Advice please!! Possibly screwing over our realtor – Are we horrid people???

posted 3 years ago in Home
  • poll: Should we sell our current home through our realtor?
    Yes, she's been really good to you and deserves her paycheque : (87 votes)
    68 %
    No, that money can be used towards your new build : (35 votes)
    27 %
    Other - Please explain below : (6 votes)
    5 %
  • Post # 3
    Member
    10487 posts
    Sugar Beekeeper
    • Wedding: January 2011

    I would say use here, but that’s after buying a house that was listed through Comfree.  They stay on the market so much longer, and I’ve actually seen a house that was taken off the market and then relisted with a realtor.

    There are many realtors who won’t show houses that are FSBO.

    When you mention the realtor fees, is that just her fee, or is that the buyer as well?  Comfree advertised the sale of our house as saving $x in realtor fees, but it was incorrect.  They didn’t factor in the price of the Comfree package (which would have been paid twice due to the length of time) AND it was based on the buyer’s realtor not getting a commission, and the sellers paid his full rate.

    Your area may be different, and I think you should do what’s best for yourselves.

     

    Post # 4
    Member
    511 posts
    Busy bee
    • Wedding: August 2014

    I’d be really pissed if I was her. You’re not obligated to work with the same realtor forever but the fact that she’s come out and done evaluations for you several times means she’s essentially already started to work on the sale and she’s entitled to believe she’s the person who would be selling the house.

    Besides, especially on a new reno selling privately has more downsides than you might think. There are a lot of obligations when it comes to disclosing any defects to the buyers etc and if it turns out there’s a problem with the house down the line you could get sued. If you have a realtor she takes on that liability.

    Post # 5
    Member
    1287 posts
    Bumble bee
    • Wedding: May 2014

    @Charliejeorge:  I think you can do what you want.   Sure, she may be ‘mad’, but this is not a PERSONAL relationship. This is a professional relationship, so personal feelings need to be left out of it.  Your reasons for selling on your own are completely ‘fair’ and legit.  It is not like you are seeking out a completely different realtor all together, but rather, trying to sell on your own to save money.  That makes sense.

     

    I think the best thing you can do is be honest with her, and let her know that it is nothing against her or her work, but due to a financial decision you need to make.  I am guessing she will understand, and absolutely be willing to work with you guys again if you ever need her services. And, if you do not, then referring her to those whom do will be lovely as well!

     

    Post # 6
    Member
    715 posts
    Busy bee
    • Wedding: January 2013

    My best girlfriend, and my MIL are both realtors, so I hear about these things all the time!

    TECHNICALLY, your FI is right! No binding obligation whatsoever there. 

    Emotionally, and maybe? morally/ethically, I agree with you. I could not in good conscience try to sell independently, when my listing was based off someone else’s work! 

    However, based on the two close examples I have, they do market analysis all the time and never get a listing out of it. to hear them talk, it’s pretty much expected actually, and part of their jobs. 

    Post # 7
    Member
    42453 posts
    Honey Beekeeper
    • Wedding: November 1999

    I wouldn’t be comfortable doing that, but apparently your FI is. I think it is unethical to have someone deliver a complimentary professional service to you (valuation) then screw them out of the business when the time comes to pay for their services.

    I hope your FI is not in a line of work where this can happen to him. If he were, I think he might have a different opinion.

    Post # 10
    Member
    1007 posts
    Bumble bee
    • Wedding: November 1999

    I personally would say “Look, through her evaluations we’re listing 20k higher, so we will still have an additional 5k profit after paying her fees over what we were expecting to list it for.” But I don’t know what other fees would be involved.  

    The real estate business is pretty cutthroat and it’s probably happened to her before.  I know someone in real estate and she does freebies fairly frequently hoping that something will pan out or she’ll get a referral, etc.  But I still think what your FI wants to do is shitty unless you let her know up front that you want to try FSBO first. 

    Post # 11
    Member
    42453 posts
    Honey Beekeeper
    • Wedding: November 1999

    @Charliejeorge:  A couple of points:

    1. You could always approach her about negotiating a lower commision. It would be  a much more honest, upfront way to behave. You can explain that the commisision is a barrier to listing  the property and if it is too high you will be attempting to sell it yourself.

    2. Do some more research into our ongoing liability re any deficits in the house. I don’t know Ontario law, but here in BC, we are required to file a disclosure statement about any issues with the property (type of insulation, plumbing, radon etc). Even if you sign that you are not aware of any problems, you can be sued after the sale on the basis  that “the homeowner knew or ought to have known…

     

    Post # 12
    Member
    10487 posts
    Sugar Beekeeper
    • Wedding: January 2011

    @Charliejeorge:  So you won’t even have it on MLS?

    I don’t live where you do, but I really think that’s a huge mistake.  Most people don’t go to Kijiji to buy a house, and it’s actually recommended to NOT go there for houses, as there has been a large number of fraudulant real estate deals going on there.

    Post # 16
    Member
    10487 posts
    Sugar Beekeeper
    • Wedding: January 2011

    @Charliejeorge:  There are services you can pay just to get it on MLS.  Comfree homes end up there.

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