Admiral Beez
Superstar
AIUI, in Australia homes are bought and sold on open auction.
http://www.cbc.ca/news/business/her...ralia-should-canada-follow-its-lead-1.3826727
This means the buyer and the seller have full visibility to the deal, know what counter offers have been made, know the values of recently sold local homes, know the reserve price, can avoid fake bids, and homes are posted for all to see, not just by a cabal of realtors, and other benefits of removing the smoke and mirrors of real estate. Apparently in Australia, many homes are sold without an agent.
Is there any downside to the Australian model?
http://www.cbc.ca/news/business/her...ralia-should-canada-follow-its-lead-1.3826727
This means the buyer and the seller have full visibility to the deal, know what counter offers have been made, know the values of recently sold local homes, know the reserve price, can avoid fake bids, and homes are posted for all to see, not just by a cabal of realtors, and other benefits of removing the smoke and mirrors of real estate. Apparently in Australia, many homes are sold without an agent.
Is there any downside to the Australian model?