Industry leaders are cautioning agents working Toronto’s west end, warning them about a seemingly ideal client intent on luring them to vacant properties.
Four months after having its hand slapped by TREB, this online brokerage is closing its doors.
Will the public pay for that information the same as Realtors do?And what Realtor doesn't give his Buyer client all the recent comparable sales so they can make an informed decision as to what to offer or not to offer since there are a lot of Realtors out there who purposely undervalue a property to encourage bidding wars?
Yes we should change the "entire" industry because Toronto and Vancouver, (the 2 centers of the earth) are out of control, just plain stupid. Just like the National Bank asking the "government" to bring in restrictions on down payments for these 2 cities, last time i checked National Bank makes their own lending policies, why ask big brother, grow a set and do it!Miles GodlontonAlberta
If a buyer is working with a competent representative, they should already be aware of what is or isn't achievable in the area(s) they are looking. Issues often result when prospective buyers run around to open house after open house without any representation hoping to find the right house at the right price. The reality is that very few homes are actually purchased by open house attendees. That was true before the "low list/multiple offer" strategies and it remains true.The market is currently in a state where demand for outweighs supply. As a result, multiple offers are going to happen anyway and occasionally a few of those offers are going to be over what the current perceived market value is for the property. This will happen with or without offers from those who believe that property may be available closer to the list price. Providing access to sold data may marginally change the number of offers received but it won't change the outcome.If a buyer is working with an agent and is their offers are consistently low in the overall mix, one of two things has happened. Either the agent has misread the buyer and should consider whether they are being realistic in what they can afford and expect or the buyer is not getting the right advice from the agent and needs to re-evaluate whether that agent is the right person for them to be working with.
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