Inexperienced Real Estate Agent Costs Seller Thousands of Dollars

By
Real Estate Agent with Re/Max Ultimate Realty Inc. Brokerage

The changing market in Mississauga Real Estate, Toronto Real Estate or Oakville Ontario Real Estate has led to the realization that you will need the services of an experienced real estate agent if you want or need to sell your Mississauga Condominium, Toronto Condominium or your Oakville Ontario Condominium.

 Ugly and Costly

A recent condominium sale in the Greater Toronto Area turned ugly and costly for the seller on closing day.

This condominium was sold with a parking spot that was stipulated in the Agreement of Purchase and Sale as owned by the seller. As it turned out the parking spot was in fact not owned by the seller. The seller had exclusive use of the parking spot and could not sell it with the unit.

What Happened on Closing Day

On the closing day the buyers' lawyer demanded and successfully secured a reduction in the purchase price because the seller did not own the parking spot and therefore could not sell it with the unit.

Inexperienced Agent

The real estate agent handling this sale assumed the parking spot was owned because the seller told him so. He is obligated to verify this with the Condominium Corporation but failed to do so. This real estate agent advertises 15 years experience. He has in fact had his real estate license for 15 years but warehoused it for over 10 years while he was involved in some other unrelated occupation.

Changes take place over time and his long absence meant simply, he did not have enough experience to handle this condominium sale.

So the next time you interview a real estate agent for the job of selling your Mississauga Condo, Toronto Condo or Oakville Ontario Condo ask them how long they have been licensed and if they have been continuously selling real estate full time for the time they claim.

 

If you are thinking of selling Mississauga Real Estate, Toronto Real Estate or Oakville Ontario Real Estate why not put my 24 years of experience to work for you. Stop by my site at www.john-lavin.com and get to know me.

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