Real Estate

Commission

If you decide to get represented by a real estate agent exclusively, a commission is one of the larger closing costs at settlement, which usually would only be due if the house sells. The average commission is between 5% to 6% and generally will be split between your and the buyer's representative, but covered by you.

Real estate commissions are subject to HST.

Home Inspection

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The majority of buyers often instruct their representative to include a home inspection condition in their offer and are often paid by the buyer. One strategy could be to complete a pre-listing home inspection and having these information available for potential buyers. It can encourage a firm deal without conditions. It also gives you an opportunity to address minor or major repairs in advance, minimizing the risk of buyers backing out or renegotiating the terms of the agreement.

Home Staging

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Depersonalized and open space can make a difference to help potential buyers to visualize their home. On average staged homes sell 88% faster and for 20% more than nonstaged homes. Staging can appeal to a broader clientele, if it's done professionally. Staging strategies also include decluttering, depersonalizing up to adding a fresh coat of neutral paint, art, light, rugs and furnitures.