Can you save money using a discount broker?
The main reason for home sellers using discount agent to sell their homes is to save money. The effectiveness of an agent and how fast a home is sold are dependent on many factors. In today's Seller's market, homes are sold relatively quickly. The real estate commission for selling a home is negotiable, but most Realtors in B.C. when listing a home on th MLS system charge 7% on the first $100,000 and 2.5% on the balance of the sale price.
Saving Money Selling You Home
| Home Price |
Commission Cost
|
As % Home Price |
| $500,000 |
$17,000 |
3.4% |
| $1,000,000 |
$29,500 |
2.95% |
| $2,000,000 |
$54,500 |
2.725% |
| $3,000,000 |
$77,500 |
2.583% |
Better access to MLS information through the internet, and less
reliance on expensive print advertisement are helping the more computer
savvy Realtors to offer substantial savings to home sellers. In a
Seller market, when practically any home listed at fair market value is
sold within a short time, home sellers are in a strong position to
negotiate a "fair compensation" with a Realtor selling their home.
Be An Informed Seller
One critical factor affecting the sale of your home is pricing it right. Buyers will only be interested to buy homes for what they are worth. You can view homes listed for sale on the MLS System here. You are in partnership with your Realtor when you are selling your home. You are competing with other home sellers for buyers. Once your home is listed on the MLS system, your realtor's job is to keep you informed on the market feedbacks, where required your plan should include price adjustment to attract other Realtors to show your home to their buyers.
You can research the market and view Richmond homes and Vancouver Westside homes for sale.
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