Real Estate - My Journey
As a preface, I have bought here - twice - but selling..... my first time is now.
I know from past experiences that any 'agent' ( a euphemistic word) will be reluctant to offer up a property that is not 'exclusively' his/hers.
For the uninitiated, there is is no central bank of properties or listings in Republica Dominicana (RD).
Any charlatan will take your hand and guide you down the proverbial path.... his path.
All other properties are off limits.... a new meaning for 'personal service'.
Aware of all this, we are cautious about how to enter the selling market.
We want full exposure.
We found a fellow in Sto Domingo who was lamenting the fact that he paid to belong to various international groups of real estate companies but never seemed to gain an international benefit.
He expressed an interest in listing the property in Canada and the USA..... on the MLS (Multiple Listing Service).
I know the MLS system , I was once licensed to sell real estate in Ontario.
A curious fact about MLS in the US, that many Canadians are unaware of , is that in several states(20 perhaps), it is illegal for an agent to both offer a property for sale and to sell that same property.
In those states, there are listing agencies and selling agencies.
There is never any confusion as to who your agent is representing:
as a seller , you have an agent/agency
as a buyer, you have the same but it is different, independent representation.
The 'double ending' of a sale that all RD agents seek and many No Americans do too, is outlawed.
So, we are about to try a different route to selling.
Initially, we'll start in Canada.
Our property will be listed in RD and offered in Canada on MLS in Ontario and Quebec.
We have identified two agencies who are interested in this approach one in Toronto and another in Montreal.
We have a third in Calgary, Alberta.
I know from our initial buying experience how difficult it was to find an agent in RD and then to find a property.
Hopefully, getting a head start from your home country will make the journey easier.
A Canadian agent will help you, the RD agent will help also.
We'll see.
All of this will start in August sometime.
I'm not offering the house for sale here, just asking for an opinion on the process and comments on anybody's buying or selling experiences.
I'm sure someone will let me know if I have ventured out of bounds here!:disappoin
As a preface, I have bought here - twice - but selling..... my first time is now.
I know from past experiences that any 'agent' ( a euphemistic word) will be reluctant to offer up a property that is not 'exclusively' his/hers.
For the uninitiated, there is is no central bank of properties or listings in Republica Dominicana (RD).
Any charlatan will take your hand and guide you down the proverbial path.... his path.
All other properties are off limits.... a new meaning for 'personal service'.
Aware of all this, we are cautious about how to enter the selling market.
We want full exposure.
We found a fellow in Sto Domingo who was lamenting the fact that he paid to belong to various international groups of real estate companies but never seemed to gain an international benefit.
He expressed an interest in listing the property in Canada and the USA..... on the MLS (Multiple Listing Service).
I know the MLS system , I was once licensed to sell real estate in Ontario.
A curious fact about MLS in the US, that many Canadians are unaware of , is that in several states(20 perhaps), it is illegal for an agent to both offer a property for sale and to sell that same property.
In those states, there are listing agencies and selling agencies.
There is never any confusion as to who your agent is representing:
as a seller , you have an agent/agency
as a buyer, you have the same but it is different, independent representation.
The 'double ending' of a sale that all RD agents seek and many No Americans do too, is outlawed.
So, we are about to try a different route to selling.
Initially, we'll start in Canada.
Our property will be listed in RD and offered in Canada on MLS in Ontario and Quebec.
We have identified two agencies who are interested in this approach one in Toronto and another in Montreal.
We have a third in Calgary, Alberta.
I know from our initial buying experience how difficult it was to find an agent in RD and then to find a property.
Hopefully, getting a head start from your home country will make the journey easier.
A Canadian agent will help you, the RD agent will help also.
We'll see.
All of this will start in August sometime.
I'm not offering the house for sale here, just asking for an opinion on the process and comments on anybody's buying or selling experiences.
I'm sure someone will let me know if I have ventured out of bounds here!:disappoin