When it comes to Real Estate fees - known as Commission-
EVERYONE wants a deal!
So before we go any further, let me explain how I earn my living!
There are many misconceptions about how Realtors are paid for the professional services that they provide to their clients in the process of buying or selling Real Estate. This is because Realtors fees are (or least have been) built into the cost of the transaction at the time that the property is LISTED FOR SALE in an agreement made between the Listing Agent and the Seller of the property.
Simply put, the Realtor agrees to provide marketing services to sell the property for an agreed fee – usually a percentage of the SALE PRICE. This includes sharing a portion of that fee with a Buyers Agent who successfully negotiates an acceptable sale.
...and, if you are buying your first home - you are already confused, right?
To complicate this even more, Realtor Fees are (or at least have been) not paid until the
The client actually never writes a cheque themselves payable to their Realtor, like you would a plumber, electrician or other professional - which means they sometimes don't even know how much compensation will be received for all the hard work that went into helping them get moved. Because commissions are not regulated under the Competition Act, that amount can vary dramatically between properties.
Think about that.
If you are a teacher, and you teach a class at one school, your wage will be one amount. But, if you teach the same class in a different school, you are offered much less money or maybe much more! Most people would find that difficult. That simplifies the confusion!
There are a multitude of different business models that Real Estate Companies and their agents have adapted. I choose the one that works best for me, and it works well for the clients I serve. I would call it both competitive and fair - and consistent.
RE/
Perhaps that is worth considering if you are offered a no-frills discounted fee from another Realtor or Company. You will likely get the results you pay for. If something sounds too good to be true - it probably is! Don't find this lesson out the hard way, at the expense of your equity and time.
When you hire a Realtor to represent your interests, many things should factor into your choice - including who is going to give you the "Best Deal" and, the "Best Deal" isn’t always the cheapest commission fee!
You need to know what services you will receive, and if the Realtor offers huge discounts, why do they do so? I don't know about you, but if a lawyer offered me a huge discount on his/her service at the time I was hiring them to represent my situation, I'd sure be worried what they would do when it was time to negotiate my settlement! Competition is one thing, but know what you are going to expect!
The "Best Deal" may be the Realtor who has the commitment to you - who has taken the time to understand the complexity of your situation - who has helped you explore all of your options. Experience. Knowledge. Accountability.
A solid reputation and track record of success.
I most certainly offer you the "Best Deal"
SELLING YOUR HOME:
I offer CUSTOM CHOICE COMMISSION fees.
You choose the services that best suit your needs! The packages range from $1,999 to 5% of the sale price, depending on what your specific situation involves. These will be explained in detail during our first Marketing Strategy meeting. Whether you just want to put your home on MLS.ca and do-it-yourself, or your preference is to allow me to take charge of the command - we'll work out the stategy up front that makes the most sense to you.
BUYING A HOME:
I will explain the exclusive Buyers Agency Agreement to you when we meet. Typically, the fees for helping you find your dream home and manage all of the steps involved will be covered in the transaction. There are some instances where there may be an exception to this.
BUYING
This applies to those who are up-sizing or down-sizing. You are selling your existing home in order to purchase another. I will explain how I can help save you money by having me assist you do both.
LOYALTY
… from past clients and their families is always appreciated and rewarded. Referrals make up a very big percentage of my business.