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FAQ
Does it Cost Money to use Realtor when buying house?
The buyer’s agent’s commission is typically paid by the seller as part of the sale. This commission is usually included in the property’s listing price, so you, as the buyer, don’t need to worry about paying it. However, commission rates can vary, and we’ll ensure all the details are clear during the transaction.
What is the commission for seller's agent?
Typically, the seller is responsible for paying the commission fees, which are split between the listing agent and the buyer’s agent. The standard commission rate in the GTA is 5% of the sale price, but this can vary. We’ll provide clear details about commission structure and help you understand all costs involved.
What are the obligations of my agent?
As your agent, our primary obligation is to act in your best interests. Our responsibilities include: Providing Expert Advice: We offer you up-to-date market information and advice tailored to your needs. Negotiating on Your Behalf: We will negotiate to get you the best possible deal. Guiding You Through Paperwork: We ensure that all necessary documents are completed correctly and submitted on time. Coordinating with Third Parties: We’ll work closely with lenders, inspectors, and lawyers to ensure a smooth transaction. Our goal is to make the home-buying process as smooth and stress-free as possible for you.
How is the real estate market right now?
The real estate market fluctuates based on a variety of factors, including interest rates, local supply and demand, and seasonal trends. In general: Buyer’s Market: When there are more homes available than buyers, prices may decrease, and buyers have more negotiating power. Seller’s Market: When demand exceeds supply, competition for homes increases, often driving up prices
What are the costs involved in selling a home?
When selling your home, some common costs to consider include: Agent Commission: This is typically 5% of the final sale price, which is split between the buyer’s and seller’s agents. Repairs and Renovations: Depending on your home’s condition, you may need to spend money on repairs or minor renovations to increase its value or appeal to potential buyers. Staging and Marketing: Staging your home professionally can enhance its appearance and help it sell for a higher price. Legal Fees: You’ll need a lawyer to finalize the sale. Closing Costs: These can include title insurance, land transfer tax rebates, and other costs.
What is the importance of staging my house?
Staging is one of the most effective ways to make your property stand out in the market. By decluttering, rearranging, or even bringing in rental furniture, staging can: Highlight the Home’s Best Features: Staging helps buyers visualize how they can use the space. Increase Sale Price: Homes that are staged often sell for more than unstaged homes. Speed Up the Selling Process: Staged homes tend to sell faster, as they appeal to a larger pool of potential buyers.