A major partnership has formed in the Canadian Real Estate market.  Toronto real estate company Realtysellers and PropertyGuys.com have teamed up in what may give

the Canadian real estate market a total makeover. The main objective of the partnership is to benefit the consumer with lower commission on their real estate transactions however, certain regulations by the MLS and Canadian real estate authorities have prevented their partnership to succeed.

This move doesn’t come without controversy. Essentially, the partnership will seek to

Under cut traditional real estate agents by providing buying and selling services at a fraction of the cost. PropertyGuys.com are considered private sale professionals. They have provided a site designed for home buyers that cuts out the real estate agent and allows homeowners to buy and sell for themselves. With the PropertyGuys.com strategy, the homeowner is able to price their real estate for a similar price to that of an equivalent property being sold by an agent. Since the homeowner is no longer paying commission to an agent, the commission that would have been paid is pocketed by the seller.

It is recommended that the seller lowers the price slightly below the market price for similar properties in order to sell the home faster resulting in the seller obtaining a higher profit. The main disadvantage of these services is the loss of expertise that a real estate agent is able to provide. Since home sales do not always go according to plan it is beneficial to the seller to have an agent on your side in case unforeseen circumstances do arise. Agents are also well versed in the legalities of home sales and have all of the proper legal documentation required for transferring a home’s ownership. These documents can be obtained by those outside the real estate business but require quite a bit of research. Those who opt to buy and sell privately also lose the negotiation skills of an agent – a detail that may not be considered and may result in financial loss to both the buyer and the seller.

When deciding whether or not to use a service like PropertyGuys.com you must consider how much time you are willing to invest in selling your home and whether or not that time and energy is worth more or less to you than the monetary cost of having an agent sell your home.