Calgary Jeep Association
General Forums => Chit-Chat => Topic started by: ornamental on August 07, 2011, 10:06:43 PM
-
has anyone here tried www.selflist.ca ??? its a for sale by owner deal on MLS. sounds like a good alternative to paying a big commision...
has anyone here done a private realestate deal? was it good? would you do it again?
-
i'll be using them in january or february.
for the 600$ or what not its worth a try. much better than paying 20k in realtor fees.
-
i would not do it. If you are so worried about paying a realtor to take care of everything (which is worth it), than just make sure that the price you WANT covers the cost of real estate fees. In other words, the Purchaser will be paying them in the price they pay you for your house. Negotiating and dealing with potential purchasers can be a nightmare doing it on your own. Have you ever tried selling something on Craigslist? Take all the negatives from that experience and quadruple it for what its like selling your own home.
Seriously, get a professional and you will be happy with the result.
Exposure is less, tire kickers are more, thieves, nosy people, etc.
If you want 'x' number of dollars in your pocket, than you list it at 'y' to arrive at 'x' when everything is paid out. Its not complicated.
-
One other thing to consider ( I don't know this for fact, but I have heard it a couple of times) is that if you list with one of these companies that puts it on MLS for you, if the buyer has a realtor you may have to still pay their portion of the commissions. By listing it yourself, you are basically just eliminating your realtors costs, not the buyer's.
For the amount of work that a (good) realtor does for you, they may actually be under paid. I can't agree more with Spinalguy. Consider it money well spent to keep your sanity and your time to keep working on things you enjoy.
-
yes you still have to pay a buyers commision. not a sellers commision.
this service has a lock box rental for a whopping $129. i think thats worth it. i was thinking if it take into account the savings and pass them onto a buyer... i will have a buyer.
my neighbors dont have buyers on there listing.
ive had several crappy realtors. and the last time i had a listing, i ended up doing all the leg work, photos, listing description, coordinating showings inspections etc...
-
ive had several crappy realtors. and the last time i had a listing, i ended up doing all the leg work, photos, listing description, coordinating showings inspections etc...
Stop picking crappy realtors! :P
It is still a bit of a buyers market though, so you will have to be competitive.
-
Agreed, pick a better realtor. ;)
Also, if i was an agent and had a buyer, i would pick any place but yours to bring my buyer. i want to negotiate with a selling agent, not with a homeowner. There is no doubt that agents will pass on showing your home vs others that are listed on MLS with a commission to both seller and buyer's agents.
Also, you may waste a whole bunch of time with NON qualified buyers, outright liars and those that are 'casing' your place for future burglary.
Good luck 8)
-
Agreed, pick a better realtor. ;)
Also, if i was an agent and had a buyer, i would pick any place but yours to bring my buyer. i want to negotiate with a selling agent, not with a homeowner. There is no doubt that agents will pass on showing your home vs others that are listed on MLS with a commission to both seller and buyer's agents.
Good luck 8)
Tom is 100% correct.
-
It's like rebuilding a Dana 35.... you think you save some money but at the end you get fucked! ;D
-
It's like rebuilding a Dana 35.... you think you save some money but at the end you get fucked! ;D
:'( >:( ;)
-
you have a Super 35 Blair... I have not seen too many of these kickin' around. ... with the deal you got; i think you're doing ok. 8)
-
i'm with dave on this one.
Calgary is full of crappy realtors.
when we were looking for a house, we found one on MLS, called, and had our realtor come bring us by; he was a family friend so he helped us out.
but moving forward, if some hard work, a couple pics and dealing with some BS gets the house sold, then the money saved on realtors fees can go towards that new rubicon.
-
but moving forward, if some hard work, a couple pics and dealing with some BS gets the house sold, then the money saved on realtors fees can go towards that new rubicon.
I think a lot of people just think it is an easy thing to do. As long as you are aware that it can be time consuming, and a pain in the arse, then more power to you. ;D
-
I think a lot of people just think it is an easy thing to do. As long as you are aware that it can be time consuming, and a pain in the arse, then more power to you. ;D
JackstandJohnny is patient like buddha, genuinely likes people, and he loves dealing with buyers on Kijiji. I'm sure he's the ideal guy to go without a realtor.
-
Are you able/willing to drop everything (work, shopping, being in a frickin movie theatre) to go show your house at the drop of a hat because the "potential buyer" has a small window of time that they can get to your place? I had that happen several times when we sold our last place. Our realtor just called me up and asked if the place was alright to show...
I know that you can get that lockbox thing, but I would much rather someone with my interest at hand let people into my house, not just any Joe-Schmoe.
]ive had several crappy realtors. and the last time i had a listing, i ended up doing all the leg work, photos, listing description, coordinating showings inspections etc...
Try out Jason Kim (aka barmanjay). I have heard of only good things about him.
you have a Super 35 Blair... I have not seen too many of these kickin' around. ... with the deal you got; i think you're doing ok. 8)
C'mon now... Blair has a Super-Skookum 35!!!!
-
my condo is empty, nothing to steal. a lock box is pretty standard. this forum is full of handy DIY types which kinda makes me surprized at the resposnse so far. being a condo, i need maximum exposure, still undecided what to do. there is also directlist and self list. i dont see too many listings on those sites and makes me wonder why?
i know the pain of trying to save a buck on a D35, that one hurts....
so many guys here will tear into a engine or axle, that really scare me. but they wont sell or negotiate there own place...
so far i have had luck selling private and buying privately which seemed easy as an oil change. but this was all before the boom when everyone became real estate pro. now i think it may be a bit harder.
on the other hand does anyone want to deal with a motivated seller. renovated downtown condo, fully loaded with options and priced at mid 200's. my neighbor is priced just below 290k for comparison.
can include bonus commision to buyer realtor. hows that for attracting buyers agents?
-
Are you able/willing to drop everything (work, shopping, being in a frickin movie theatre) to go show your house at the drop of a hat because the "potential buyer" has a small window of time that they can get to your place? I had that happen several times when we sold our last place. Our realtor just called me up and asked if the place was alright to show...
yes.
-
yes.
So, we won't hear about "some guy needs to see my house in 15 minutes, but I work 25 minutes from home, so I sped all the way there. And... I got a speeding ticket..." ??
(you aren't gonna win John ;D ;D ;) )
-
So, we won't hear about "some guy needs to see my house in 15 minutes, but I work 25 minutes from home, so I sped all the way there. And... I got a speeding ticket..." ??
(you aren't gonna win John ;D ;D ;) )
nope you wont' hear nothing from me jeepless wonder;) hows that part out going? i know a great used car salesman that can help ya sell some parts ;)
-
Hey Johnny, how about we trade places, you sell mine and I take yours straight up?
-
welist.ca is a pretty popular DIY listing service that I have seen around Cochrane. However my aunt bought one off of welist and few years ago and got burned. She negotiated to have the carpet replaced in the house as part of teh purchase price. The seller agreed and replaced the carpet...... with used carpet! Apparently my aunt didn't specify NEW carpet.
-
My part out is going great!! I will be down to the frame in a week if it keeps going the way it has been.
-
My part out is going great!! I will be down to the frame in a week if it keeps going the way it has been.
You're parting out the work truck? Or are you just wishing that you had bought something with a frame?
-
Why is it always a framer that catches that??
Oh, wait. It is because the unibody crowd is smart.
BEEEEEEEOTCH!!!!! ;D ;)
Todd.... no touchy.
-
Ive come to realize that living rent free (renting a house with room-mates paying the everything) or owning a house and renting rooms/garage to reduce cost is crucial in todays enviroment to get ahead.
I have to go to a mortgage company and get some information because my credit isnt the best, just a few credit card problems (late payments, closed credit cards), but my biggest problem is I have worked under the table for a long time with no proven income for verification.
I was wondering how much a down payment is average and what kind of a down payment would lower my risk rating (say 10, 20 or 25%) with a good co-applicant which has wickedly good flawless credit.
-
There's no such thing as living rent-free. You can share a house to reduce what you'll pay, but if you try to have you roomies pay your entire mortgage, the property taxes, and the utility bills, you'll be hard pressed to find tenants. Understand that the going rate for rent on a house and the mortgage payments associated with that house are very firmly linked. Also understand that rental properties can be a money-losing proposition if you don't have the right tenants. The system is structured to protect the tenant...and if you get a deadbeat tenant that knows how to work it, you'll find yourself with the law tying your hands, and they'll be the one living rent free.
Exploring all your options to get ahead is a good thing...but go into the situation with your eyes open.
-
The system is structured to protect the tenant...and if you get a deadbeat tenant that knows how to work it, you'll find yourself with the law tying your hands, and they'll be the one living rent free.
Actually the Alberta system is one of the most fair systems in Canada for both Tenants and Landlords.
Ive come to realize that living rent free (renting a house with room-mates paying the everything) or owning a house and renting rooms/garage to reduce cost is crucial in todays enviroment to get ahead.
I have to go to a mortgage company and get some information because my credit isnt the best, just a few credit card problems (late payments, closed credit cards), but my biggest problem is I have worked under the table for a long time with no proven income for verification.
I was wondering how much a down payment is average and what kind of a down payment would lower my risk rating (say 10, 20 or 25%) with a good co-applicant which has wickedly good flawless credit.
Matt, before you can consider looking at a qualifying for a mortgage you need to have some income to show for it. Most banks/lending institutions will want to see 1 year of solid income numbers. IF you can find someone to either cosign or sign for the mortgage in full then there are options. You will have to keep your credit clean as well. For downpayment, if it is a "rental" property, the banks won't accept less than 20%. If you are living in it and renting a room or two, you will only need 5%.
If you are seriously interested in getting into some rental properties have a look at www.myreinspace.com (http://www.myreinspace.com). There is a great public forum that you can get a lot of information about owning real estate.
-
Ive come to realize that living rent free (renting a house with room-mates paying the everything) or owning a house and renting rooms/garage to reduce cost is crucial in todays enviroment to get ahead.
I have to go to a mortgage company and get some information because my credit isnt the best, just a few credit card problems (late payments, closed credit cards), but my biggest problem is I have worked under the table for a long time with no proven income for verification.
I was wondering how much a down payment is average and what kind of a down payment would lower my risk rating (say 10, 20 or 25%) with a good co-applicant which has wickedly good flawless credit.
heres the downlow. you will need 3 years of solid income proof (Notice of assessment, done by the gov't) it will give you the actual income you reported to the gov't. you won't qualify for anything by yourself. so you need to rope someone into backing your mortgage payments for a minimum of 5 years.
next, depending on what you're looking for, you will need 20 - 30k in a downpayment. because you are going to be putting 5% down as a first time homebuyer, you can get away with 5%. trust me, it won't do much. you will also be looking at mortgage payments anywhere from 1500 - 2000 plus utilities depending.
lastly, be VERY wary of 'variable interest rate' mortgages. it looks good now, but a simple interest rate hike on a 275k mortgage can quickly have you selling jeeps to make payments.
also, if you are going to classify it as a 'rental' you need to do a whole lot of legal work as well.
lastly, if you think you can skirt the system by buying a house and having 5 renters to pay your mortgage, remember this; it is still YOUR house at the end of the day; do you want to be living like a sardine, taking all the risks and having renters destroy YOUR house?
buying a place is a huge decision. IMO i wouln't buy a house unless you were ready to settle down, get married, and NEVER plan on leaving..........
sorry for the rant! good luck with whatever you choose.
-
lastly, be VERY wary of 'variable interest rate' mortgages. it looks good now, but a simple interest rate hike on a 275k mortgage can quickly have you selling jeeps to make payments.
Never buy maxing your credit out on a variable mortgage. Buy and live within your means. If you look at the long term projected rates and do the calculations, you can save thousands of dollars over a 5 year term mortgage by going variable.
Johnny does have some good points, but realistically what it all boils down to, is you need to do your homework. If you really want to get into rental properties, you need to make sure you know all the in's and out's. There are a lot of legal "things" to deal with, but there can be a LOT of perks towards it.
-
Never buy maxing your credit out on a variable mortgage. Buy and live within your means. If you look at the long term projected rates and do the calculations, you can save thousands of dollars over a 5 year term mortgage by going variable.
Johnny does have some good points, but realistically what it all boils down to, is you need to do your homework. If you really want to get into rental properties, you need to make sure you know all the in's and out's. There are a lot of legal "things" to deal with, but there can be a LOT of perks towards it.
variable interest rates our the canadian version of subprime mortgage rates in the US.
it looks great now, but when 2.2% becomes 3.5%, and you were skimping by on 2.2% it doesn't look that great.. its tought project the long term. just ask anyone that bought a house in 2005 - 2007
-
If you take variable for what it is... Variable.. then it is a great way to go. It saves me about $300-$400 a month on mortgage payments. However, if the rates go up (it's just a matter of time). I am able to make those additional payments. So why would I pay the bank the extra interest for the time that the rates are low?
It all boils down to what you are comfortable with. Fixed offers you the comfort of knowing that for the next ____ years you will be making the same payment every month. Variable offers me a lower payment with the knowledge that there is a chance that the interest rate might go up in October, followed by January and every three months after that (when the BOC meets to discuss interest rates).
I am personally pro-variable. If you do the math and you look at the historical numbers, 90%+ of the time you will be further ahead to be on variable than on a fixed mortgage.
Now if I was really smart, I would be making the equivalent payment of a fixed rate mortgage on my variable rate mortgage which would pay down my mortgage MUCH faster.
it looks great now, but when 2.2% becomes 3.5%, and you were skimping by on 2.2% it doesn't look that great..
This is key with Variable...don't ever buy if you are just skimping by at the variable rate... ESPECIALLY the current variable rates...they are going to go up.
-
.
Now if I was really smart, I would be making the equivalent payment of a fixed rate mortgage on my variable rate mortgage which would pay down my mortgage MUCH faster.
now that is definitely a good idea!
personally i'm done with mortgages, next place will be a secured line of credit. which will follow the same perils as a variable rate mortgage. i'm not a fan of fixed mortgages either.
main point was to look out as a first time buyer; a lot of people will make things look affordable that turn out not to be.
but i think i'd rather buy a new Rubi instead of a new house lol
-
but i think i'd rather buy a new Rubi instead of a new house lol
At least with the Rubi you can say "I hate that bloody thing, I'm going to part it out!" After all, you say that about all of your Jeeps :)
-
i pay weekly on my mortgage, saves a few years off payments.