4 ms·

The catch is you don't know whether you under priced your house for that or well more than that unless you paid an appraiser or broker to help you set the price

by sgc 8y ago

The catch is you don't know whether you under priced your house for that or well more than that unless you paid an appraiser or broker to help you set the price. Most FSBOs sell for under market.

cheerlessbog 8y ago
You don't need an agent or broker to get an appraisal. In fact an agent arguably has a conflict of interest because a lower priced house will sell faster with little effect on their payout.
- sgc 8y ago
  I did mention that option. It is funny how some people are upset that agents might want to force the price up, and others that they might want to force the price down. Agents have a fiduciary relationship. They must look out for their client's best interests by law. Some are not great, some are not honest. But that is the same for any field. In my experience most are honest and hard working, but the few with less scruples tend to be the highest volume agents. If someone were looking for an agent, if I knew nothing about anyone involved, I would recommend to start looking with agents with a number of years of experience but just average sales. A large reason for their average sales might just be integrity. Newer agents can be great as well because they will work three times as hard, but they are newer for better and for worse.
_fizz_buzz_ 8y ago
You also don't know if you under priced your house if you go through an agent.
- sgc 8y ago
  Normally your agents pulls comps from the MLS and can articulate their pricing strategy to you. They also watch the market and can articulate to you why or why not their should be a price change during a listing. Again, on average, FSBOs sell for less, enough to make up the difference on agent commission.
richjdsmith 8y ago
You can get a house appraised for around $1200 CAD in the town I used to work in real estate in. Pay that instead.

4 ms·

The catch is you don't know whether you under priced your house for that or well more than that unless you paid an appraiser or broker to help you set the price

by sgc 8y ago

The catch is you don't know whether you under priced your house for that or well more than that unless you paid an appraiser or broker to help you set the price. Most FSBOs sell for under market.

cheerlessbog 8y ago
You don't need an agent or broker to get an appraisal. In fact an agent arguably has a conflict of interest because a lower priced house will sell faster with little effect on their payout.
- sgc 8y ago
  I did mention that option. It is funny how some people are upset that agents might want to force the price up, and others that they might want to force the price down. Agents have a fiduciary relationship. They must look out for their client's best interests by law. Some are not great, some are not honest. But that is the same for any field. In my experience most are honest and hard working, but the few with less scruples tend to be the highest volume agents. If someone were looking for an agent, if I knew nothing about anyone involved, I would recommend to start looking with agents with a number of years of experience but just average sales. A large reason for their average sales might just be integrity. Newer agents can be great as well because they will work three times as hard, but they are newer for better and for worse.
_fizz_buzz_ 8y ago
You also don't know if you under priced your house if you go through an agent.
- sgc 8y ago
  Normally your agents pulls comps from the MLS and can articulate their pricing strategy to you. They also watch the market and can articulate to you why or why not their should be a price change during a listing. Again, on average, FSBOs sell for less, enough to make up the difference on agent commission.
richjdsmith 8y ago
You can get a house appraised for around $1200 CAD in the town I used to work in real estate in. Pay that instead.