TheKingEast
Senior Member
^^agreed.
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Party Penguin
New Member
I'm 99% sure I've seen you in my elevator with a client.
CN Tower
Banned
DearSummer
Banned
That was my impression as well.
Are there not developers out there that realize they can cut out the middle man (real estate agents) and sell directly to the public? How have these guys not figured it out yet or am I missing something?
Is it becasue most buyers use an agent and agents will only show them homes that are offering a buyer's commission? I just don't understand what possible value an agent could add to a new-build condo.
We bought direct from the developer
hardcap
New Member
Ponzi scheme
hardcap
New Member
1.cheaper for the developer to pay out comm. vs advertising to general public, take months for the developer to sell 500 units. 2. HYPE as u can see in curious George brings in 5 clients, another agent brings in another 5= so called VIP sales = compulsive buying, makes ppl think there getting a deal of the century. a sense of euphoria.
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KA1
Senior Member
I also bought directly from the developer. However, developer still pays commission to the individual who was your contact person. Almost all of the time, these individuals are licensed agents but working on behalf of the developer.
They have to have someone manning the office! We've kept in touch with the agent; they only sell for this developer and have worked with them for years, so a good partnership for both parties.
We had been to a number of new sales offices. Lots of pressure to buy, etc. When we finally did buy, it was after the sales office had closed down, and it was quite a good experience with plenty of time to ask questions and go over details. I would never buy based on a morning's visit to a model site sales office with everyone vying to put their red dot on the chart.
We had been to a number of new sales offices. Lots of pressure to buy, etc. When we finally did buy, it was after the sales office had closed down, and it was quite a good experience with plenty of time to ask questions and go over details. I would never buy based on a morning's visit to a model site sales office with everyone vying to put their red dot on the chart.
KA1
Senior Member
sentiant
New Member
Yes. Although it is said the best prices are available at vvip platinum opening( unless the market falls off).
This is what I have heard over and over again.
as far as I can tell it may be . But the industry is extremely secretive so I cannot be sure
This is what I have heard over and over again.
as far as I can tell it may be . But the industry is extremely secretive so I cannot be sure
CN Tower
Banned
Therein lies the root of the ridiculous hustle in this perpetual pyramid scheme.
Eventually the chickens will come home to roost and there will be a lot of bagholders.
At the far other end of this scheme we are seeing resale prices not exceeding presale prices.
What does that tell you?
James
Senior Member
It was interesting to see if the big lenders were going to follow suit. Seems like they're not going sub-2% but they're definitely duking it out with some very competitive rates.
Mortgage battle escalates as Scotiabank offers 2.97% five-year rate
Bank of Nova Scotia is the latest lender to push the envelope on mortgage rates, offering a five-year fixed rate of 2.97 per cent.
Click for the full article: http://www.theglobeandmail.com/repo...nk-offers-297-five-year-rate/article18880534/
kalvinone
Active Member
My opinion - just wait and buy resale from the chickens..
Eug
Senior Member
When I bought my townhouse condo, I just walked into the showroom and talked to the sales person. No real estate agent at all. I even negotiated for a slightly lower price, because I didn't want the extra incentive they were providing. I told them to take the cost of the incentive and lower the unit price by that much, and they did.
However, that was back quite some time ago, before the mid 2000s condo boom.