Our Top 10 REASONS That House is Still For Sale

I am sure you have had a listing or two in your neighbourhood that stays on the market for an extended period of time. If you ever wondered what could be going on, here is an inside look from our experiences.

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Claims to Saving Sellers Commissions

I recently saw a tweet from a For Sale By Owner company that is claiming that they have saved their clients over $400,000 worth of commissions. Although this might sound impressive, I started analyzing the statement and came up with a few questions. Is comparing a house that is sold via For Sale By Owner and one that is sold by a real estate agent on the MLS® System really comparing apples to apples? Who verifies that the buyer actually came from that specific For Sale By Owner company? Here are my thoughts...

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CAUTION! Days on Market STATS

I read articles on the Internet all the time that suggests to prospective sellers that one of the questions they should ask when looking to hire an agent is "what are your average days on market." In my opinion, this question assumes that I, the agent, actually control how quickly or how slowly a property will sell. And from my experience, I would say this assumption is incorrect. According to the laws in Alberta, a real estate agent must obey their client's lawful instructions. Therefore, if I make a recommendation to my client to reduce their price in order to get their property sold and they do not accept my recommendation, how can I be held responsible if that property takes twice as long to sell because the price is too high?

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Hybrid Model in Real Estate?

Yes, we said it, hybrid! So what's a hybrid in real estate look like? Lime Green Realty, that's what! We have developed a commission model that will save consumers thousands without sacrificing service, we call it our $1499 program. How is it possible to pay less and get the same or better service? Let us explain:

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The data included in this display is deemed reliable, but is not guaranteed to be accurate by the Central Alberta REALTORS® Association

The real estate listing information and related content displayed on this site is provided exclusively for consumers. personal, non-commercial use and, may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information and related content is deemed reliable but is not guaranteed accurate.

*Compared to a typical rate of 6% on the first $100,000 and 3% on the balance of the sale price, not applicable for agent or relocation referrals.
**$1,500 cash back on a property that sells over $250,000 and $1,000 for a property that sells under $250,000. Commission paid by seller must be 3% on the first $100,000 and 1.5% on the balance of the sale price. Not applicable for agent or relocation referrals. May be reduced or not applicable on for sale by owner properties.
***Includes transactions from the CARA MLS System.