and if you dont have experience in how to do them, you may need a good Realtor to guide.
Deal Addict
User avatar
Oct 26, 2007
2353 posts
1661 upvotes
YYZ
i dont think quality / cheap come in one sentence often.
just like with anything in life you get what you pay for.
If i want a BMW and pay for a civic am i expecting the same type of car?

have realistic expectations, interview many agents and move forward from there.

good luck.
Licensed Full Service Realtor
Deal Addict
Jun 7, 2017
1027 posts
798 upvotes
BC
kesleaf wrote: Cheap
Good

Pick one lol
Haha, no, that's a myth propagated by RE agents.
[OP]
Sr. Member
Mar 10, 2004
762 posts
274 upvotes
kesleaf wrote: Cheap
Good

Pick one lol
Cheap. Give me one. Good. Give me another.
[OP]
Sr. Member
Mar 10, 2004
762 posts
274 upvotes
bLuPhYrE wrote: i dont think quality / cheap come in one sentence often.
just like with anything in life you get what you pay for.
If i want a BMW and pay for a civic am i expecting the same type of car?

have realistic expectations, interview many agents and move forward from there.

good luck.
If i have to choose i ll pick cheap. No frills.
[OP]
Sr. Member
Mar 10, 2004
762 posts
274 upvotes
Thanks... What is Purplebricks, how does it work?
Member
Jan 6, 2011
251 posts
370 upvotes
toronto
lol, a lot of RE agents in this thread
Sr. Member
User avatar
Feb 16, 2017
567 posts
238 upvotes
2% is always firm for buyers agent so no way you can find one for 1% which will be like 0.5 for seller and 0.5 for buyer lmao
Deal Addict
User avatar
Oct 26, 2007
2353 posts
1661 upvotes
YYZ
mattdominic wrote: 2% is always firm for buyers agent so no way you can find one for 1% which will be like 0.5 for seller and 0.5 for buyer lmao
i think op looking for that ideal situation. 0.5 each side

im sure tons of realtors will be flocking to show the listing.

at least op is saving a ton of money.
Licensed Full Service Realtor
Deal Fanatic
Jul 4, 2004
6542 posts
2815 upvotes
Ottawa
FWIW, I know of 2 freehold townhome listings that sold this summer. Both should have been attractive and generated bidding wars but neither did and one thing they had in common is that both were military transfers and the military pays commission but it only pays 3.5% total so both were listed paying 1.75% to buying agent. It's certainly not scientific but I believe that might be the reason neither had multiple offers (there are many agents that won't show properties to clients if they don't pay at least 2% (some even don't show if it doesn't pay 2.5%))

If you are military relocating, my suggestion is that you offer 2.5% to the buyer (adding 0.75% out of your pocket to the 1.75% that the military will refund). It might cost you $1k-2k our of your pocket but if you might end up selling for $25-50k or more higher.

If you don't want to list yourself, don't hesitate to PM me for the contact info for an agent that will list for 4.5% (2.5% buyer/2.0 listing).
Sr. Member
May 3, 2013
675 posts
272 upvotes
Toronto
It is rare to find cheap and good. The only way you can find a "cheap and good" Realtor are those who don't care about the income (but believe in fair compensation) and have a strong interest in real estate. Having said that, I don't work the Ottawa area and don't know anyone either.

Unless you know what you are doing, I don't recommend DIY. I've mentioned this before, I love DIY sellers, that's where I find good deals for myself and my clients. If you are not in a hurry to sell or will be happy if it sells above a specific point, then DIY could work for you.

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