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Ian’s Real Estate Rant

“From the desk of Ian Barnes. Relevant, topical real estate related opinions, thoughts and perspectives”

August 2011 - Evolution Realty – Evolution Realty

SELLING YOURSELF VS USING AN AGENT

August 25, 2011

(or DIY) is a term used to describe building, modifying, or repairing of something without the aid of experts or professionals. The phrase “do it yourself” came into common usage in the 1950s in reference to home improvement projects which people might choose to complete independently. Source: Wikipedia. Recently an article appeared in a major newspaper promoting the benefits of property owners selling privately without...

Pitfalls all potential sellers must know- Tip 1

August 18, 2011

1. Choosing the highest quoting agent- 3 things to know i. Oldest trick in the book Most sellers want to sell for as much as they can achieve, that is understandable. In fact one of the biggest fears for a seller is underselling. It is for this reason often, an average, less accomplished agent is selected based on one of the biggest cons in real...

Market update- Stock levels high

August 11, 2011

We are seeing an enormous amount of new stock either come onto the market, or about to come on. I received 5 requests yesterday alone for appraisals, all for sellers in this area. There are currently over 200 properties all prices in Applecross and Mount Pleasant on the market. During the height of the boom, it was closer to 100. I am finding that there...

The 8 risks to buying property privately

August 4, 2011

Buyers are cautioned to be very careful when buying a property privately, without a real estate agent. Recently, I have seen this happen a couple of times, and my general anecdotal findings are this. 1) Private sellers will often write ineffective, risky clauses that could open the buyer up to difficulties prior to settlement. Unless “subject to’s” are succinct, there are risks to both sides....