Sellers’ FAQs
1. Doesn’t the agreement between the Competition Bureau and the Canadian Real Estate Association allow me to post my own home on MLS®?
No, the agreement has allowed sellers the choice of hiring a REALTOR® to place their property for sale on MLS® and then conduct the rest of the sale themselves. Only licensed REALTORS® can still post properties on MLS®.
2. So what are my choices then?
Essentially you have three choices:
i) Sell your home yourself without any assistance from a REALTOR®. You always have this option. However, I don’t recommend this for the simple reason that your home won’t have any exposure on MLS®. Remember, almost 90% of homes for sale in Canada are posted on MLS®.
ii) Sell your home yourself, but hire a REALTOR® to post your home on MLS® such as my $749 Flat Fee MLS® Package. This is excellent if you want full exposure and are confident with negotiations, contracts, and conducting the sale of your home yourself.
iii) Sell your home through a REALTOR®. This is the traditional way homes are sold and offered via my Full Service MLS® Package. This an excellent option if you are unsure how to go about selling your home and want a professional to help with negotiations, contracts, and marketing. With full service, you don’t even have to be in Canada to sell your home.
3. Your Full Service MLS® Package 2.5% commission is less than other REALTORS® I’ve seen. Does that mean I’ll be receiving a lower quality of service?
Absolutely not! Even though I may charge less than other REALTORS® you’ve seen, I am sure I will still exceed your expectations. I handle all negotiations, contracts, marketing and advertising, and offer open houses, and more.
4. Does HST apply to commissions?
Yes, for example if your home sells for $400,000 and the commission is $10,000 there is $1,200 worth of applicable HST. A lower commission structure also means you pay less HST!
