The Canadian real-estate market is expected to get much more competitive with a new discount agency partnership that would offer cheaper real-estate fees to consumers and present the most serious threat yet to traditional bricks-and-mortar realtors.
The deal between Moncton, N.B.-based PropertyGuys.com and Toronto-based Realtysellers Real Estate Inc. is expected to be announced Thursday, the Star has learned.
The agreement will result in a powerhouse for discount real estate. PropertyGuys bills itself as the largest and fastest-growing private-sale franchise network in Canada, where sellers can list and sell their own properties without an agent. Realtysellers, which has had a history of litigious tangling with organized real estate, is considered the bad boy of real estate due to its aggressive low commissions and flat fees.
I've never sold a house, I've only purchased a house. I used a Royal Lepage Real Estate Agent who was fantastic! But I didn't have to pay her, the seller did.
5% of $300,000 is $15,000. That's a lot of money for maybe just having to post a house on MLS. I don't plan on selling my place anytime soon, I don't have nearly enough equity in the place yet but I'm not sure if I can justify giving someone 5% for selling a house that probably will be in demand when I want to sell it.
Are Real Estate Agents from Remax or Royal Lepage etc really worth it?