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$94000 Dollar Reason NOT to Sell Your LOFT on Craigslist or Propertysold.ca

24 Nov 2009
$94000 Dollar Reason NOT to Sell Your LOFT on Craigslist or Propertysold.ca

TRUE STORY - In the summer of 2009, I contacted a private seller at the Candy Factory who posted her LOFT on a couple well known for-sale-by-owner websites. Her price was extremely attractive at $449,000  (I assume willynilly appraisal services assisted her in setting the price). After contacting the seller it was clear she wanted nothing to do with a Realtor--this seller was a lawyer who thought she knew it all. I will note she did offer an insulting commission should I bring her a buyer. After discussing the opportunity with a client of mine, my client contacted her directly and purchased her property for $446K. I am sure the seller felt extremely satisfied as she just saved ~$22,000 at a nominal 5% Listing rate in sales commissions. Unknown to this savy seller, two months later we RESOLD the property for $540,000 or $94,000 more and in a fraction of the time. Fortunately my client recognized the value in hiring a professional who knows his business. 

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