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Selling Privately

Is It Really A Brokerage?

In the last few years, there has been a number of advertising companies popping up that offer to advertise your home for a very low rate. Your first question should be, “Are you really a brokerage? If they have access to the MLS site, then the answer is yes. If they do not, they are merely an advertising company. Only licensed brokerages can promote their listing through the MLS on REALTOR.ca®. These non-MLS advertising sites take your money, with no guarantee of a sale.

An Estimate

A study of the “For Sale by Owner” market over the past six months showed interesting results:

  • 20% of the people that use the “For Sale by Owner” companies are successful in selling (often with the help of a buying agent)
  • 20% list with a real estate agent
  • 60% give up

Just Keep Your Mouth Shut! (Or Should You?)

There are two types of defect in a home, patent and latent. Patent defect are obvious. You don't need any special equipment or licenses to see them. These include things like a crack in the ceiling, cracked foundation, an exposed  leaky pipe. broken windows, etc. In law, you are not required to point out most patent defects. Buyers can see this with little to no effort.

Then there are latent defects. These are the far more sinister ones. These are defects that CANNOT be readily seen. These defects need to be disclosed to the buyer, like it or not. Things like a broken underground pipe going out to the sewer. The presence of galvanived plumbing that is hidden inside the walls, hidden knob and tube wiring, A major crack in a foundation that has been covered up with new drywall, and so much more.

THE FREIS GUYS can help you through the minefield of these things. Ad companies don't know, and many don't care. We will help you disclose this issues in the best possible light. NOT disclosing could find yourself sitting in court, delaying the close of your sale, having you pay for the damages, or cancelling your sale altogether. This can cause you serious problems on your next home purchase!

The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are member’s of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.