What Realtors Don’t Want You to Know

Posted on October 10, 2011 by Jesse

Across Canada, we pay an estimated $8 billion in real estate commissions every year! It’s no wonder they don’t want you to know how simple it is to escape paying these commissions.

1. Listing Realtors actually do little work to sell your home after placing it on MLS. What they don’t want you to know is that many Realtors will place your home on MLS and all the relative consumer sites for around $300.  After this, putting up a For Sale sign and conducting an open house are quite easily done yourself.

2. Homeowners net on average 6% more gross profit when selling privately, not to mention the tax savings from paying the agent’s commission.

3. The ability to price more competitively in the absence of agent fees means your house is sold on average 3 weeks sooner than houses sold by a real estate agent.

4. Worried about not being protected by a Real Estate Agent from legal issues? This is where a lawyer comes in when closing the deal. The use of a lawyer is standard when working with or without an agent, so there’s no need to pay for both.

5. Having a Realtor represent you in the purchase of a new home is not free just because the seller pays the commission. Instead of making the sellers pay your agent, representing yourself can mean thousands of dollars reduced from the sale price.

Currently 1 in 4 homeowners sell their home privately and this number is increasing every year. Become one of the many Smart Home Buyers & Sellers and save money!