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chowda 03-18-2004 09:21 AM

lately, the RE that we are buying is coming from individual leads and none that are agent oriented.

mls.ca is the most redudent sales-oriented-not updated-MONTREAL database there is.

old listings are there just to get phone calls.. then the bait and switch begins.

i think 6% is alot in a hot market.

Quotealex 03-18-2004 09:41 AM

Quote:

Originally posted by chowda
lately, the RE that we are buying is coming from individual leads and none that are agent oriented.

mls.ca is the most redudent sales-oriented-not updated-MONTREAL database there is.

old listings are there just to get phone calls.. then the bait and switch begins.

Not true. We are required by our by-law to keep MLS up to date. The MLS you have access to is just a strip down version of what we have. The one the real estate broker have is very up-to-date. However, it often happens that the property is sold within days of being listed. We also have a waiting list of clients that we call before the property is listed on MLS: we have seven days to list the property in MLS, so by than, the property could well be sold to one of our clients.

chowda 03-18-2004 09:55 AM

Quote:

Originally posted by Alex from Montreal


Not true. We are required by our by-law to keep MLS up to date. The MLS you have access to is just a strip down version of what we have. The one the real estate broker have is very up-to-date. However, it often happens that the property is sold within days of being listed. We also have a waiting list of clients that we call before the property is listed on MLS: we have seven days to list the property in MLS, so by than, the property could well be sold to one of our clients.

thats right.
ive been on the two realtor dbase and they are updated.

i have realtors that come by giving me daily new listings on those dbase too.

but the public mls.ca was slow to update. but that was over a year ago.. there might be many changes lately..

can i ask alex. If the place is sold (on contract price) but is looking for finance, is it still listed in the mls?

edit: hey alex, if u have any new multi units, email me the stats b4 posting it on mls :) email is dan at frenchgirlfriends . com

Quotealex 03-18-2004 10:12 AM

Quote:

Originally posted by chowda

can i ask alex. If the place is sold (on contract price) but is looking for finance, is it still listed in the mls?

edit: hey alex, if u have any new multi units, email me the stats b4 posting it on mls :) email is dan at frenchgirlfriends . com

Yes if there's an offer to purchase (conditional sale) the MLS will list it as such and the date it occured. This doesn't mean the property was sold tho.

How many units you're looking for? I hope you're not asking for foreclosed properties!

piker 03-18-2004 10:14 AM

Quote:

Originally posted by quiet
when buying property. i'd love to be able to get around those commissions and deal direct on properties. realtors sure try to keep you in the dark with who the sellers are (understandably).

anyone got around the realtor to cut a deal directly with a seller?

Here it is against the law to do that. The only people that can negotiate for commisions are registered real estate agents. It only takes a couple of weeks to get a licenese however.

chowda 03-18-2004 10:19 AM

Quote:

Originally posted by Alex from Montreal


Yes if there's an offer to purchase (conditional sale) the MLS will list it as such and the date it occured. This doesn't mean the property was sold tho.

How many units you're looking for? I hope you're not asking for foreclosed properties!

6 and up.. but we're gonna flip a property soon, so we might look for more units.

no foreclosures. i gave that up in 2002.

Quotealex 03-18-2004 10:40 AM

Quote:

Originally posted by piker

It only takes a couple of weeks to get a licenese however.

And a couple of $1,000 per year in licenses and professional insurances.

Quotealex 03-18-2004 10:52 AM

Quote:

Originally posted by chowda


6 and up.. but we're gonna flip a property soon, so we might look for more units.

no foreclosures. i gave that up in 2002.

- 6 to ?
- Concrete or wood frame?
- Heated by the landlord or not?
- Furnished or un-furnished?
- with or without fridge and stove included in the rent?
- 1½, 2½, 3½, 4½, 5½ units?
- Where in Montreal?
I'll keep you're e-mail in my databank.

HeadPimp 03-18-2004 10:54 AM

OK, here is my take on things since I worked as a real estate agent and my wife currently is one.

First off, the majority of real estate agents are fucktards. Very few are full time, professional agents and most are lazy, under-educated, or have been in the business so long that they think they know everything, even though things have changed..

With that said, If the agent brought you to the property, then the seller can wind up owing them a commision even if they cancel the contract (or let it expire) and then sell it to you. Not all brokerages will come after the money, but some will (I know I would!)

Going around the agent is not generally a good idea. They are (if doing their job properly) a massive tool for locating properties, skilled negotiators, and good coordinators for the sales process. Trust me, real estate deals do not always go smoothly!

So my advice is not to worry about going around the agents to save money. The sellers are paying that fee. The big thing you need to do is find a competent real estate agent that you trust and get along with to work as a representative for you, and work exclusively through them. That will make you more money in the long run than you can save by going around behind their backs...

And if anyone buying real estate in the Seattle area, you better talk to me so I can forward you on to my wife...

Edit... I wouldn't suggest getting your real estate license unless you plan on going on to the biz. Main reason is that you have to follow rules about disclosing that you are a licensed agent and such when you are buying and selling, and that sometimes makes people gun shy.

Of course you could always just lie through your teeth and be one of those guys...

chowda 03-18-2004 12:07 PM

Quote:

Originally posted by Alex from Montreal


- 6 to ?
- Concrete or wood frame?
- Heated by the landlord or not?
- Furnished or un-furnished?
- with or without fridge and stove included in the rent?
- 1½, 2½, 3½, 4½, 5½ units?
- Where in Montreal?
I'll keep you're e-mail in my databank.

6 to 30
tenant heated
unfurnished
rather not include
3 1/2- 5 1/2
as long as its not in the slums

chowda 03-18-2004 12:07 PM

might i say 5-0

quiet 03-18-2004 01:43 PM

good discussion :)

Quotealex 03-18-2004 04:20 PM

Quote:

Originally posted by chowda


6 to 30
tenant heated
unfurnished
rather not include
3 1/2- 5 1/2
as long as its not in the slums

Cool I'll add you to the database.

AlienQ - BANNED FOR LIFE 03-18-2004 04:52 PM

Quote:

Originally posted by quiet
when buying property. i'd love to be able to get around those commissions and deal direct on properties. realtors sure try to keep you in the dark with who the sellers are (understandably).

anyone got around the realtor to cut a deal directly with a seller?

Yes...

Get the phone number of the address.
Call the number.
If it forwards to a different number thats fine.

If your American use the Yellow/White pages and find the number, Somtimes US operators will give you the number of an address especially if you ask to be forwarded to the address your looking for.

Ask about the house for sale.
Ya will still need a banker though unless of course...

You pay cash:thumbsup


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