I'm buying a new condo - Page 7
Page 7 of 7 FirstFirst ... 567
Results 61 to 64 of 64

Thread: I'm buying a new condo

  1. #61
    Senior Member
    Join Date
    Aug 2016
    Posts
    1,394
    Quote Originally Posted by Esco View Post
    That would depend on the realtor. If he/she is low-grade and just wants to make a quick buck, you are right.
    If they are upper level agents they will want to make as much money as possible
    Basic math-better to sell 3 this week at $735 than one at $800.


  2. #62
    Senior Member
    Join Date
    Aug 2013
    Posts
    1,727
    Quote Originally Posted by Esco View Post
    That would depend on the realtor. If he/she is low-grade and just wants to make a quick buck, you are right.
    If they are upper level agents they will want to make as much money as possible
    No, Nelley is correct here. It is about getting listings and/or closing, not holding out for the highest selling price (by either agent).

    At $830k and 5% divided by seller/buyer agents, your agent is looking at $20,750 or perhaps $11,620 after inc tax and office split. Sell for $730k and they have $10,220 at/office split. Thats only a $1,400 difference - your agent is happy to see you buy. And remember the listing agent has probably done most of the work.
    I'd be more concerned as the seller that my agent has underpriced or advised me to acccept a lower offer than might yet come along just to make the sale. Holding out for the highest price is not the driver.

  3. #63
    Member
    Join Date
    Jan 2016
    Posts
    37
    Quote Originally Posted by Esco View Post
    Maybe you should change your handle to "Just a Girl".
    You know....this comment right here says a lot about the poster. And it's not good : (

  4. Remove Advertisements
    CanadianMoneyForum.com
    Advertisements
     

  5. #64
    Junior Member
    Join Date
    Jan 2017
    Location
    Kensington, South London
    Posts
    19
    Please don't forget that aside from the mortgage payment on whatever you get it for, you will (likely) be responsible to pay condo fees. This can also mean kicking-in on repairs to the premises. I have a relative that was hit with a huge bill to repair and resurface the building's parking lot. Personally, I stay away from condos.


Page 7 of 7 FirstFirst ... 567

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •