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THINKING OF SELLING YOUR HOME PRIVATELY The most obvious reason for a vendor to sell privately is to save the cost of real estate commissions that can be as high as 7% of the selling price of a home. For Sale By Owner (commonly referred to FSBO) properties do not have the benefit of exposure on the local real estate board Multiple Listing Service (MLS) or on the real estate industry internet websites like mls.ca and realtor.com. Advertising costs could run in the hundreds and even thousands of dollars with no results, while the single best exposure of the property is the MLS and the industry website. Private vendors do not receive any professional assistance that a real estate agent could provide including transactional coordination of the process as well as any realty questions and advice they may require. HOW MUCH WILL IT COST TO SELL YOUR HOME? Will you be paying too much in commissions to sell your home? With Maximum Realties you can List on MLS for $699 on our Vendors Program and pay 0% listing commission TRADITIONAL COMMISSION STRUCTURE Between FIVE percent (5%) TO SEVEN percent (7%) commission is the traditional listing and selling fees combined to list and sell a home with a real estate agent. On a $250,000 home that’s between $12,500 to $17,500 in total commissions, on the sale of your property paid to the listing and selling agent. HOW THE COMMISSION IS DIVIDED example : $250,000 home Listed at 7% 3.5% Listing Agent Fee = $8,750 3.5% Selling Agent Fee = $8,750 7% Total Agent Fees = $17,500 What amount are you prepared to pay? What commission do you want to pay? Could you use the extra thousands of dollars to reduce your financing costs? Then Maximum Realties can save you thousands of dollars in commission fees when selling or purchasing a home.
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