Due to recent regulatory changes in Canada, you can now list your property on MLS without the use of a real estate agent. 80% or more of the homes sold in Canada are sold through MLS. This can save you thousands. The service is called a flat fee MLS listing service.
Due to recent regulatory changes in Canada, you can now list your property on MLS without the use of a real estate agent. 80% or more of the homes sold in Canada are sold through MLS. This can save you thousands. The service is called a flat fee MLS listing service.
A selling estate agent usually charges a minimum 2.5% commission. To add insult, the government then charges you HST on this commission. Take a lead from my success. I listed my property with a flat fee listing service for $395. I sold my property in 30 days and for above asking. I saved over $6000.
There are now many real estate brokerages offering flat fee MLS listing services in Canada. The home seller can choose what rate they will offer (if any) to a buyer’s agent. Although it is possible to list your home on MLS and offer a 0% commission, this will likely reduce the chances of a quick sale and discourage agents from showing your home.
By listing on your own and paying a buyer’s agent 2.5%, you can price competitively and sell fast. Although the paperwork is straightforward, assistance with the paperwork is available from most of the flat fee listing companies without cost. Plain language purchase and sale agreements are also available to the public on the Toronto Real Estate Board. These forms explain exactly what each point in the purchase and sale agreement means, making it easy for everyone to understand.
Some tips for successfully selling your own home would be; make sure the property is always clean, de-cluttered, well maintained and staged. Price the property right. Obtain comparable sales from both active listings and recent completed sales in your neighborhood to price your property correctly. If you’ve had 12-14 showings and no one has made an offer, consider reevaluating your pricing and strategy.