Gerry is not an agent but a representative of Property Guys. Gerry's experience is limited to buying and selling his own properties. It is a fee based service that allows you to list your sale by owner property on MLS. I paid around $6000 for the full package.
I listed and sold my house with Property Guys (through My Move Realty) Feb 2017. Here are some reasons I would not go with Property Guys again:
Commission: You are sold on the idea that after paying Property Guys (PG) their fee, you will not be paying any commission fees. However once you pay for the PG package, you are told that in the Toronto market you need to advertise that you are offering the buyer's agent 2.5%, otherwise you risk getting frozen out by Toronto agents. So much for commission free.
Answer service: your fee buys you a messaging service which notifies you by email of enquiries. Buyers' agents told me the service is very slow and the service messed up on at least 10 of my messages, failing to forward me the contact details of the enquirer.
Support: Toronto is a very tricky market to sell a house in. I received multiple preemptive (bully) offers and then a few days later more offers. Unless you have real estate experience, this is a difficult situation for the untrained to deal with. The support was simply not enough. If it weren't for the eventual buyer's agent walking me through the process, I would not have had a clue. I didn't have a clue because PG does not provide you with a step by step plan of how to conduct the sale and how to file the paper work. I could have easily fallen on the wrong side of the law had the agent not steered me on the right path.
Conclusion: In the end I did get a good price and completed the sale. But in the current Toronto market, that's not surprising. For me any future sales will be conducted with a real estate agent who is open to negotiating the level of service provided. For example, I would prefer to run the open house because I can set longer hours. But negotiating multiple offers should definitely fall into experienced hands.
Reply:
I am quite astounded at the comments in this review. I also worked with Gerry and he was fantastic. He earned the small fee that I paid him. What were you thinking? That this is a traditional real estate broker? If you thought they were, then you obviously don't know how to do research and you should have used a traditional broker and sold your house that way. You could have had the pleasure of forking over 5% per $1M of sale ($50k on $1M - $100k on $2M. You do the math). But no, you paid PG $6000 for their service. They marketed your house. You got enough visibility to sell it in very short order. You probably got a HUGE amount over asking. And you probably sold it in weeks, not months. Oh, and did I neglect to assume that you saved tens of thousands of dollars in the process? You may have missed the point where you control the sales of your house and that you have the option to use a buyers broker or not. That's part of the cache of the PG. Message Service issues? How is that different from a traditional broker? Tricky market? Yup. Do your research before you buy and prepare yourself. Don't blame the PG. I worked with Gerry and his team and I got more than I paid for. And that's after I paid the buyers broker. Your arguments sign more like whining then a valid criticism. Just saying!!!
Gerry is not an agent but a representative of Property Guys. Gerry's experience is limited to buying and selling his own properties. It is a fee based service that allows you to list your sale by owner property on MLS. I paid around $6000 for the full package. I listed and sold my house with Property Guys (through My Move Realty) Feb 2017. Here are some reasons I would not go with Property Guys again: Commission: You are sold on the idea that after paying Property Guys (PG) their fee, you will not be paying any commission fees. However once you pay for the PG package, you are told that in the Toronto market you need to advertise that you are offering the buyer's agent 2.5%, otherwise you risk getting frozen out by Toronto agents. So much for commission free. Answer service: your fee buys you a messaging service which notifies you by email of enquiries. Buyers' agents told me the service is very slow and the service messed up on at least 10 of my messages, failing to forward me the contact details of the enquirer. Support: Toronto is a very tricky market to sell a house in. I received multiple preemptive (bully) offers and then a few days later more offers. Unless you have real estate experience, this is a difficult situation for the untrained to deal with. The support was simply not enough. If it weren't for the eventual buyer's agent walking me through the process, I would not have had a clue. I didn't have a clue because PG does not provide you with a step by step plan of how to conduct the sale and how to file the paper work. I could have easily fallen on the wrong side of the law had the agent not steered me on the right path. Conclusion: In the end I did get a good price and completed the sale. But in the current Toronto market, that's not surprising. For me any future sales will be conducted with a real estate agent who is open to negotiating the level of service provided. For example, I would prefer to run the open house because I can set longer hours. But negotiating multiple offers should definitely fall into experienced hands.