Top 3 Industry Secrets Revealed to Save You Thousands A Recent survey shows 67.5% of the public doesn’t trust Realtors. With all the negative stigma around the industry how can you trust your Realtor will get you the best price when selling your Vancouver condo? In this post, i’ll outline the industry secrets and show you how you can avoid them to ensure a smooth sale. Selling Your Condo Below Value Studies from the popular book Freakonomics show that most Realtors won’t work harder to get you a higher sales price. Seems counter intuitive since they get paid on commission, right? However, due to the way commissions are structured there is little incentive to fight for that extra dollar. Let me explain, let’s say you get an offer of $600,000 on your condo. It likely doesn’t make mathematical sense for the Realtor to tell you to hold off and try and get $620,000. To keep things simple lets say commissions are 3% of the price, which is shared equally with the buyers agent. If you sell for $600,000 the Realtor will make $9000. If you sell for $620,000 the Realtor will make $9300. Most Realtors would rather a quick sale

Avoiding These 5 Mistakes When Selling and Save Thousands Selling your Vancouver condo can be a stressful decision. In a quick changing market, deciding when to sell and for how much can cost you tens of thousands of dollars or more. Along with timing, how do you select the right Realtor to market and sell your condo for the most money? Below I’ll list the 5 most common mistakes I see when Vancouver sellers pick their Realtor. This post will save you from those mistakes and ensure you walk away wealthier. Here are the 5 critical mistakes to avoid: Hiring a Realtor based on the highest list price This is without a doubt the number one mistake I see time and time again. When Realtors are competing for listings they will intentionally bid higher than one another. The Realtor who can promise to sell your listing for the highest price is usually the one you go with, right? Wrong. Just because a Realtor promises you a price does not mean he or she will it. In fact, many times they end up overpricing the listing which ends up costing you in the long run. Some don’t even care if the