Nova Scotia agents warn (threaten?) a private seller
May 21, 2010
May 21, 2010
So you’ve decided to sell your home– and you’re nervous. After all, it’s a stressful process. And it’s probably one of the single largest financial transactions of your life. And on top of it, you’ve decided to handle it all by your lonesome. Seems like enough stress, right?
As an added bonus Ruth Copeland, a Nova Scotia private seller, received a letter from the Nova Scotia Association of Realtors that warned of the legal risks of personally handling the sale of her home. Copeland said,
“The tone of the letter was a little bit scary, that we would probably leave ourselves open to a lawsuit at some point in time if we didn’t have our legalities checked…Anybody knows when you’re selling your property that it’s the lawyers who do the final deal, and I felt we would be very well represented in that area.”CBC News
But she will not be swayed by these scare tactics. Copeland decided to pay a flat fee to PropertyGuys to provide her with basic services for selling her home privately. That way, she can avoid traditional commission fees charged by realtors.
But Karen Edwards, president of the Nova Scotia Association of Realtors, said the letter was intended to be a public service. Edwards said:
“Real estate agents on a regular basis get new clients who tried to sell their homes themselves but realized there was much more to it than they thought…We wanted to be proactive in getting our message out” CBC News
Sounds like a load of crap to me. I’m sure that Copeland was aware that the services of a real estate agent were available to her– if she wanted to pay the fee.