Sellers Resource Centre

OVERVIEW - Break the Sale of Your Property FAST

Consider following steps to a smooth sale and very fast closing:

1. Gather information
2. Prepare property for listing
3. Selecting a REALTOR®
4. Commissions
5. Setting a price on your property
6. Showing your home
7. Negotiating on offers
8. Packing your things and moving out!

Commission:

How much will they charge you?

You need to ask if they will charge you a flat fee or a commission % after the sale of the home (usually almost this).

I only ask to be paid on commission because it works better for my clients and it gives me more of an incentive to work harder and getting the home sold asap!

How much will you have to pay to the Buyer agent?

Now please be careful. You will see that many people advertise "Sale your Home as low as 2.5%*." The * will indicate that there is more truth to the statement if your read the small font below.

You need to understand that there is a Listing Brokerage commission and a Buyer's Brokerage commission. What this means is you will have to pay your own real estate agent a commission for the sale of your home PLUS the agent who represents the Buyer Brokerage.

Therefore, the 2.5%* really becomes 2.5% (LB) + 2.5% (CB) = 5.0%.

Typically in Toronto Mississauga GTA, you will find that total commission charges are generally 5.0% only sometimes higher or lower.

Moreover, your Listing Brokerage can also become a Buyers Brokerage. This happens when your agent explains he/she must act in the interests of both parties to help close a deal and be totally professional and treat your interests confidentially.

Caution yourself from listing with the lowest commission. You need to ask yourself;

"IF THE AGENT CANNOT NEGOTIATE THEIR OWN COMMISSION -HOW CAN THEY NEGOTIATE YOUR HOUSE FOR SALE?!!!"

Are there any OTHER fees they might charge?

Some agents do charge extra. Sometimes they may ask for marketing fees on top of the commission or other silly things. ASK!

Aside from your 6% GST tax on your commission - you should not be expected to pay your real estate agent. Your agent be hardworking to market your home the right way. If it does not sell, it's NOT your fault he/she is being lazy.

ASK. Why do you deserve this commission?!!

You are willing to pay them so much money for their services so why not ask why they deserve it. How hard will they work? What technology resources do they have? Will they hold open houses for you? Where will they advertise? ASK what makes them standout from all the others.

Interview Joey:

Profit occurs when Preparation + Experience x Opportunity.

See the difference between myself and all other prospective REALTORS®. I welcome you to see service like no other.

Here is a quick preview of what Joey Khan will do for you:

• Share all local market value knowledge
• Help stage home for quick sell
• Use database of all pre-qualified buyers and other associates– advantage of numbers
• Maximize exposure of property
• Use expertise in advertising targeted markets
• Knock on doors to find as many prospects possible
• Advertise in newspapers, magazines, internet
• Do open houses
• Give you control to when and to whom your home is shown to (provide safety to your family and belongings)
• Protect you from any flaws that can occur in transaction
• Share all knowledge in real estate
• Answer all your phone calls immediately 24-7
• Be held accountable for work
• Improve your negotiation position by not becoming emotionally attached to your property
• Be there in every step of the way, from selling to even possibly buying and even being there at your child’s birthday
• Handle all time consuming paper work and phone conversations (ie., buyers, other associates, inspectors, appraisers, lawyers, etc.)
• Getting you the asking price in the shortest possible time
  
  You can find more reasons why Sellers Choose Joey here.

Next step -Setting a Price on your Property

Joey Khan, REALTOR®
RE/MAX REALTY SPECIALISTS INC., BROKERAGE
6850 Millcreek Drive Mississauga ON
Office: (905)-858-3434 ext. 1186
Direct (Cell): (416)-918-2912

E-mail Joey
www.Toronto-Homes-Guide.com