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Old 07-07-2009, 02:22 PM   #1
xlash
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WTB: multi unit (rental) property in or near Hamilton



Let me know if you know somebody who is selling/wants to sell a multi unit property that can used for rental purposes in Hamilton or nearby areas such as Burlington, Ancaster etc.
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Old 07-07-2009, 04:19 PM   #2
Nick_V
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not being a smartass, but why don't you just look on MLS.ca?
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Old 07-07-2009, 04:32 PM   #3
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^thread./
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Old 07-07-2009, 04:34 PM   #4
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not being a smartass, but why don't you just look on MLS.ca?
LOL exactly!

MLS's reach is a lot larger than that of this forum. Please go find a realtor!
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Old 07-07-2009, 09:34 PM   #5
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not being a smartass, but why don't you just look on MLS.ca?
I am looking at MLS. But there are private listings outside MLS too despite it being relatively small. If there's an opportunity to bypass the 8% realtor fees why not capitalize on it?
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Old 07-07-2009, 09:36 PM   #6
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I am looking at MLS. But there are private listings outside MLS too despite it being relatively small. If there's an opportunity to bypass the 8% realtor fees why not capitalize on it?
if you're buying, you don't pay any fees to the realtors. it's the seller that pays the realtor fees.
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Old 07-07-2009, 10:01 PM   #7
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if you're buying, you don't pay any fees to the realtors. it's the seller that pays the realtor fees.
It's true, but not really. There's an inherent conflict of interest, being that although you have enlisted an agent to represent your interests, he/she is ultimately trying to make the most money possible. AFAIK, the commission is agreed upon between seller and seller's agent, and then seller's agent decides what cut the buyer's agent will get. It only stands to reason that the more the property sells for, whatever the arrangement, the more that the buyer's agent will take home. Call me cynical, but you gotta wonder just how hard they negotiate on your behalf.

If this is what you meant, Xlash, then I see your point. However, with the deals and interest rates to be had out there right now, there's never been a better time to buy and you really can't lose. I'd let an agent to the legwork. They have an inside track on things before they hit MLS too, so your chances of finding exactly what you're looking for are way higher with a realtor, IMO.
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Old 07-08-2009, 01:55 PM   #8
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It's true, but not really. There's an inherent conflict of interest, being that although you have enlisted an agent to represent your interests, he/she is ultimately trying to make the most money possible. AFAIK, the commission is agreed upon between seller and seller's agent, and then seller's agent decides what cut the buyer's agent will get. It only stands to reason that the more the property sells for, whatever the arrangement, the more that the buyer's agent will take home. Call me cynical, but you gotta wonder just how hard they negotiate on your behalf.

If this is what you meant, Xlash, then I see your point. However, with the deals and interest rates to be had out there right now, there's never been a better time to buy and you really can't lose. I'd let an agent to the legwork. They have an inside track on things before they hit MLS too, so your chances of finding exactly what you're looking for are way higher with a realtor, IMO.

granted - but at the end of the day, you're only putting down what you can afford. otherwise, you'll be over your head, ie sub-prime meltdown in the US.
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Old 07-08-2009, 02:08 PM   #9
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^ the buying agent must work hard on your behalf because if you don't buy, he doesn't get paid. If you don't like the terms of a deal, no matter how much your buying agent says the terms are right, you'll walk away and he/she gets nothing. the inherent nature of this compensation agreement dictates that your buying agent work his/her hardest for you.
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Old 07-08-2009, 06:37 PM   #10
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I am looking at MLS. But there are private listings outside MLS too despite it being relatively small. If there's an opportunity to bypass the 8% realtor fees why not capitalize on it?
Wow 8% in Hamilton? Is that different than the rest of Ontario?

And buying...you pay nothing.

The last time I bought something, I cut a deal with the vendor realtor. Went as double agent and beat the bitch down like a point and half. The savings was like $6K
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Old 07-09-2009, 10:11 PM   #11
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