real estate agents

[bonanzabob]

realtors

As to your contention that there is evidence that realtors list for longer, sell for higher; never heard that and doubt if there is solid evidence to that effect.

The book is called "Freakonomics"....lots of very interesting stuff, but the realtor study is documented there.

 

[LonelyGhost]

Where I practised the real estate agent was liable for a proper representation of the condition of the property, including things s/he "should know." This translated into monetary protection as the client could sue. There were many cases I knew of where property conditions were the basis of a successful suit many years later.
And believe it or not buyers want insulation,if not protection,from overly emotional sellers. Better to deal at arms length.


Thing is LG what your doing is generalizing your experience and/or viewpoint into a statement of facts, when all it is is your opinion. I'm not saying it's the only system or even the best, but it works for enough people that it keeps going despite the bitching.

1. we are not afforded such protection here in BC.

2. I had to sue a realtor for breach of contract.

3. The house I just bought was listed by a realtor: the 'seller' had to drop the price three times over the span of two months. I made an offer and bargained hard (MY realtor kept saying it was SUCH a good deal!) ... I still had to put thousands into the house to make it liveable, and the guy who sold it basically paid off his mortgage the day before foreclosure.

so, there are some 'facts'. the situation may be different elsewhere, but here in BC you better be prepared to watch your own interests carefully because not one realtor is going to do it for you.

 

[JaJaBinks]

in with some informed opinion instead of just dumb ass rants.

The quote above sounds reasonable right? Maybe, maybe not.

True example. A woman wants to list her house for $690,000. The market has topped out and slowed down. The agent tells her the best price would be around $595,000. Her bf goes ballistic, they settle on $640,000. A week later an offer for $590,000. Agent "pressures" her to take it; bf again goes ballistic says that would be "robbing her of $50,000." They don't bother to counter-offer. Market goes south faster. Several offers come in, never enough. Agent after 3 months convinces seller to drop her price. Bf is a real problem but she does. Long story short. She gets another agent. Finally, 6 months after first listing she sells for $410,000, a whopping $180,000 less than she could've had if she'd listened to the first realtor. First agent worked his butt off, got diddley. She and her bf break up. Kicker to the story. She and her late husband had bought the house 10 years previously for $61,000. Money talks and bullshit walks.

I think i know this property. Its in Port Moody?

 

[blazejowski]

I can't say I am a fan of real estate agents myself...

A family member of mine worked for a firm for about 2 years, and she said they are nothing but a bunch of back-stabbing sycophants....

And when my parents sold their place, a "friend" of theirs who was a realtor "sold" the house for them - and by "sold" he put a listing on a website, and had other agents sell it for him, all the while claiming a nice fat commission for an hour's worth of work. What an asshole...

I tend to spit on his bus stop advertisements, cause he was such a prick to our family...