3 ms·
Lots of comments about how hard of a market it is to get going. Of course it is but just wanted to point out it is possible. Here in Quebec there is "du proprio
by smashed 3y ago
Lots of comments about how hard of a market it is to get going. Of course it is but just wanted to point out it is possible. Here in Quebec there is "du proprio" [1] which is pretty successful and are getting significant market share. Anyone I know looking to buy is looking at both MLS and duproprio listings.
But I can tell it must be a very tough business. For one they have run continuous TV ads for years. The ads are targeting sellers only almost, and the main message is to save on realtor fees. So I'd suspect it's the listings that are the challenge, in a seller's market, the buyers will come.
Their offers/pricing for sellers is very thorough. Yard signs of course, but also pro photographers sessions, 3d virtual visit thingy (check it out its neat), full legal services to complete the transaction... Their online listings and overall experience is much better than MLS/Realtor websites.
In the end the platform was bought by PurpleBrick which is a slightly different business model I believe, and PurpleBrick was bought by a large credit union that might simply advertise mortgages? They never attempted to expand much outside of the quebec market afaik, but the platform looks like it's here to stay and going strong here.
[1] https://duproprio.com/en/ https://duproprio.com/en/
- moneywoes 3y agoIs it just me or is Quebec an a anomaly? Appears they have all sorts of distinct rules
- whynotmaybe 3y agoKinda, in Québec, there are many more consumer oriented protections like the "legal warranty" that allows someone to request repair outside of the 1yr/2yr warranty usually provided by the manufacturer. The duration of the "legal warranty" is related to the price and the usual life expectancy of an appliance. (7 yrs for a std washing machine). It's also illegal to make a loan with too high interest rate (above 30%).