Real estate blog entries tagged with mls by Durham Region For Sale By Owner

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Home : Blogs : Durham Region For Sale By Owner : Durham Region For Sale By Owner's Blog : Tag "mls"

mls: 25% Of Residential Real Estate In Canada Is Sold Privately - 09/01/08 05:12 PM

Private sales of real estate in Canada amount to 25% of the market. This number surprises a lot of people, however statistics will verify it.
Have you ever bought a new home from a builder? If so, this was a private sale. No real estate agents were involved in the transaction as it was not listed on MLS. The builders representative drafted an offer which contained a condition for a few days to allow your lawyer to review it. If you accepted the agreement, you proceeded with the purchase.
So what is so difficult about selling your own home? You market the … (3 comments)

mls: Price Your Real Estate Correctly - 07/29/08 11:33 AM

In the real estate business there are 2 types of value that can be applied to a property. They are Objective and Subjective.
Some owners of real estate formulate a value they feel their property is worth. This is called Subjective Value. It is based on emotion. In most cases it is higher than the true market value.
Objective Value can be proven. In order to do this, statistics from past sales, expired listings and properties currently on the market for sale are used. Real estate appraisers gather information from the Multiple Listing Service (MLS) to form an opinion of value for … (0 comments)

mls: Where Is The Real Estate Business Headed? - 06/22/08 03:58 PM

On Friday we received 2 calls from real estate owners that are currently listed with a broker. The reason for the call is they are canceling their MLS listing and are going to sell private.
These calls were unsolicited. They came across HomesByOwner of Durham Region by our signs and word-of-mouth.
In one case the seller was waiting for the cancellation agreement to be signed by the broker. We have an appointment with them next Friday to list their home on our private sale website.
In the other, their listing expires in July. They are attempting to cancel, however the realtor … (0 comments)

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