For Sale By Owner - We have all seen those signs on properties as we drive around. For the prospective buyer, it means that the price is likely to be either a bit lower, or maybe more negotiable than a property listed with a real estate agent. When the market is busy, it becomes less advantageous to pay the 5 to 7 % for the services of an agent. That is a lot of money, especially when looking at, say, Toronto property prices. Even if the percentage is discounted to, say, 3%, it is still money thrown away if paying it wasn't really necessary. I guess that the presence of websites such as privaterealestate.ca have made homes for sale by owner a more popular option.

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