As one of the top real estate agents in Etobicoke and the Greater Toronto Area, I get a lot of questions. The following are some of the ones I get most frequently.
If you have a question that’s not covered on this page, you can call me any time and I will be happy to answer it. My number is 416-458-9252; you can also email me at firstname.lastname@example.org.
What Does It Cost To Sell A House In Etobicoke Or Elsewhere In The GTA?
Excellent question. The cost of selling a home depends on a number of factors. First and foremost, there are the real estate agent fees. While many agents charge upwards of 3% commission, I offer a competitive 1% real estate fee.
There are also real estate lawyer’s fees, mortgage disbursements, moving costs etc.
Do You Really Charge Just 1% In Real Estate Fees?
Yes. My personal commission is just 1% of the final sale price of the home, which contrasts with the 2.5%-3% real estate fees most other Toronto real estate agents charge.
The reason I offer such low real estate fees is partially because the real estate industry in my opinion is changing. With the use of the internet to market properties it’s less expensive for agents to effectively get the news out about their new listing(s). This isn’t to say that I don’t use traditional avenues to market homes I’m just saying that I’m strategic about it.
OK, But What’s The Catch?
Honestly, there isn’t one. There are no hidden fees, I don’t take photos of your home on my iPhone and I have 10 years’ experience in the industry. OnePercentGuys.ca is my brand, I’m employed by Royal LePage Signature Realty, one of the leading real estate brokerages in the Greater Toronto Area. My experience and credentials are the same as other leading sales representatives, and so are the services I offer; the only difference is I charge less.
See the chart below to discover how my low, 1% real estate fee saves you money.
What are the “upfront fees” to list our home?
None! Listing your home doesn’t require any upfront costs and you still get low commission real estate services. All fees including commission, HST (only on services i.e. realtor, lawyer etc) are paid once the transaction is completed. You basically get my services for free! Until I sell your home for the price & terms that YOU want!
What’s A Good Time To Sell My Home?
That’s a good question. The truth is, there is no one answer. In general, the Etobicoke real estate market (and the GTA market generally) is more active in the Spring, Summer and Fall than in the Winter. Often, you will get more action during the peak seasons.
However, the decision to sell is highly personal, and depends on your needs. If you are moving in the Winter and need to sell your current home for financial reasons, it may be better to sell in a down season than put off your move. Also, the Toronto real estate market is generally strong, even during the slower months, I can get great offers for most homes in a reasonable timeframe.
Should I Buy Or Sell First?
Again, this is a highly individual matter, and depends on your needs. Having proceeds from a recent sale on hand will certainly make financing your next purchase easier. That’s one reason you might want to sell first. On the other hand, buying first means you can move in to your new home when you want to.
As a general rule, if you’re buying a highly, in-demand property and selling one that’s not so desirable, it’s better to buy first. The reason for this is, in the time that it takes to sell your less-desirable property, the hot one could be sold.
My House Is Not In The Best Condition–Is There Anything I Can Do About This?
The condition of your home does have an impact on the sale price.
Fortunately, the answer to your question is yes: there’s a lot you can do to improve the condition of your home before listing. This is a process that real estate agents call ‘staging;’ it involves decluttering, re-decorating, and even renovating your home before listing it. I appreciate that you may not have the budget for major renovations; the truth is, even simple fixes like re-organizing furniture and keeping the home clean can have a major impact. P.S. I offer a free staging consultation!
Does Marketing Really Help Sell Homes?
Yes. I can trace a large percentage of my home sales to marketing efforts including listings, open houses, and online marketing. Simply putting up a ‘For Sale’ sign near your home will result in far fewer offers than you would see if you had actively marketed your property.
The Greater Toronto Area real estate market is extremely active, with hundreds of transactions taking place every week. To stand out in this market, it’s absolutely crucial that you and your agent actively market your home.
I Have Already Received An Offer For My Home, But The Buyer Has Not Sent In Their Cheque. Can I Still Accept Offers From Other Buyers?
This is a good question. Ultimately, the answer depends on whether you have accepted the offer and tendered it in writing. If you have signed a contract with a buyer then you are bound by it; for this reason, it is a good idea to make sure that your buyer has a certified cheque before entering an agreement to sell.
Do Public Open Houses Work?
Mmmm Yes and No. In my 10 years as a Toronto real estate agent, I have traced 8% of my sales to open houses. It’s not the only way to sell a home, but it has been proven in a strong market to be effective.
How Do I Know What My Home Is Worth?
Another great question. The value of a home comes down to a number of factors, including:
Valued physical features such as southern exposure.
Typically, it’s a good idea to price your home similarly to recent sale prices of comparable properties.
I’ve Had A House In Etobicoke On The Market For Weeks Now And it’s Not Selling. What Should I Do Differently?
There are a number of things you can do to help your home sell. The Etobicoke real estate market is very active, and most homes should sell given adequate marketing and promotion. Factors that may negatively impact your home’s time-on-market include: pricing it too high, poor marketing or a lack of marketing, or attempting to sell without an agent. It’s always a good idea to speak with a real estate agent before selling your home.
I’m Looking For Some Advice. I currently own a home in Etobicoke and I Want To Sell Before I Move On [Date]. What Can I Do To Start Getting Offers Quickly?
Excellent question. The key to selling your home within a reasonable timeframe is marketing. Agents use a number of marketing strategies to sell your home, including listings, open houses, staging, and more. If you have an Etobicoke home that you want to sell soon, call me any time at 416-458-9252 and I will be happy to explore your options with you.
Do You Post Listings On MLS(r) And Realtor.ca?
Yes. MLS(r) and realtor.ca is a real estate agents lifeline for selling your home. It would not be an exaggeration to say that the Toronto real estate market runs on these platforms. I include listing on both platforms as part of my Full Real Estate Services package.
What Is MLS(r) And Do I Need It?
[I just pasted this answer in from the original and changed a few tiny things to tighten it up. I felt the reply you already had there summed it up pretty succinctly and thoroughly].
MLS is an acronym for Multiple Listing Service. It’s a database that lets you reach a large number of prospective buyers and increases your home’s exposure. Only licensed real estate professionals have access to the main database. MLS(r)-participating brokers can enter contracts to share commission on the sale of homes. So, for example, if you list your home with one broker and another sells it, they split the commission indicated in the listing agreement.
Do You Charge Any Fees To Post My Listing On MLS(r)?
No! Sometimes I do have to repeat myself “I’m a full service, experienced Realtor”! (I just charge less in commission). There are no fees or service charges to list your property on MLS(r). It comes complimentary as part of my full real estate services coverage.
What Does “Full Real Estate Services” Mean?
Full Real Estate Services is subjective, as a sole proprietor we as agents can run our business however we see fit but in general terms it means that I represent you through every step of the process; from listing all the way to the final price negotiation and the closing of the sale. My full service package includes:
Listing your property on the MLS®, REALTOR.ca, Royallepage.ca etc
Providing high-resolution photos/videos (depending on the property).
Providing high-quality signage and advertising.
Holding open houses.
Booking Home showings.
All documentation and contracts.
Representing you in negotiations with the buyer’s agent.
And finally, getting you through the final hours on closing day!
What Are The First Steps I Should Take Before Selling A Home In Etobicoke?
What I usually recommend to any homeowner do before selling a home is:
1. Speak with an accountant and/or financial planner. They will advise you on tax matters, financing for your next home, etc.
2. Speak with a realtor. Once you have your financial picture sorted out, I am ready to represent you all the way to the final sale.
How Can I Get In Touch With You?
I’m ready to take your call at any time, and will respond to any request within 12 hours. Feel free to contact me any time using one of the options below: