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Thread: Competition board rules TREB must release Real Estate Sales Data

  1. #21
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    Gonna be a lot of unemployed people if you wanna cut the middle guy out of everything

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    Quote Originally Posted by max_boost View Post
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    Gonna be a lot of unemployed people if you wanna cut the middle guy out of everything
    Good. We don't need leaches stealing peoples money. We hought a 400,000 place last. Realtor fees were more then what the owner paid off through 3 years. Blood swett and tears and maintenance and hassles.

    Guy walks in does a couple hours work and takes 3 years of your effort as a fee, and tje system is stacked so you almoat have to use them.

    Its stupid, and we need more unskilled labour, ao thats ok.

  3. #23
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    I have a house for sale for $600,000 right now.

    At 7/3 that equals $22,000. Twenty two fucking thousand dollars.

    For what? To take some pictures and have an open house? Are you kidding me.

    I’m stuck with a realtor because Calgary is very weird when it comes to selling your house alone so I told the guy that he can have a flat $7000 for his “work” Saves me $4000. When it comes down to the deal though and we are $2000 apart I expect both realtors to take it out of their pockets when it comes down to the final hour.
    Professionally Retired

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    I think there definitely are good realtors and they tend to be the ones who make a good go of it. Quick communication, have a good market sense in terms of accurate, realistic pricing for buying and selling, know appliances/finishings etc well, stage, hire professional photographers...

    So many jokers in the industry, it's easy to see where the general disdain comes from.
    Ultracrepidarian

  5. #25
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    Quote Originally Posted by KPHMPH View Post
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    I have a house for sale for $600,000 right now.

    At 7/3 that equals $22,000. Twenty two fucking thousand dollars.

    For what? To take some pictures and have an open house? Are you kidding me.

    I’m stuck with a realtor because Calgary is very weird when it comes to selling your house alone so I told the guy that he can have a flat $7000 for his “work” Saves me $4000. When it comes down to the deal though and we are $2000 apart I expect both realtors to take it out of their pockets when it comes down to the final hour.
    Exactly. Place we boughf before the sellers realtor woildnt drop comission in half since we represent ourselves. Buyer doesnt need a realtor. Waited out 3 months, he cancelled listing and we did it private

    One of the bigest scams going.

  6. #26
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    Quote Originally Posted by KPHMPH View Post
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    I have a house for sale for $600,000 right now.

    At 7/3 that equals $22,000. Twenty two fucking thousand dollars.

    For what? To take some pictures and have an open house? Are you kidding me.

    I’m stuck with a realtor because Calgary is very weird when it comes to selling your house alone so I told the guy that he can have a flat $7000 for his “work” Saves me $4000. When it comes down to the deal though and we are $2000 apart I expect both realtors to take it out of their pockets when it comes down to the final hour.
    The biz is old school but even with this set up, a lot of people couldn't make a living out of it and you have to have 1 transaction per month just to keep working. The 2nd transaction is when you and your family can eat.

    Yes. Lots of people already tried the tech to do away with realtors but a lot people are still not comfortable with this purchase without an "advisor" of sorts. Most people will do may be 3-4 deals in their life. Nobody will have the expertise of a someone is doing it as a day job.

    IMHO, the 7/3 deals is fair for up to $1M in Calgary. Especially for the buying agents who potentially use up a lot of time with nothing to show for it. Selling agent is the one that have connection with advices and stagers and the one that's doing the open house which ruin the weekends.

    Now there are definitely other solutions that doesn't stick with old 7/3 formula, and they can definitely move houses but they tends to recommend selling at the low side of market because their model is volume and by moving it quick. And I have seen and deal with a number of realtors that shouldn't be in the biz. But I think that's the same for all industries. 50% of IT guys I met has no reason to be working in IT.
    Last edited by Xtrema; 08-23-2018 at 06:56 PM.

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    I read a great article on the closing of town in New York. They did 20 billion in sales in the few years they were opened yet they were forced to close their real estate brokerage this year.

    The article dived into how much tech companies are changing their market and it's had serious effects on brokerages.

    It will still be a long ways for things to change here but the perfect start is opening up the data and letting competition flourish.

    I don't think opening data to everyone will prevent people from using a realtor but it will certainly level the playing field with better options out there.

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    My issue isn't that realtors are useless. They provide a valuable service to a lot of people, both for buyers and sellers. A lot are great, and hard working. It's just that we need the market to place a value on that work. In the current structure, which is literally a cartel, the market can't do that. So, they aren't being paid what they're worth, and some portion of that fee is purely rent-seeking.

  9. #29
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    Supreme court decided not to hear the TREB appeal.

    https://www.cbc.ca/news/business/tre...ices-1.4795903

  10. #30
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    Quote Originally Posted by Xtrema View Post
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    The biz is old school but even with this set up, a lot of people couldn't make a living out of it and you have to have 1 transaction per month just to keep working. The 2nd transaction is when you and your family can eat.
    .
    My family has done real estate for years. Realtors have been fucking useless for easily a decade once online listings became a thing. We never use realtors, any properties I've bought have never been through realtors, and I'll never use a realtor if I have the choice.

    When you get paid $10k for one deal, if you do that once per month, thats $120k per year. Fuck off that you are just "getting by" on that, thats upper middle class.

    Fucking Beyond

  11. #31
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    Looks like someone has come out with an easily searchable database for this type of data in select cities, including Calgary. https://www.honestdoor.com/map
    Had a little fun this morning clicking around my street. Still feel great about what I paid for my place.
    Quote Originally Posted by killramos View Post
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    You realize you are talking to the guy who made his own furniture out of salad bowls right?

  12. #32
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    Quote Originally Posted by ExtraSlow View Post
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    Looks like someone has come out with an easily searchable database for this type of data in select cities, including Calgary. https://www.honestdoor.com/map
    Had a little fun this morning clicking around my street. Still feel great about what I paid for my place.
    this is pretty awesome. Finding sales history self serve is way better than having to ask a realtor every time.

  13. #33
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    You can see Sold listings on any realtors website now.

    Mine offers it
    https://realtybybrad.com/recip.html#...v2_map_zoom=14

  14. #34
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    Quote Originally Posted by 89coupe View Post
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    You can see Sold listings on any realtors website now.

    Mine offers it
    https://realtybybrad.com/recip.html#...v2_map_zoom=14
    Quick search on my street shows that your website has two data points vs the honestdoor website showing sale history for every single house. Not really comparable.
    Quote Originally Posted by killramos View Post
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    You realize you are talking to the guy who made his own furniture out of salad bowls right?

  15. #35
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    Quote Originally Posted by ExtraSlow View Post
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    Quick search on my street shows that your website has two data points vs the honestdoor website showing sale history for every single house. Not really comparable.
    Just customize the search.

  16. #36
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    Quote Originally Posted by 89coupe View Post
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    You can see Sold listings on any realtors website now.

    Mine offers it
    https://realtybybrad.com/recip.html#...v2_map_zoom=14
    To access this listing please create a free account....

  17. #37
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    Quote Originally Posted by Chandler_Racing View Post
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    To access this listing please create a free account....
    Haha, so you want it for free but you don’t want to take a few minutes to setup an account that’s free?

  18. #38
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    That's neat. I like seeing the "last sold" date too, too put it in perspective

  19. #39
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    Quote Originally Posted by ExtraSlow View Post
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    Looks like someone has come out with an easily searchable database for this type of data in select cities, including Calgary. https://www.honestdoor.com/map
    Had a little fun this morning clicking around my street. Still feel great about what I paid for my place.
    That's neat, thanks!

  20. #40
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    Quote Originally Posted by 89coupe View Post
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    Haha, so you want it for free but you don’t want to take a few minutes to setup an account that’s free?
    Brad, but why bother accessing it through your website if it's a) no better and b) less convenient? I don't see the value when there's an easier alternative.
    Quote Originally Posted by killramos View Post
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    You realize you are talking to the guy who made his own furniture out of salad bowls right?

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