Quote:
Originally Posted by st7860
Well for starters in the US realtors charge around twice what they do in BC and are 40 year amortizations for investment properties available in the US?
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I just bought a duplex in the Quebec City area (my bank is the BMO) and max amortization was 25 years (it's what I chose).
So this "40 year amortization" doesn't seem available in Canada either.
And why would you care what realtors charge? Nearly half of my properties (both US and Can) were bought without realtors. (I bought my neighbors in downtown Sherbrooke a couple times, bought many FSBO properties too, bought on Craiglist real estate a few times.)
Whenever I decide I want to sell something, I'm likely to try without realtors, and even if I need them, commission is likely negotiable.
What kind of investor would be deterred from a market with great cap rates just because "realtors charge more"? That's utter nonsense.