Selling a house can offer a significant return on investment, but there are some costs to be aware of throughout the process. When you know what to expect, creating an effective strategy for the market is more straightforward.

An accurate estimate of how much you’ll have when all is said and done is the basis for realistic expectations and a satisfying outcome. In this post, we’ll answer some of the most common questions about real estate fees in Ontario.

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How Much Is Real Estate Commission in Ontario?

When someone inquires about the cost of selling a house, what they are really wondering about is “How much are Realtor® fees?” This is the big question, so let’s break it down.

The first thing to understand is real estate commissions are negotiable, and will depend greatly on your situation and the type of service you opt for. Whatever you agree upon, a portion will go to your listing agent, and the rest will go to the buyer’s brokerage. This is true even with an FSBO (For Sale By Owner) transaction.

In most cases, you only pay a commission if and when the house sells. If no transaction takes place, no commission is paid out. For a more accurate quote on how much to expect, reach out to your real estate team to discuss what packages might be available.

What are the secrets to getting the best results from your home sale? The posts below can help you maximize your transaction:

Investing in Your Home Sale

Selling a home will involve some expenses, including lawyer fees. The exact amount will depend on the complexity of your transaction. However, there is a benefit of working with experienced professionals: you’ll have expert support leading to a transfer of ownership that is as seamless as possible.

Rather than focusing on the “cost,” think of the return you stand to see from your investment. Along with legal representation and guidance in the market, there are also strategic preparations that could mean your house sells faster, resulting in less time and effort in getting ready for showings.

Major renovations are rarely necessary, but a coat of paint and a few repairs can add real, monetary value to your home. Professional cleaning and staging are relatively non-invasive methods that can also enhance your results.

Your real estate agent will guide you through what is working right now in your area, so you only invest in what is likely to have a significant payoff. This could be a faster sale, a higher price, or possibly both. In any case, a full-service real estate team will absolutely result in a smoother transition and much less stress.

Planning to buy your next home in Midtown Toronto? Your next logical step is to check out our featured listings. 

The Value of Expertise When Selling a Home

You could technically sell a house without a Realtor®. However, when you look at the value you get from expert representation, you likely wouldn’t want to. 

Maximizing your transaction requires a keen sense of the market as real estate trends change quickly. You need to know what buyers are looking for, not just overall, but specifically in your area. Local expertise can add real, tangible value to your home. 

Selling a house involves numerous moving pieces all at once. Even if you have the necessary knowledge, do you have time to properly prepare and market your home? Can you be available during odd hours for showings and to answer all questions from potential buyers? There is a reason most serious real estate agents work full-time. 

Is your move coming up quickly? Read on for even more tips to successfully sell your home:

Selling a Home Can Be a Seamless Experience

An experienced real estate agent can tap into a vast network of other experts to help with anything and everything you need. This level of support often leads to a faster transaction that is far less stressful than handling everything on your own. 

With a full-service real estate team, you will likely end up with more money in your bank account, even after all commissions are paid out. If you want a seamless transaction that leaves nothing on the table, there is no substitute for a local expert who cares about your success. 

Is a home sale or purchase coming up? Our Midtown Toronto real estate agents are here for you. Reach out to us at david@batorigroup.com, bobby@batorigroup.com or call (416) 485-7575 to plan your next steps.