If you follow real estate you have probably read the term “Guaranteed Sale”. I decided to write about this topic because I feel it is a conflict of interest between industry members and the public.

 

What is a Gauranteed Sale?  It is when a Realtor®/Brokerage offers to buy your home at a huge discount if they cannot sell it on their own. If using industry specific terms in advertising, industry professionals must present the information in such a way that the consumer will have a CLEAR understanding of what the advertising means.

 

Bait and switch tactics.  Doesn’t it seem odd that if a realtor® is offering to buy your home, that everyone should just be selling their home to their realtor®? Industry members are not allowed to communicate an offer just to get a foot in the door only to substantially restrict the offer during their meeting.

 

Conflict of interest means a real or obvious incompatibility concerning an industry professional’s interest and the interest of the client or potential client. The test to determine if a conflict of interest exists is to take an objective viewpoint. If a reasonable person concludes the industry professionals’ judgment, advice or loyalty to the client may

have an adverse effect on the client - this would be a conflict of interest.If a realtor is offering to buy your home at a huge discount, who’s best interest do they have in mind? How can they act in your best interest if they may have to buy your home or want to buy your home.

 

My assumptions on Guaranteed Sales is that the Realtor® cannot possibly be representing the public in good faith without a conflict of interest. The only reason a Realtor® is marketing Guaranteed Sales is for you to call! They have either no intention of ever buying your home (so reduce, reduce is their mantra), or their intention is to buy your home at an excellent discounted price! Either way, this has nothing to do with your best interests!

 

How is a price determined? Taken from Realtor's website for Calgary and AREA who practices Guaranteed Sales. 

"We look at comparable sales in your community to determine the fair market value of your home. From that a percentage up to around 10% is taken off the net amount that you would receive if you were to sell in today’s market.

For example, if your house is valued at $400,000 we subtract real estate commissions and then a percentage up to around 10% is taken off that amount giving you a net guaranteed sale amount. In this case, the guaranteed sale amount would be $345,600. The percentage that is up to 10% is solely based on the property’s location and current market trends and conditions."

The key to this example is that she hasn't told you how they determine VALUE. It is not based on what you feel your home is worth, nor is the VALUE based on the list price. And there are always 3 parts of VALUE;  high, mid a low. I can ensure you the VALUE will be determined as LOW!

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Please visit our Open House at 183 3223 83 ST NW in Calgary.
Open House on Sunday, April 2, 2017 1:30PM - 4:00PM
Open House April 2 Sunday 1:30-4pm. You can't beat this price for a double wide mobile in northwest Calgary, three bedrooms, 1.5 baths, 1232sqft mobile home. Has a newer roof, newer furnace, updated stainless steel appliances, washer and dryer in separate laundry room with sink. New flooring throughout, updated lighting, fresh paint, updated bathrooms, and new countertops. Great space in each room. Living room, dining room, eat-in kitchen, 3 good sized bedrooms, master bedroom has a two piece bath and a large walk-in closet. Also, features a large carport with closed in walls for better protection from the elements. Full sized shed in the back. Recreation Centre offers many programs and the city bus offers service right in Greenwood Village. Cheaper to own this home than rent in Calgary for a 3 bedroom bungalow home. One of the cheapest pad fees in the city at $795/month, property taxes for 2016 were $321. Easy access to Highway 1, downtown or to drive west to the mountains! The new community of Greenbriar with many amenities to be built next door. Immediate possession! It's like living in cottage country in Greenwood Village, so peaceful and quiet. Owners are listing realtors and are willing to negotiate new siding and windows.
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I have listed a new property at 311 647 1 AV NE in Calgary.
Superb location in desirable Bridgeland. This well maintained 4 storey building is a short walk to downtown and close to numerous restaurants, shops, coffee shops, schools and the brand-new Blush Lane organic market. This well-maintained unit is on the 3rd floor and features a 12x6 south facing balcony with partial downtown views and looks out onto Marsh Road which is a quiet cul-de-sac. There are hardwood floors in the entrance and the kitchen with the kitchen opening up to a good sized living room that could be setup a number of different ways to accommodate a dining area. The master bedroom is roomy and there is a smaller 2nd bedroom that could have several uses. There is also a 5x4 storage room in the suite. The building has a completely refurbished and modernized elevator, updated flooring in the common area, secure underground parking, a bicycle storage room and a recycling service. This is a fantastic starter home or revenue property. Call for your private viewing.
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Please visit our Open House at 29 West Cedar PT SW in Calgary.
Open House on Saturday, April 1, 2017 2:00PM - 4:00PM
" SPRING IS IN THE AIR" This Home is on a family friendly Cul de Sac. The gourmet kitchen brings out the MASTER CHEF out in everyone. Home comes with Upgraded appliances and gorgeous custom cabinetry. The Living room is fantastic for entertaining and the Dining Room perfect for intimate dinners of multiple courses with a Butlers ENTRY. The upper level is your own private OASIS which boasts 4 large bedrooms. The hotel suite inspired Master Bedroom and Bathroom give you a spa feel with lots of Natural light flowing through. It truly is RELAXING to escape to. The 3 remaining bedrooms are very large, with loads of natural light and storage. Perfect for your guests or kids to grow up in. The South facing backyard is huge with a kids play house including a two level deck that is great to enjoy during summer BBQ’s, sunlight all day and lots of room to run around. This Home is Close to many top schools, shopping, restaurants, public transit and Canada Olympic Park. Don’t miss out on this property!
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Please visit our Open House at 29 West Cedar PT SW in Calgary.
Open House on Sunday, April 2, 2017 1:30PM - 4:00PM
" SPRING IS IN THE AIR" This Home is on a family friendly Cul de Sac. The gourmet kitchen brings out the MASTER CHEF out in everyone. Home comes with Upgraded appliances and gorgeous custom cabinetry. The Living room is fantastic for entertaining and the Dining Room perfect for intimate dinners of multiple courses with a Butlers ENTRY. The upper level is your own private OASIS which boasts 4 large bedrooms. The hotel suite inspired Master Bedroom and Bathroom give you a spa feel with lots of Natural light flowing through. It truly is RELAXING to escape to. The 3 remaining bedrooms are very large, with loads of natural light and storage. Perfect for your guests or kids to grow up in. The South facing backyard is huge with a kids play house including a two level deck that is great to enjoy during summer BBQ’s, sunlight all day and lots of room to run around. This Home is Close to many top schools, shopping, restaurants, public transit and Canada Olympic Park. Don’t miss out on this property!
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