Ontario Tax Sale Property Forum
Tax Sale Forum => Questions and Answers => Topic started by: worldjohn on January 19, 2015, 10:34:51 PM
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I have used Kijiji and Craigslist and Now Backpages with fairly good success. But I'm wondering if anyone has any other ideas on free places to advertise. Has anyone tried MLS without an agent? Is that worth the money? I still haven't tried using an agent but I think they probably wont put in much effort to sell a 20 or 30k property. Are there any other paid advertising sites that are actually cost effective?
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Depending on the type of property you were trying to sell I would suggest using flatprice.ca brokerage. Very reasonable listing rates.
The only site I have used to sell property other than most is Kijiji.
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I've had success with just putting a 'For Sale' sign in front of the property. 8)
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If the land has any value, I am a firm believer in using local real estate agents when selling . As a seller their greed is your friend and they will easily get you the best price. Also you dont have to waste your time with people who will lowball or havent a penny to their name. Many of us have sat in a field 3 hours from home just to listen to the dreams of the unemployed land developer or whatever who you thought you had qualified.
Low value , use kijiji but delete and renew the ads EVERYDAY and make two separate ads that are worded differently . One for the actual location and one for the GTA . If you run the same ad in more then one spot they will kill it.
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thanks for all the info, some good ideas out there. I wonder if its worthwhile to try and sell to the US or Europe and how would one go about it?
To pmf do you have any experience with getting real estate agents to sell properties in the 15 to 30 thousand range. For me they have seemed not interested or have asked for 10%
To Dave thanks for the great complements but I doubt I am the best flipper in Ontario, if I were I would be on a beach with 2 or 3 beauties instead of freezing here and going through a dry spell trying to sell land in the winter.
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Thank you for your sharing. Thanks to this article I can learn more things. Expand your knowledge and abilities. Actually the article is very practical. Thank you!
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I had a small rural residential property, with a well, that I wanted to sell, and the broker-agent I had it listed with was "too busy" to look after it, and "it was priced too high", but I wanted it gone, so I found out the name of a young go-getter builder, told him it was listed, here's the price, and I'll hold the mortgage for 1 year, with $1 down, and said he had to go through my agent.
It sold.
Today, I would get the listing cancelled, and sell it directly. Not knowing your situation, I would suggest plastering the area with bulletin board notices, be helpful, and be willing to accommodate a buyer. Plus follow the suggestions above. I would also make sure the listing was renewable every 60 days, with no holdover clause, if the agents in the area are lukewarm. Do not pay anything over 5%, and, if you have to renew the listing, drop it to 2.5% with a promise of another 2.5 for quick action. I also tell them that I am in the tax sale business, and I will go to them with any other lots in the area. And I keep my word.
Years ago, I looked at a tax sale house that had longterm tenants, and found out that they had, with their own money, practically totally rebuilt the inside of the house. It was beautiful. I had my agent visit them, and got a very nice offer, that suited both parties, to buy the property from me if I were to be the successful bidder. I was, and the owner promptly paid the back taxes.
Sometimes it's just "Oh, crap!".