It all depends on your goals and how you want to achieve them. Once we figure this out, we will craft a strategy to accomplish these goals in the most efficient way possible
Depending on the home, there are a number of things you can do to get your home ready for the market. I wrote a book that covers all of these points and I am more than happy to share this with you!
The province of BC has the lowest commission rates in Canada, if not the continent! Typically you see 5% – 6% flat commission fees, shared by both the buying and selling agents. In BC, it is typically 7% on the first $100,000 and 3% – 3.5% on the balance, split between both realtors. Remember though, you get what you pay for and the more you try to negotiate off of the commission price, the types of marketing platforms that are offered by the agent, may be excluded.
These brokerages typically charge a low fee as their business is aimed at acquiring buyers in the area to find different homes to purchase so they can get their full standard commission. When they put your home on the market, typically they will take photos themselves and put your home up on the MLS. That is it! Some of these companies will require you, the sellers, to conduct all your own private showings and pay for any additional marketing that you may want to invest in. They will also split that small fee with the buying agent, but because the commission rate is so low, most agents will skip those homes all together and avoid showing them to their clients in favour of homes that pay standard commission, thus getting less eyes on your property. Less eyes leads to more time on the market and a lower sale price generated for you.
It’s always good to approach a real estate agent weeks, if not, months before you decide to sell. This will enable the agent to really inform you about market trends, “To-Do” lists prior to selling, and any other factors that may benefit your home achieving the highest sale price.