I guess time for my testimonial. Prior to having Santo represent me, I applied to another agent who is well known. An estimate that I received from that agent was (450-480k). I got suspicious as similar units were selling around 500k range. So I decided to reach out to Santo. Santo's estimate was 475-525k which was in line with my estimate. I was selling identical units, one by one so I needed to make sure I get the best possible deal as I would be essentially competing with myself. With Santo's team (stager, photographer, his son - Daniel) we were able to sell both units even higher than upper price range. If I did not choose Santo , I could have lost 100k to 150k.
Hi Mark, thank you for this awesome comment. It’s not every day a seller has 2 identical condos to sell. Helping you with the right strategy was exciting and fun. You were great to work with. Thank you. 🙏
Maybe the client offered with a 'this expires at 6:00 PM' condition. One of my colleagues bought a few years back with that condition. Take the offer, or I walk. He got the house. Seller didn't want to take the risk that the best offer walked away. Sometimes you just gotta get outta Dodge.
🎶 track? It’s *Dust till Dawn* by *Dusty Decks* - and yes we are THRILLED to be your trusted provider. th-cam.com/video/FpZJDTxm0Pg/w-d-xo.html // Epidemic Sound
Told you before when an agent doesn’t return your call. Very fishy. They don’t want you to get it because they have someone else. They don’t tell their seller. Sad situation. It has happened twice to me.
That last house on the video has been on your video since last year.. I've seen its ad atleast 6 months before but on the listing it says listed 4 days ago. and What's up with the house? And what's the mechanism of knowing that that's not the price? How long does it need to stay in the market? Or is it like catching a fish, you'll have 100 pass by and 1 get caught and then the other 100 would be shown that that's the MARKET PRICE? this industry needs to change..
The mechanism of knowing is: cut down the bureaucracy, and purposely invented legal cobweb, so that you HAVE to have an agent to represent you. And then, of course one hasn't got a clue on what is actually going on in the background. Buying a home should have NEVER supposed to be a major strategical-town-hall-discussing-draining exercise! These all are artificially created flowcharts, so that various parasites can mooch and but justify their own existence! People seem to be forgetting a simple thang: if the bureaucracy crosses that thin red line, and embarks on a point-of-no-return journey of OVER structuring processes, you're entering into a tyranny, and become helpless. The system becomes notoriously inefficient, and a common man becomes vulnerable, since he has no control over anything anymore. That's the rule that can be applied EVERYWHERE. Long answer, but you get the picture. The more people you get involved, the higher the chances are that you're getting screwed.
There scenarios can also be inside jobs for family members or friends of the agent. I know agents that work for to block competition to ensure immediate family/ friends close on it- again unbeknownst to seller. They focus on getting the sale for their friend - not the highest price.
My question is to you have you ever double ended I have and it worked out for the seller especially in today's market however they should have returned your call
The interesting question/phenomenon is how people are qualifying for these high priced properties. I suspect there are a LOT of baby boomers are are putting their retirement plans at significant risk by gifting/lending their 30 something kids with hundreds of thousands of dollars in cash (either removed from a equity portfolio or borrowed on a HELOC) to generate a significant downpayment. For the move up buyers - they are taking on enormous mortgages (north of a million) to finance that move up purchase - hoping and preying that rates come down. It might be a bad bet. The talk now is that the neutral rate is going to land much higher than it was 5 years ago. The world's economy is shifting - reshoring etc... and we are aging as a country. Rates will settle at a much higher level.
No. Lookup the Toronto Me th o d. Leaked from HSBC, RBC insiders. They lie about having 300k+ income outside Canada, this is never checked by banks. Expectation is price only goes up and sell after construction done in 3 years or after holding prop for few years. If plan goes wrong, just bail out of Canada.
I know an agent that uses other peoples homes (unbeknownst to them) to negotiate points on his commission for larger sales (2M +) ie) give me the listing and X estate sale is yours/ this is their price… these people are enticed because they are property collectors/flippers. I’m related to him- he’s done it for years. Very lucrative and unethical. Should be illegal.
I guess time for my testimonial. Prior to having Santo represent me, I applied to another agent who is well known. An estimate that I received from that agent was (450-480k). I got suspicious as similar units were selling around 500k range. So I decided to reach out to Santo. Santo's estimate was 475-525k which was in line with my estimate. I was selling identical units, one by one so I needed to make sure I get the best possible deal as I would be essentially competing with myself. With Santo's team (stager, photographer, his son - Daniel) we were able to sell both units even higher than upper price range. If I did not choose Santo , I could have lost 100k to 150k.
Hi Mark, thank you for this awesome comment. It’s not every day a seller has 2 identical condos to sell. Helping you with the right strategy was exciting and fun.
You were great to work with. Thank you. 🙏
Moral of the story is .. inventory is about too explode. Rates aint coming down and the pain train is rolling in full steam. 🙃
the crooked agent rushed and closed the sale for his own commission! likely lied to both seller and buyer that this is the ONLY offer
"Folks is your realtor acting in their best interest"?
YES is the correct answer.
Maybe the client offered with a 'this expires at 6:00 PM' condition. One of my colleagues bought a few years back with that condition. Take the offer, or I walk. He got the house. Seller didn't want to take the risk that the best offer walked away. Sometimes you just gotta get outta Dodge.
🎶 track? It’s *Dust till Dawn* by *Dusty Decks* - and yes we are THRILLED to be your trusted provider.
th-cam.com/video/FpZJDTxm0Pg/w-d-xo.html
// Epidemic Sound
Told you before when an agent doesn’t return your call. Very fishy. They don’t want you to get it because they have someone else. They don’t tell their seller. Sad situation. It has happened twice to me.
When there is money involved nobody works in your best interest. As once said “Nobody cares nobody”
0:08 oo yes
That last house on the video has been on your video since last year.. I've seen its ad atleast 6 months before but on the listing it says listed 4 days ago. and What's up with the house?
And what's the mechanism of knowing that that's not the price? How long does it need to stay in the market? Or is it like catching a fish, you'll have 100 pass by and 1 get caught and then the other 100 would be shown that that's the MARKET PRICE? this industry needs to change..
That's exactly I was looking to say 😜
The mechanism of knowing is: cut down the bureaucracy, and purposely invented legal cobweb, so that you HAVE to have an agent to represent you. And then, of course one hasn't got a clue on what is actually going on in the background.
Buying a home should have NEVER supposed to be a major strategical-town-hall-discussing-draining exercise! These all are artificially created flowcharts, so that various parasites can mooch and but justify their own existence!
People seem to be forgetting a simple thang: if the bureaucracy crosses that thin red line, and embarks on a point-of-no-return journey of OVER structuring processes, you're entering into a tyranny, and become helpless. The system becomes notoriously inefficient, and a common man becomes vulnerable, since he has no control over anything anymore. That's the rule that can be applied EVERYWHERE.
Long answer, but you get the picture. The more people you get involved, the higher the chances are that you're getting screwed.
Shame on that greedy agent !
Was it a freehold townhome?
There scenarios can also be inside jobs for family members or friends of the agent. I know agents that work for to block competition to ensure immediate family/ friends close on it- again unbeknownst to seller.
They focus on getting the sale for their friend - not the highest price.
My question is to you have you ever double ended I have and it worked out for the seller especially in today's market however they should have returned your call
Yes, I have double ended. And all things considered, it worked out for everyone. However, I did not shield other offers from my client the Seller.
I thought real estate agents can’t double end deals anymore because of the new regulations?
The interesting question/phenomenon is how people are qualifying for these high priced properties. I suspect there are a LOT of baby boomers are are putting their retirement plans at significant risk by gifting/lending their 30 something kids with hundreds of thousands of dollars in cash (either removed from a equity portfolio or borrowed on a HELOC) to generate a significant downpayment. For the move up buyers - they are taking on enormous mortgages (north of a million) to finance that move up purchase - hoping and preying that rates come down. It might be a bad bet. The talk now is that the neutral rate is going to land much higher than it was 5 years ago. The world's economy is shifting - reshoring etc... and we are aging as a country. Rates will settle at a much higher level.
No. Lookup the Toronto Me th o d. Leaked from HSBC, RBC insiders. They lie about having 300k+ income outside Canada, this is never checked by banks. Expectation is price only goes up and sell after construction done in 3 years or after holding prop for few years. If plan goes wrong, just bail out of Canada.
Manipulative and greedy that other agent !
Maybe the listing agent gave all of some of the commission back to his client so that was enough to entice them to sell it right away
I thought statistics show, your first offer is often the best...
Desperate seller
I know an agent that uses other peoples homes (unbeknownst to them) to negotiate points on his commission for larger sales (2M +) ie) give me the listing and X estate sale is yours/ this is their price… these people are enticed because they are property collectors/flippers.
I’m related to him- he’s done it for years. Very lucrative and unethical. Should be illegal.