I have sold a property at 708 396 Highway 7 ST E in Richmond Hill on Jan 30, 2024. See details here
Luxury 1+ Den South Facing Condo in Desirable Location In Richmond Hill. Sun-filled Suite W/ Large Windows, 9' Ceiling. Open Concept Modern Kitchen - Stylish Cabinetry, Quartz Countertop. The Den Could be Used as a 2nd Bedroom. Public Transit Nearby. Walking Distance To Restaurants, Shops & Grocery. Mins To Go Station, Hwy 404/ 407. 24 Hrs Concierge, Party/ Meeting Room, Library, Gym...
I have listed a new property at 708 396 Highway 7 ST E in Richmond Hill. See details here
Luxury 1+ Den South Facing Condo in Desirable Location In Richmond Hill. Sun-filled Suite W/ Large Windows, 9' Ceiling. Open Concept Modern Kitchen - Stylish Cabinetry, Quartz Countertop. The Den Could be Used as a 2nd Bedroom. Public Transit Nearby. Walking Distance To Restaurants, Shops & Grocery. Mins To Go Station, Hwy 404/ 407. 24 Hrs Concierge, Party/ Meeting Room, Library, Gym...
I have sold a property at 705 2908 Highway 7 RD E in Vaughan. See details here
Luxury Condo In the Heart Of Vaughan! 1 Bedroom + Den, Open Concept Layout! 9' Smooth Ceiling! Laminate Floors Thru-Out. Large and Bright Living Area Great For Entertaining. Close To Public Transit and Restaurants The Building Has Amazing Amenities.
I have listed a new property at 705 2908 Highway 7 RD E in Vaughan. See details here
Luxury Condo In the Heart Of Vaughan! 1 Bedroom + Den, Open Concept Layout! 9' Smooth Ceiling! Laminate Floors Thru-Out. Large and Bright Living Area Great For Entertaining. Close To Public Transit and Restaurants The Building Has Amazing Amenities.
I have sold a property at 292 Elgin ST W in Oshawa. See details here
Prime Location: Close To 401, Public Transit, Schools, And Oshawa Centre. Large Lot For A New Build Opportunity. Clean Home Ready For Move-In. Finished Basement With Kitchen And Separate Entrance For An Extra Income. Roof Replaced (2019&2021) Great Opportunity In A Mature And Desirable Mclaughlin Community.
Recently, I met a lady that was interested in buying a house. I introduced her to my ‘pay-as-you-go’ service and she was really interested. She’d bought homes before and was well aware that commissions these days are quite a considerable portion of the property price. She read my blog post and called me right away. She excitedly told me that this was how she’d wished to buy properties in the past because she is experienced enough to know what she needs the realtor to do.
In terms of the buyer agent representation agreement, she has a few concerns. I explained to her that the agreement between her and me was connected to the specific property and had an expiration date. If the offer for the property is not accepted, she becomes free to choose another agent or continue working with me to find another property and send a new offer to another property.
After she paid for the specific service of sending the offer, there were a number of other agreements that needed to be signed. She was confused and showed some hesitation because she was worried about the holdover period of 60 days. When she worked with other agents, she noticed that the agreements protected the interests of the agent. I explained to her that the holdover period as it fits within the services that I provide are connected again to the specific property that we sent the offer to. Obviously, she felt relieved because she has all the freedom and flexibility she needs to work with who she wants to and the focus of our work together becomes results-driven.
I received a call the other day from someone looking for an apartment. He started the conversation by expressing his doubts.
He started by looking at my website and raised some concerns about how he could buy a house with such big savings.
I am giving a 100% commission rebate and obviously, this isn’t how realtors in this industry normally work.
The traditional way of buying a property in Canada goes like this:
The buyer normally needs to hire a realtor to view properties
Then the realtor needs to draft and send an offer
The buyer doesn’t pay anything to the buyer agent because the commission is normally collected from the seller and equates to 2.5% of the purchase price. As property prices continue to go up, that 2.5% turns into a pretty big number.
Here are some important questions to think about when you’re buying a home.
Although the sale price of homes is going up, are realtors providing more value when they serve their clients?
Would you be interested in paying for only the services that you need?
Have you ever thought about the hourly commission that realtors make?
To find out more about how you can take advantage of these savings, feel free to send me an email or give me a call and we’ll start to figure out exactly which services you need.
You can also comment below and post your questions!
The checklist of real estate paperwork that the home seller need to sign
An acknowledgment that the seller has been explained the relationship between agency and the seller, client vs customer, multiple representation
Required to list your home in MLS
It is an acknowledgment that the home buyer or seller has to sign to indicate that the salesperson has explained the following:
The relationship between the real estate agency and the buyer or seller in Ontario.
The meaning of multiple representation and its impacts on the buyer or seller if it occurs.
The critical information.
This form needs to be signed and can be signed together with the other forms.
The buyer representation agreement is the relationship between the buyer or seller and the realty brokerage.
The salesperson, sales representative, realtor, and broker are all the designations of the individual who is representing and working on behalf of the brokerage with the buyer or seller, though most of those people mentioned above are self-employed.
It happens when 2 or more clients are involved in the same deal with the same brokerage.
In this situation, the existence of multiple representations needs to be disclosed to all the clients.
Multiple Representation has a large impact on both the seller and the buyer.
When Multiple Representation exists, before an offer can be placed, the brokerage needs to receive written consent from all the clients.
Realtors are required to disclose all information that impacts your purchase or selling decision.
Form 810 itself is quite straightforward and is mainly a general explanation of realty transactions. There is no obligation in the form to either buyers or sellers and it is safe to sign.
Integrity, competence, and negotiation skills are your primary concerns when choosing a realtor.
The house purchase or sale is a large stake to most families, and the associated $ amount in GTA can easily surpass the revenue of most small enterprises.
Therefore, it makes more sense, that you, as a seller or buyer, actually hire a role like a partner or professional manager to run the project for you instead of hiring a mediocre customer representative to provide the service such as showing and making an offer.
The whole process of either home buying or home selling is a system, complex and intertwining. Thus it requires your partner to possess the business acumen, and the similar capacity to run a business, besides the realty knowledge.
Your partner also needs to have the capability to provide a thorough analysis and reasonable predictability, he needs to help you manage the uncertainties, the changes, and the risks, and he needs to provide advice on your current and future planning and help you set up priority among many considerations.
To maximize your investment, he needs to formulate strategies and tactics before the negotiation and create and catch the opportunity once it arises.
Obviously, you need to consider the integrity and cost of hiring your potential partner as well. The effective balancing among the 3 components ( your partner’s capability, integrity, and cost) is the key to making a successful deal beneficial to both parties.
An easy call at 647-914-7337 to set up an appointment with me at my brokerage office in Markham. Let’s exchange your opinion, views, and my philosophy on how to run the project as your trusted partner and how I can maximize your interest and relieve your worries.
