A good client of mine who lives in one the one floor townhouses at 620 and 572 Thistlewood in London Ontario asked me the other day if home sellers or in this case, condo sellers ever did research.
Why I asked?
He pointed out to me that in 2014, at 572 Thistlewood the condos sold for 99.7% of asking price and at 620 Thistlewood , they sold for 99.3% of the asking price. What amazed him was why a seller, if they knew their condo would fetch 99% of the asking price, why they would pay a real state brokerage 5% or 6% to list their condo on MLS?
Him, looking at me, said even a dummy could sell those condos! He did look at me with a smile and we are still friends, so I don't think he thought I was a dummy, even though I am a Realtor!
So, getting back to his question, I said that some sellers use their relatives to sell a home, they work with a friend of a friend or they read someplace that a large real estate company gives them more exposure. Hmmmm!
A condo buyer does not care whose sign is out front of the condo, they want to see your condo! And, if you are in a period when one floor condo town homes are in demand, why not ask a Realtor if they could accomodate you with a lower fee!
You be the judge.