do it yourselfer meets realtor--round 1. freindly sparring

sure sell/buy your house alone---good luck my friend.
let's start from the beginning:

1. Seller is asking 849k
fair price?
diy--do you have comps? don't want to overpay. may find out banks appraisal differs from yours and banks are getting tighter with these debt levels. sucks when you find out 2 weeks before close at time of appraisal that theres a disagreement.
i'd think those comps would be important\

realtor-i got the comps. i also have the land registry for private sales. oh..i also have the knowledge that theres ways of disecting a listing to come to market value (with some room for subjective value). i'm gonna ask some questions to give my client the upper leg. here's some:
1. what side of the street is house on?
2. when did it last sell? how long did it take?
3. what are semis selling for relative to detached?
4. in the area what's the premium for a private drive or mutual drive
5. cost of redoing the kitchen, wiring, plumbing --how will that factor into "market value"

DIY: house asking 849K. bypasses agent. goes to listing agent and offers 825k. DIY did it! good work. got the reduction. It's just that the house was so overpriced that 810k would have been a win/win for all. hey, what's an extra 15k savings, especially when its coming out of sellers pocket??


DIY: this guy is glued to the paper and mls.ca--the papers advertise typically 3-4 days after it hits mls.com where agents have taken their top clients to the front door and house could have sold. mls.ca---48hr delay. then call the listing agent who has 3 buyers in mind and likely will invite you to the open house on Sunday or struggle to return your call. Agent--takes you in on day 1 as inventory is tight and gives you time to make a decision. It's like the DIY arrives 2 days late for the flight to Miami. The agent boarded the flight and gates are closed.

I don't want make this blog too long and beat up on the DIY. I have friends who are DIY's. They're still friends. Just tough to watch them navigate the system of buying a home. It's just money and a house so let them be happy I say!

Gotta go show some homes. They just came out ande 2 are exclusive. DIY's can't possibly know about them. 9 years of cultivating relationships with other agent's got my clients the "early bird special" to see these places.

My best---

http://www.TheSmithsBuyAHouse.com
http://www.PropertiesintheGTA.ca
http://www.mgruenstein.blogspot.com