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Considering selling in 2008? Then there will be two main questions on your mind:
When and How.
“When” has two probable answers: When the time is right for you is the obvious one.
But if you want to be on the market when the market is most likely to be favourable to you,
you might want to be there sooner than later.
Winnipeg area homes are still selling extremely well in the early going this year.
ComFree homes are moving at an even faster clip than last year. But economic news out of
the U.S. and its probable effect on financial markets is only worsening. It could have a
dampening effect on our housing market later in the year. If you plan to be on the market
this year anyway, now may be the best time. Exceptional markets like we’ve experienced can’t
last forever.
“How” is the easiest answer of all (if we do say so ourselves): Whichever market you
place your home on, ComFree or the agents’ MLS, it has the same chance to sell.
The two markets had the same sold success rate in 2007. The marketplace sets your home’s
eventual selling price, not agents. What you’ll receive will be determined by the homes
your home is competing against. If the marketplace agrees with your price, it will sell.
If it doesn’t, it won’t, whichever market you choose
The real question you should be concerned with is: How much money will I walk away with
in my pocket? The answer to that query makes ComFree the clear choice.
Consider the homeowners of 3 Galaxy Way, used in the pictured example above. They listed for $296,900 and
sold quickly for $302,500, all of which they will put in their pocket. Had they listed on the MLS, they
would have pocketed only $283,443 after paying the commission and GST.
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RECENTLY SOLD ON COMFREE
3 Galaxy Way, Seven Oaks Crossing |
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List Price: |
$296,900 |
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Sold For:
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$302,500
(In one week) |
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Saving in GST & commission: |
$19,057
(6% comm./gst) |
To get around this inconvenient truth, agents will tell you that they will get you so much more for your
home that they will more than cover their commission. To do that, 3 Galaxy Way would have had to sell for
at least $21,000 more than it did.
Try running that by 3 Galaxy Way’s new owners. They feel they already paid fair-market value, and the sellers
agreed by accepting their offer.
How probable is it that someone else would have come along and paid $323,000 for this 22-year-old, 1,850-sq-ft.
bungalow? There was the opportunity, and no one did. The property was viewed more than 1,800 times on ComFree’s
web site alone.
The conclusion is inescapable: Had they chosen the MLS over ComFree, these homeowners would be thousands poorer
for it today.
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