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Article #33

Re: houses for sale

#33
From: Vijay Aggarwal
Date: Wed, 14 Nov 2001 19:28
94 lines
4704 bytes
I DONOT THINK ANY BODY PAYING TO BUYING A HOUSE IN CANADA
THOSE DAYS MIGHT COME SOON

Elat Lerner wrote:

> Vijay Aggarwal (vijay.aggarwal@home.com) writes:
> > u donot pay comm.when u  buy the house, seller pay to agent for selling the
> > house.
>
> Not necessarily.
>
> If the seller(vendor) pays then all agents involved work for the
> vendor. So if you are the buyer, and you have an agent show you
> properties, get you to make an offer, etc., that agent is really
> working for the vendor. It is his job to get the vendor the best
> price possible.
>
> OTOH if you pay the commission to your agent as a buyer, then
> the agent will be looking after your best interest. Trying to get
> you the best deal for the least amount of money.
>
> Since you are paying commission anyway (if you are the buyer it
> is built into the price), you may as well pay it directly and
> benefit from working with an agent that is working for you.
>
> > Mike wrote:
> >
> >> If you are only going to need the house for a short period of time
> >> (probably 4 years or less) it makes more sense to rent than to buy (except
> >> maybe in housing markets like Ottawa has been in the past few years where
> >> property values have skirocketed in short periods of time).
> >>
> >> If you buy/sell you have to pay real estate agent commission, land transfer
> >> tax, lawyer fees x 2, etc.  Not to mention that most of your mortgage
> >> payment is interest and not principle.
> >>
> >> There can also sometimes be income tax advantages to renting as opposed to
> >> buying;  if you buy and then sell a home and it isn't your primary
> >> residence (i.e. you have another house somewhere else that is), you have to
> >> pay capital gains on the profit from the sale.
> >>
> >> Mike
> >>
> >> dlevangie@home.com (DL) wrote in <3be51b9b.1212782352@news>:
> >>
> >> >If someone ever gets to the point where they are paying 4000 in rent
> >> >then it is crazy to dump that kind of money into nothing...why not
> >> >build some equity somewhere....that is all I meant....
> >> >
> >> >On Sat, 27 Oct 2001 14:25:31 GMT, anon@xnews.com (Mike) wrote:
> >> >
> >> >>Actually it might be reasonable considering the size/value of the home.
> >> >> A $80K apartment probably rents for $1000/month; why wouldn't a $320K
> >> >>home (worth 4x more) rent for $4000/month (4x more).
> >> >>
> >> >>That being said, I don't know the vendor or the home so have no idea if
> >> >>the house is worth that much if it is, it's probably in the right
> >> >>range.  How much would you expect to pay for a large deluxe home?
> >> >>
> >> >>Just my 2cents
> >> >>Mike
> >> >>
> >> >>
> >> >>
> >> >>dlevangie@home.com (DL) wrote in <3bdaa26d.526295793@news>:
> >> >>
> >> >>>I'd like to rent the one for $3900.00 a month please....NOT...
> >> >>>
> >> >>>Sorry but that is nuts....
> >> >>>
> >> >>>
> >> >>>On Sat, 13 Oct 2001 09:44:50 -0700, "ne1943@hotmail.com"
> >> >>><ne1943@hotmail.com> wrote:
> >> >>>
> >> ... (msg deleted)
> >> >>>>
> >> >>>>
> >> >>>>
> >> >>>>
> >> >>>>
> >> >>>>
> >> >>>>
> >> >>>>
> >> >>>>
> >> >>>>
> >> >>>
> >> >>>
> >> >>
> >> >
> >
>
> --
> Donate blood
> http://www.bloodservices.ca/Ontario/Ottawa/index.html
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From: Vijay Aggarwal <vijay.aggarwal@home.com>
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Subject: Re: houses for sale
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