Calgary real estate prospects

[ExtraSlow]

Yes. I live in a duplex. Semi-detached is not a real thing.

[riander5]

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I always get a kick out of "semi-detached". It's either attached, or it isn't.



You're welcome.

You're my builder grade teacher... 89cou- Realtors hate him!

[89coupe]

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Yes. I live in a duplex. Semi-detached is not a real thing.

Really? Your lot is not subdivided?

[killramos]

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Forget the interior. That thing is on 37th street. I like how they put the door on the side and changed the address to 30th ave.

The bus stop right out front is a nice touch

[88CRX]

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Beyond should start its own company

Homes by Beyond

Appears you are all experts…imagine the bank you could make.

Avoid the shitty builders
Avoid the shitty realtors
Avoid the dumb brokers

All in house by Beyond

Step 1: Limit realtor involvement to just selling the units that were completed by the appropriate professionals.

[SJW]

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Step 1: Limit realtor involvement to just selling the units that were completed by the appropriate professionals.

If we eliminated realtors altogether then properties would be far cheaper. Change my mind.

[89coupe]

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Step 1: Limit realtor involvement to just selling the units that were completed by the appropriate professionals.

Absolutely, only Beyond approved. LOL

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If we eliminated realtors altogether then properties would be far cheaper. Change my mind.

You guys are so smart.

[SJW]

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Absolutely, only Beyond approved. LOL

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You guys are so smart.

It's coming. I hope you have a highschool diploma and a rainy day fund.

[ercchry]

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Every new build I've seen has BS low condo fees that double after year 5 when the condo board takes over. So a more established building that's settled a lot of it's issues seems more stable.

At least with the Realtor though I can just pay a dollar extra to avoid all the costs. But it is a good point I guess then she'd be locked to that building which depending on health / medical things could be something to consider location wise.

At 65, she has many, many potential years left living on her own, economically over the long term ownership should come out ahead… the issue here though is with current rates, minimum down payment and say condo fees in the $300-$400 range, you’ll only be at about a $185k purchase price to keep costs inline with the new $1400/month amount of the rental.

If condo prices stay stagnant, at least ~$300 (average over a 5yr term) ever month goes back into equity.

As amortization goes down, the “savings” grows, you get peace of mind on what cashflow looks like for longer periods (mtg terms), you get some options later down the road too if health changes to dip into that equity to help cover costs, even moving her into your home/assisted living, reverse mtg the condo and rent it out.

If you can find a unit that works and can co-sign if need be without interrupting your own home goals, I don’t see why this isn’t a better option… long term

[89coupe]

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It's coming. I hope you have a highschool diploma and a rainy day fund.

What? The Beyond revolution?

[suntan]

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It's coming. I hope you have a highschool diploma and a rainy day fund.

People have been trying to kill brokers in all sorts of industries for decades now. I don't think any of them have ever succeeded.

[msommers]

At some price-point for the potential discount on the buying price without commission factored in (ie: no realtor while purchasing), you could:

1) Hire a certified home inspector (or two) to look at each property with you. Hire trade experts if you require. ($500/house)
2) Pay a lawyer's hourly rate to go over the sale contract deals with you ($300/hr)
3) Save thousands of dollars

Selling a home?
1) Hire a market expert to price your house ($500)
2) Hire a photographer yourself ($500)
3) Hire a designer/stager ($2,000)
4) Pay a lawyer's hourly rate to go over the sale contract deals with you ($300/hr)
5) Save thousands of dollars

Seems pretty straightforward right? But I honestly think the R/E overlords are well protected, and connected, and will continue to have a monopoly on the market which is more-or-less requiring a realtor to buy/sell homes.

So while you could save thousands on each transaction if you do it yourself, 9/10 times it won't happen because the market is against you.

Two reasons I feel that a realtor would make sense to someone:
A) You have no desire to handle any of the transaction yourself and are willing to pay for that service
B) You prefer (and pay for) the idea of a trusted individual taking customers through the home than yourself dealing with showing the home to each customer. You could pay someone trusted a 200-300 to show a home and still likely be ahead but that's beside the point.

[you&me]

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If we eliminated realtors altogether then properties would be far cheaper. Change my mind.

FWIW, Realtors® take a standard, if not relatively modest commission for most transactions that require a middleman. It's probably clear from my posts here that I don't have a problem with good agents and I don't personally feel they have much of an effect on the value of properties; that certainly isn't influenced materially by their commissions.

The real problem is that most other transactions of this magnitude (6-9 figures) are generally handled by people who have cleared a higher bar... The real estate brokerage model is set up to not only accept mediocrity, but actively encourage it. It's much easier for a brokerage to make money from the bottom 50-80% of agents that do squat than it is to make money from the top active agents that actually utilize the services of the brokerage and negotiate better splits.

As is the case in anything, a good professional is worth their weight in gold... Unfortunately, they're few and far between. I'm happy to use a realtor to buy or sell.

[89coupe]

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FWIW, Realtors® take a standard, if not relatively modest commission for most transactions that require a middleman. It's probably clear from my posts here that I don't have a problem with good agents and I don't personally feel they have much of an effect on the value of properties; that certainly isn't influenced materially by their commissions.

The real problem is that most other transactions of this magnitude (6-9 figures) are generally handled by people who have cleared a higher bar... The real estate brokerage model is set up to not only accept mediocrity, but actively encourage it. It's much easier for a brokerage to make money from the bottom 50-80% of agents that do squat than it is to make money from the top active agents that actually utilize the services of the brokerage and negotiate better splits.

Better splits?

How do you think a real estate broker charges his or her agents?

A full service real estate broker, brick and mortar office, staff, board rooms, etc.

I’m curious what Beyond thinks they know.

I don’t split my commission with anyone.

[suntan]

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At some price-point for the potential discount on the buying price without commission factored in (ie: no realtor while purchasing), you could:

1) Hire a certified home inspector (or two) to look at each property with you. Hire trade experts if you require. ($500/house)
2) Pay a lawyer's hourly rate to go over the sale contract deals with you ($300/hr)
3) Save thousands of dollars

Selling a home?
1) Hire a market expert to price your house ($500)
2) Hire a photographer yourself ($500)
3) Hire a designer/stager ($2,000)
4) Pay a lawyer's hourly rate to go over the sale contract deals with you ($300/hr)
5) Save thousands of dollars

Seems pretty straightforward right? But I honestly think the R/E overlords are well protected, and connected, and will continue to have a monopoly on the market which is more-or-less requiring a realtor to buy/sell homes.

So while you could save thousands on each transaction if you do it yourself, 9/10 times it won't happen because the market is against you.

Two reasons I feel that a realtor would make sense to someone:
A) You have no desire to handle any of the transaction yourself and are willing to pay for that service
B) You prefer (and pay for) the idea of a trusted individual taking customers through the home than yourself dealing with showing the home to each customer. You could pay someone trusted a 200-300 to show a home and still likely be ahead but that's beside the point.

The current pricing is very transparent. So any attempt to make more as a seller would be met with price resistance. You as the seller need to convince buyers that you should make more money because there's no commission involved. Good luck with that.

[kJUMP]

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I believe it’s a sellers market, low inventory and high demand still.

My builders are panicking to try and find new lots to build on.

I just purchased a Rosedale lot today. Can’t wait to design a new build for this project.

Stoked!

Currently have 6 new projects in the works.

Where in Rosedale? What kind of project do you have in mind?

[89coupe]

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Where in Rosedale? What kind of project do you have in mind?

Walk-out
Rear attached garage
Maximum lot coverage
West facing backyard
I can’t release location just yet.

[ExtraSlow]

Rosedale is a cool neigborhood, and I think this'll be a cool project.

[max_boost]

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Walk-out
Rear attached garage
Maximum lot coverage
West facing backyard
I can’t release location just yet.

Good good. You stick to that and not tik tok videos lol

[Tik-Tok]

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Good good. You stick to that and not tik tok videos lol

Except the K-pop style dance ones, he should keep doing those.