FSBO web portals and maligning compaign against the realtors

Hi All,
Please have a read at the blog on a popular realty listing web portal which is being reproduced below:

Blog.ByTheOwner.com
A blog about the real estate market and the for sale by owner process
« SPIS Form: Sellers Property Information Statement
Alberta, Saskatchewan and BC Overpriced: Globe and Mail »
July Information on the Greater Toronto Market
Here is a link to an article from the Toronto Star about the July real estate agent results. According to the article, real estate agent
sales are down 12% in July and listings are up 28%. The average price for a home was $371,427 which is “the lowest year over
year increase since the first quarter of 2001″.
http://www.thestar.com/article/473583
If home prices have only increased 1% from July 2007, that means that anyone who purchased a home in the last year and needs
to sell it would lose money if they went with an agent! If we look at a $400,000 example:
SELLING WITH AN AGENT
2007 Home purchase price =$400,000
1% Home Price increase = $4,000
2008 Selling price = $404,000
Land Transfer Tax = $4,475
Real Estate Commission (5% +GST) = $21,210
OWNER KEEPS = $378,315
OWNER LOSES = $21,685 (OUCH!)
SELLING WITH ByTheOwner.com
2007 Home purchase price =$400,000
1% Home Price increase = $4,000
2008 Selling price = $404,000
Land Transfer Tax = $4,475
Real Estate Commission (5% +GST) = $0
ByTheOwner Fees = $649 (max)
OWNER KEEPS = $398,876
OWNER LOSES = $1,124 (Much better than losing $21,685!)
In this example, the owner saved more than $20,561 from the sale of their home by using ByTheOwner.com!
ByTheOwner.com
This entry was posted on Thursday, August 7th, 2008 at 8:05 am and is filed under Real Estate Market. You can follow any responses to this entry through
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In my opinion, this information is misleading as they cannot generalize the things.
I invite all the members of the public and the realtors to submit their comments here so that a case can be taken up against the propagators of such maligning compaign.

Thanks,
Paul Cheema, Salesperson
http://www.quicksellnbuy.com/
http://www.canrealty-mart.com/
www.century21.ca/paul.cheema

Mississauga Properties, Brampton Properties, Top Realtor.. Find Dream Homes

Mississauga Properties, Brampton Properties, Top Realtor.. Find Dream Homes 

A great Convenience Store for sale : 55,000 + Inventory

Act quick, get this money making business in a very busy location in Brampton. The store is making 20-22K per month. Deals in LOTTO, ATM, Greeting cards, Candies, fax, photocopy, ice-cream and what not!!

Listed just for 55,000 + inventory and ready for takeover as soon as you want. The chattles are included which are; three door ice-cream fridge, 4 door freezers, racks, counter, cash register, key duplicating machine.

click the following link to view the property:

http://www.century21.ca/Popups/PrintBrochures.aspx?ListingID=458533&Type=Complete

Convenience Store-New Listing

 

Call me for details:

Paul Cheema

salesperson

Century 21 Green Realty Inc., Brokerage,

Mississauga, ON L5T 1L2

Tel. (905)565-9565

Direct (647)333-2273

www.century21.ca/paul.cheema

www.quicksellnbuy.com