Broker sticks up for Realtors

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More homebuyers may be choosing to privately sell their own homes but many brokers still believe Realtors provide a safeguard for potential home owners during the buying process.

“In view of all the potential mortgage frauds in the real estate market at this time, it is prudent to use a seasoned real estate professional; people think that a real estate lawyer can replace a real estate professional, but the truth is that real estate lawyer is not trained as a real estate professional and monitored by CREA or TREB,” Angela Wong-Lao of Invis the Money Lady said on “On the contrary, I find most of my clients get a better pricing for their purchases or selling by using a realtor because a seasoned realtor knows how to promote and sell the property properly.”

According to Wong-Lao, turnaround times for a private sale may be longer, as lenders take more time to evaluate these deals.

The discussion was sparked by a recent article about homebuyers – especially real estate investors – turning to lawyers who charge a base fee when negotiating for a property, and avoiding Realtors altogether.


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  • Angela Wong-Liao - Invis Inc on 2014-07-23 3:11:00 PM

    I work with a number of seasoned and honest realtors and respected their hard work and due diligence. I have bought and sold a few properties myself and I will never consider private sale as I trust the expertise and professionalism of a good realtor. A good real estate professional reduces my level of stress and anxiety and according to my past experiences, a good and experienced realtor can get me a better pricing for my properties despite I have to pay a commission.

  • John Van Driel on 2014-07-23 3:28:42 PM

    ALWAYS recommend a Realtor over private Sale. Pennywise and Pound Foolish is the
    mantra that makes the most sense!!

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