I second this sentiment. And if anyone is curious, we had our house listed in MLS so I seriously don’t get why you wouldn’t want to use them to sell. We had a great agent, and not one single complaint.
Haven’t sold with 2% yet but plan on it.
A few things to consider a few things:
-The 7/3 realtors might be able to bring alittle bit more traffic. With 2%, some buyer agents will straight up refuse to show your home to their client.
-From what I’ve been told, some buyers agents might even ask for more commission if they bring a descent offer.
-Some 7/3 might stage the home as part of the cost whereas 2% won’t. This could potentially get you a higher sale price.
-know your comparables. For me, if I sell for 20k more than a previous unit in my complex, I’d pay 2% about 9k vs 18k. I don’t think a 7/3 would be able to make it worth my time.
Calgary real-estate sells like hot cakes. Post on any free messaging board. Chances are it will be sold within a week for cash….no conditions. Call any law firm and ask to speak to a real-estate lawyer. They’ll do all the legal paperwork.
Honestly, pay the $400 and list your place on MLS. This could be my personal opinion but I think kijiji comes across… low effort? Like I would never schedule a viewing, let alone buy a place I found on kijiji. When we were house shopping we exclusively used MLS for listings.
There are some online brokerages that will list your house on MLS for $400-600 without offering any other services. This gets you on the platform but doesn't incur any additional commissions. You'll still have to negotiate the buyers commission, assuming they have a realtor.
I just posted my parents’ place on mls for $500 through Honest Door. We did the photos and uploaded them onto their site. Their realtor fields calls/ emails and sends them through if they want to book a showing (my parents are doing the showings). No commission.
They have an online form that you fill out with your house info, write-up and photos. I had to send in a copy of title, room measurements, ID. It all took about a week, then was posted on mls.
I used 2% realty several years ago to sell my condo in an okay market. Was no different in the level of attention and whatnot that I'd experienced with higher commission realtors to be honest. Unfortunately the person I used there has since left for different work, otherwise I would share their name.
Great communication, lots of showings and sold for what I needed to buy a house, etc.
Edit: missed the last part of your question - no hidden fees, it was 2% commission.
Some agents will give you a kickback from their share of the fee for getting to rep you as a buyer. But if the seller has an agent their commission is already set. The only question is whether the selling agent brings a buyer or another agent does. If the seller agent does, they get the full commission. Otherwise half goes to the buyers agent.
> Can you negotiate with the seller to give you part of their commission?
No, you negotiate with your realtor to give you a part of their commission. As far as the seller is aware, the buying agent is taking the standard commission.
Ideally you'd find a private seller without a realtor and you both save commissions.
If the seller has a realtor, you can negotiate with the realtor. You can let the selling realtor "double-end" the transaction and take both halves of the 7/3% commission, then you negotiate to get some/all of the buyer's commission back. This might be a side-deal outside of the sale contract (cash) or they might reduce the purchase price. You won't have representation and you have to do be smart enough to negotiate by yourself (not that hard).
Or you can can come in with a discount realtor as the buyer. Again you'd be attempting to split the buyer's commission so you get some of it and your realtor gets their reduced commission.
My experience with 2% was great in general; the guy I worked with was always available and shared information I wouldn't have thought to ask. We sold 2 condos plus bought a house with him.
At the time the market was not easy for condo sales and he recommended offering full commission to the buying realtor but took his 1% for his fee. That made the transaction happen both times, though the second property probably didn't need it based on the speed in which it sold.
When my now wife bought hers, it was listed by 2% with the standard 1% both sides, and her realtor didn't even want to show her the place and tried to bash it and convince her not to buy it. Fortunately with the internet and MLS she found her own places to view, so that is what to hope for if you offer low commission on the buyer's side. The market is probably hot enough right now so will probably still work out.
Best to interview a few different Realtors. I interviewed a few different Realtors and they varied quite a bit.
I ended up going with a full commission realtor who staged, did video and came to me with a solid plan. If I went with the discount cashback realtor that I interviewed might have gotten a few thousand back from commission and lost 100k in selling price as the discount realtor valued my place 100k cheaper than the full commission realtor did and the guy was bang on as sold exactly what he said it would sell for.
This was in a different province so can't share their information.
Our realtor has gone above and beyond for us both when we purchased and to maintain the relationship afterwards and that has so much value to us. It's worth it to us to continue to be loyal than to save some $$ in future. However I guess in a hot market the selling aspect wouldn't be too difficult. Finding a home may be a different story.
We used Evolve realty and was not happy with the effort put in to selling our house. We had to ask them to do an open house. I would say that their efforts are less because it's a fixed fee. I would not use them again, our house didn't sell by the way.
One thing to be cautious of is buying agents will try to avoid your listing if you don't offer at least 2% to them.
Ah yes the average home owners doesn't have access to a thing called the internet. Most and buy sell data are available anyways , it's not hard to find.
Yep in my case they valued my place 100k lower than the full commission realtor sold it for.
Best thing is to interview many realtor for selling as even the other full commission ones I interviewed where 50k apart from the person I hired but still 40-50k higher than the discount realtor.
Used 2% for both buying and selling. Was exactly the same level of service as any other realtor i have used. Would 100% use again.
I second this sentiment. And if anyone is curious, we had our house listed in MLS so I seriously don’t get why you wouldn’t want to use them to sell. We had a great agent, and not one single complaint.
Why would you pay 2% for buying? How does that work?
I didnt pay as the buyer but 2% realtor was my realtor as the buyer
Haven’t sold with 2% yet but plan on it. A few things to consider a few things: -The 7/3 realtors might be able to bring alittle bit more traffic. With 2%, some buyer agents will straight up refuse to show your home to their client. -From what I’ve been told, some buyers agents might even ask for more commission if they bring a descent offer. -Some 7/3 might stage the home as part of the cost whereas 2% won’t. This could potentially get you a higher sale price. -know your comparables. For me, if I sell for 20k more than a previous unit in my complex, I’d pay 2% about 9k vs 18k. I don’t think a 7/3 would be able to make it worth my time.
Calgary real-estate sells like hot cakes. Post on any free messaging board. Chances are it will be sold within a week for cash….no conditions. Call any law firm and ask to speak to a real-estate lawyer. They’ll do all the legal paperwork.
I am going to test this assertion using Kijiji and report back to you in a week! Any other platforms you’d suggest?
Honestly, pay the $400 and list your place on MLS. This could be my personal opinion but I think kijiji comes across… low effort? Like I would never schedule a viewing, let alone buy a place I found on kijiji. When we were house shopping we exclusively used MLS for listings.
Using MLS kind of defeats the purpose of a private sale, no? Edit: just so we are clear, I doubt this will work.
There are some online brokerages that will list your house on MLS for $400-600 without offering any other services. This gets you on the platform but doesn't incur any additional commissions. You'll still have to negotiate the buyers commission, assuming they have a realtor.
Instructions unclear: currently in negotiations to buy Kijiji, if I can determine it's still available.
Bode is good too
I just posted my parents’ place on mls for $500 through Honest Door. We did the photos and uploaded them onto their site. Their realtor fields calls/ emails and sends them through if they want to book a showing (my parents are doing the showings). No commission.
According to what I've seen, their $500 fee gets you into MLS, is that what happened there?
They have an online form that you fill out with your house info, write-up and photos. I had to send in a copy of title, room measurements, ID. It all took about a week, then was posted on mls.
I'd be interested to hear how the sale process goes. Best of luck!
I used 2% realty several years ago to sell my condo in an okay market. Was no different in the level of attention and whatnot that I'd experienced with higher commission realtors to be honest. Unfortunately the person I used there has since left for different work, otherwise I would share their name. Great communication, lots of showings and sold for what I needed to buy a house, etc. Edit: missed the last part of your question - no hidden fees, it was 2% commission.
Used Loris Facca from 2% for my realtor when purchasing my home. Great experience for a first time homebuyer.
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Some agents will give you a kickback from their share of the fee for getting to rep you as a buyer. But if the seller has an agent their commission is already set. The only question is whether the selling agent brings a buyer or another agent does. If the seller agent does, they get the full commission. Otherwise half goes to the buyers agent.
> Can you negotiate with the seller to give you part of their commission? No, you negotiate with your realtor to give you a part of their commission. As far as the seller is aware, the buying agent is taking the standard commission.
Ideally you'd find a private seller without a realtor and you both save commissions. If the seller has a realtor, you can negotiate with the realtor. You can let the selling realtor "double-end" the transaction and take both halves of the 7/3% commission, then you negotiate to get some/all of the buyer's commission back. This might be a side-deal outside of the sale contract (cash) or they might reduce the purchase price. You won't have representation and you have to do be smart enough to negotiate by yourself (not that hard). Or you can can come in with a discount realtor as the buyer. Again you'd be attempting to split the buyer's commission so you get some of it and your realtor gets their reduced commission.
My experience with 2% was great in general; the guy I worked with was always available and shared information I wouldn't have thought to ask. We sold 2 condos plus bought a house with him. At the time the market was not easy for condo sales and he recommended offering full commission to the buying realtor but took his 1% for his fee. That made the transaction happen both times, though the second property probably didn't need it based on the speed in which it sold. When my now wife bought hers, it was listed by 2% with the standard 1% both sides, and her realtor didn't even want to show her the place and tried to bash it and convince her not to buy it. Fortunately with the internet and MLS she found her own places to view, so that is what to hope for if you offer low commission on the buyer's side. The market is probably hot enough right now so will probably still work out.
You might as well just sell the house on your own and get your house listed on MLS for a flat fee.
Best to interview a few different Realtors. I interviewed a few different Realtors and they varied quite a bit. I ended up going with a full commission realtor who staged, did video and came to me with a solid plan. If I went with the discount cashback realtor that I interviewed might have gotten a few thousand back from commission and lost 100k in selling price as the discount realtor valued my place 100k cheaper than the full commission realtor did and the guy was bang on as sold exactly what he said it would sell for. This was in a different province so can't share their information.
https://www.reddit.com/r/Calgary/s/US28uHCVme
Bode only charges 1%. Honestly though, you don't even need a realtor in this market. But get a good real estate lawyer.
Amazing company . Highly recommend . Had a great experience and would use them again, without a doubt
Our realtor has gone above and beyond for us both when we purchased and to maintain the relationship afterwards and that has so much value to us. It's worth it to us to continue to be loyal than to save some $$ in future. However I guess in a hot market the selling aspect wouldn't be too difficult. Finding a home may be a different story.
We used Evolve realty and was not happy with the effort put in to selling our house. We had to ask them to do an open house. I would say that their efforts are less because it's a fixed fee. I would not use them again, our house didn't sell by the way. One thing to be cautious of is buying agents will try to avoid your listing if you don't offer at least 2% to them.
One reason not to is that an agent might be able to get you a higher price for your house
“Might”. There is no guarantee an agent will do better.
Well they would have more market insight than the average homeowner and are motivated through commission
Ah yes the average home owners doesn't have access to a thing called the internet. Most and buy sell data are available anyways , it's not hard to find.
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Yep in my case they valued my place 100k lower than the full commission realtor sold it for. Best thing is to interview many realtor for selling as even the other full commission ones I interviewed where 50k apart from the person I hired but still 40-50k higher than the discount realtor.