THE AD MARKETING GROUP

  Alan Davies
   REAL ESTATE TEAM
   "Friendly Professional Service"

                     www.alandavies.ca 

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Costs Associated with Selling a Property

Paying the real estate commission

Our listing commission is 7% on the first $100,000 and 2.5% on the balance of the final sale price (5% GST is applicable since this is considered a service). This commission is split between the listing and buyer's Realtors.

Listing Realtor (Seller Agent) receives 54% of the payable commission.
Selling Realtor (Buyer's Agent) receives 46% of the payable commission.

The Listing Realtor receives a slightly larger portion of the commission due to the associated marketing expenses involved.

Commissions are deducted from the proceeds of sale via a debit on the seller's statement of adjustments at the time of completion and paid directly to the Realtors' brokerages by your legal representative on your behalf. Our listing commission rate is among the most competitive in North America.
The average commission rates in the USA and most of Canada are 6% straight across - $30,000 for a $500,000 sale. Homelife Benchmark Realty Corp. is much lower - 7% on the first $100,000 and 2.5% on the balance or $17,000 for a $500,000 sale.

Legal Fees

You will require a Lawyer or Notary Public in order to transact your sale, transfer title and discharge your mortgage if required. Costs can range between $600 and $1,500 plus disbursements plus GST, depending on the nature of the transaction.

Other Costs and / or Credits

- Preparing your home for sale.
- Paying out any outstanding mortgage balance.
- Paying a prepayment penalty if applicable.
- Property tax adjustment (______ /365= _____x____ days)
- Tenant rent deposit adjustment if applicable.
- Paying strata cost adjustments if applicable.
- Home insurance policy credit.
- Paying for moving expenses.

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    Alan Davies REAL ESTATE TEAM - "Friendly Professional Service"

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  • Email: davies2@shaw.ca
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               HomeLife Benchmark
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                                                                          Pro-Vts 2011 Concepts ..... Copyright © Alan Davies Real Estate Team. All Rights Reserved.