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RFlush 03-07-2015 11:28 AM

Quote:

Originally Posted by jasonturbo (Post 8606071)
Too bad most realtors (basically every one I know/have met) don't know fuck all about anything, especially finances, economics, or home construction. Then again, why would they, it's what? 6 weeks to complete the course?!

Woah woah woah! These guys are UBC Sauder School of Business alumni! Let's show some respect for these graduates.

:troll:

blkgsr 03-07-2015 02:24 PM

i met with a 1% realtor today, she seemed pretty good.

didn't try to bull shit me on anything...she addressed the thought that some realtors might skip by their listings but with so few available houses and with home buyers doing alot of the looking themselves it shouldn't be an issue

brought with her a listing that sold last month in my area....listed at $649,000 sold for $693,00 in 2 days

multicartual 03-07-2015 03:54 PM

Quote:

Originally Posted by blkgsr (Post 8606309)

brought with her a listing that sold last month in my area....listed at $649,000 sold for $693,00 in 2 days


My girlfriend put an offer on a house last week for 895k


It sold the next day for 975k and the buyer paid cash

blkgsr 03-07-2015 04:01 PM

haha holy fuck

Gumby 03-07-2015 04:02 PM

On the same vein, my relative from HK recently offered 2.0M for a west-side house, slightly above asking price.

It sold for 2.4M!

multicartual 03-07-2015 04:04 PM

Quote:

Originally Posted by Gumby (Post 8606339)
On the same vein, my relative from HK recently offered 2.0M for a west-side house, slightly above asking price.

It sold for 2.4M!


https://www.facebook.com/VancouverVanishes


All these nice houses getting ripped down to build some gaudy megabox


:smug:

GLOW 03-07-2015 05:40 PM

Quote:

Originally Posted by multicartual (Post 8606335)
My girlfriend put an offer on a house last week for 895k


It sold the next day for 975k and the buyer paid cash

dude, why didn't you convince her to rent some sweet-ass pad in gastown instead of buying?

411ken 03-07-2015 11:12 PM

Based on you guys' knowledge/experience. Would it be better to list a 370-380k town home in surrey through 1% realty or through one of the "bigger"companies.

RickyTan3 03-08-2015 03:22 AM

if you know what you want. Negotiate by yourself.

Gunsmokez 03-08-2015 08:54 PM

Problem with 1% realty is that some realtors boycott ALL listings being hosted by them. Meaning they will not bring their clients there.

So up to you, if not in a rush to sell. Sure why not! But, if you are in a rush and got another place to buy then I would rather the lather.

411ken 03-08-2015 09:15 PM

Yea, I was thinking that too..but I was thinking if most buyers search for homes on their own online nowadays then it's worth a shot to save some $ if it works out.. that's my train of thought with going with 1% lol

CRS 03-09-2015 12:37 AM

Is it just me or is every house on the market basically listing above their assessment value by like 100k?

Special K 03-09-2015 01:02 AM

Fml...

Our budget was $750k-$900k in January. Now that the CAD went to the shitter and rates went down, I'm looking at $800k-$1m for these same houses.

Better yet, we discovered that a downhill plan in Burke Mountain is way better than uphill. It's going to cost $1.25m.

Spent the whole Saturday looking at all active listings in Burke Mountain under $1.2m. Today we went to see a townhouse in Vancouver. Underwhelming. And what's the appeal with those "big" houses that gets chopped into 3-4 with 1000 sq ft in Kits charging $850k? They are not appealing at all.

Conclusion: rent until kids pop out. End of rant.

multicartual 03-09-2015 06:24 AM

So many white people are not going to reproduce because they've been priced out of a family home and they refuse to move to Surrey


Crazy when I think about all of the intelligent people I know in their mid 30's and now 40's who basically know they've got to leave Vancouver if they will ever have a place to raise a family, sad.


Dumps in East Vancouver are so ridiculously priced even, went to see a place on like 13th and Fraser, they wanted 700k for a place with a fucked foundation, tiny plot of land and the backyard overlooks a parking lot and a car rental yard.

GLOW 03-09-2015 07:18 AM

Quote:

Originally Posted by CRS (Post 8606886)
Is it just me or is every house on the market basically listing above their assessment value by like 100k?

at the very least...if it's not, it's probably a realtor strategy to list it 'low' in their eyes to stir up interest/bidding war.

Quote:

Originally Posted by multicartual (Post 8606908)
So many white people are not going to reproduce because they've been priced out of a family home and they refuse to move to Surrey

Dumps in East Vancouver are so ridiculously priced even, went to see a place on like 13th and Fraser, they wanted 700k for a place with a fucked foundation, tiny plot of land and the backyard overlooks a parking lot and a car rental yard.

it will create a gap in the work force in your industry if that's the case, better branch in to asian genre :troll:

yes it's pretty disgusting at prices in east van. they did another 'article' in the province 1 or 2 weeks back at the 'lowest listed' homes for sale in east van. they were crack shacks listed at like 750k.

Z3guy 03-09-2015 07:50 AM

Quote:

Originally Posted by Gunsmokez (Post 8606794)
Problem with 1% realty is that some realtors boycott ALL listings being hosted by them. Meaning they will not bring their clients there.

So up to you, if not in a rush to sell. Sure why not! But, if you are in a rush and got another place to buy then I would rather the lather.

haha! self preservation from realtors....there is no reasonable justification for realtors to make what they make based on what the service they provide. When I bought my house, I found it myself online and all my realtor did was set up the viewing.....lol!

blkgsr 03-09-2015 08:03 AM

same when i bought mine originally...we went out for one day looking at houses and the one i ended up buying i found

iEatClams 03-09-2015 08:07 AM

Quote:

Originally Posted by Z3guy (Post 8606931)
haha! self preservation from realtors....there is no reasonable justification for realtors to make what they make based on what the service they provide. When I bought my house, I found it myself online and all my realtor did was set up the viewing.....lol!

Vancouver and area has added more Realtors in the last few years than any other jurisdictions in North America.

Everyone and their grandmas are basically realtors now. All you need is a heart beat to become one. So many people do it part-time and why not? You can supplement your full-time income.

I just hate how many of them are shady as fuck and don't know anything really about real estate.

Mortgage brokers is the other job profession that is growing that have many shady characters as well.

VR6GTI 03-09-2015 08:30 AM

Yup its fucking nuts out there

Z3guy 03-09-2015 08:35 AM

anyone who actually pays full commission to realtors is getting screwed. If you are selling and buying from the same realtor, what do you guys actually pay? My question is based on not wasting your realtors time or wanting them to wine and dine you, just to close the deal....I would pay 50% of the standard commission....which is still too much!

StylinRed 03-09-2015 09:15 AM

i thought realtors still get paid their full commission under joint deals with 1% realtors? my friend was laughing about how he still gets his full commission when dealing with someone from 1%

GLOW 03-09-2015 09:35 AM

Quote:

Originally Posted by iEatClams (Post 8606940)
Vancouver and area has added more Realtors in the last few years than any other jurisdictions in North America.

Everyone and their grandmas are basically realtors now. All you need is a heart beat to become one. So many people do it part-time and why not? You can supplement your full-time income.

I just hate how many of them are shady as fuck and don't know anything really about real estate.

Mortgage brokers is the other job profession that is growing that have many shady characters as well.

i never understood people doing it 'part-time'. who'd use you if it's a hobby, other then you representing yourself in a transaction to save costs.

throw home inspectors in to the shady category where joe the baker can be licensed. i heard it got better in terms of licensing...i know in the past you can get it online. one of the local reporters took the test/course online and showed how she got certified in 45min and knew absolutely NOTHING.

i remember my realtor saying buyer realtors get their cut and it's non-negotiable or else they will stop bringing clients to their listings, so it's like the standard...clients' interest #1 :whistle:

i've only met 1 realtor that seemed to know anything of use. he was a part-time GC as he bought homes, gutted them and reno'd and such, so he knew about construction. that being said, he knew enough to make $, costmetic reno only, no service/utility/backbone upgrades.

quasi 03-09-2015 09:36 AM

Quote:

Originally Posted by blkgsr (Post 8606937)
same when i bought mine originally...we went out for one day looking at houses and the one i ended up buying i found

I had a similar experience last time I moved. He showed us a few but I found the house we ended up buying. I used the same guy to sell my place I swear all he did was put it on MLS, there were no open houses or anything. The only good thing was it was at a time when homes were selling themselves. The only reason I used him was I was doing my dad a favor (A friend of his who was helping him with his race car).

If I learned anything from that it's never use anyone you know. These commission rates made sense 30 years ago but they haven't adjusted with the home prices at all. Another thing that hasn't adjusted is Property Transfer Tax, the amount they charge you for doing that paper work they could have 2 people working on transferring ownership of your property full time for over a month, the paper work must be really tough.

Liquid_o2 03-09-2015 09:55 AM

My parents have never used a Realtor. Always bought and sold their houses by Owner, never had any issues. Of course, this was back in the 80's and 90's, maybe times have changed now.

SumAznGuy 03-09-2015 10:25 AM

The only reason I can see using a realtor to buy is because they get new list listings before those listings hit MLS.


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