The cost of hiring a REALTOR\u00ae to sell your home depends on a variety of factors including how your home is priced, the state of the market, and the time of year.\u00a0 Some homes are easier to sell than others.\u00a0 If yours is such a home, you should be able to negotiate a good rate with your REALTOR\u00ae.\u00a0Yes, commission rates are negotiable!<\/p>\n
The misconception that commission rates are fixed, or standard, is partly the result of advertising by For-Sale-By-Owner (FSBO) websites that claim they can save homeowners huge amounts of money compared to using a REALTOR\u00ae, based on “local REALTOR\u00ae commissions.”\u00a0 But if you take a closer look you’ll see that they are using “local” rates that are typical of Vancouver or Toronto, not Yellowknife. This is like a car saleman claiming he can save you $25,000 by comparing a car on his lot to an imaginary car with a made up, outrageous price tag.\u00a0 That’s a great sales pitch, but it’s very misleading to homeowners.<\/p>\n
The truth is, there is no such thing as a standard commission rate.\u00a0 You can negotiate with your REALTOR\u00ae to sell your home at whatever rate you like, as long as they agree to it.\u00a0 REALTORS\u00ae can work for $1 an hour if they choose to.\u00a0 Depending on the time of year, and a variety of other factors, there can be some bargains out there.\u00a0 But like with any service, make sure to ask exactly what services you will be getting for the agreed-upon rate.\u00a0 The kinds of services offered by Yellowknife REALTORS\u00ae vary just as much as commissions.<\/p>\n
It is also important to remember that by hiring a Yellowknife REALTOR\u00ae to sell your home, you are actually getting all 12 REALTORS\u00ae in Yellowknife – 12 professional salespeople competing with each other to sell your home first! .\u00a0 Your listing agent may be responsible for preparing the listing, but he or she will pay half the commission to any other Yellowknife REALTOR\u00ae (through the REALTOR\u00ae’s brokerage) who finds a buyer.\u00a0 This system of sharing listings is known as the Multi-Listing Service (MLS), and it’s the most compelling reason to hire a REALTOR\u00ae!<\/p>\n
Another great reason to hire a REALTOR\u00ae is they know how to find buyers – in fact they spend most of their days looking for and working with buyers. So when you list with a Yellowknife REALTOR\u00ae, you immediately tap into a wide network of qualified buyers who are actively in the market and ready to purchase.\u00a0 Our buyer clients are not just browsing websites, kicking tires and wasting homeowners’ time.\u00a0 They are viewing homes with the intention to to purchase, side-by-side with the REALTORS\u00ae they rely on for advice and assistance.<\/p>\n
One more great reason to hire a REALTOR\u00ae is that selling your own home is not as easy as it looks!\u00a0 You may have noticed that FSBO listings generally sit on the market a lot longer than professional listings.\u00a0 This usually isn’t because the photos aren’t as good or the listing description isn’t complete. It’s because when the phone rings, your chances of selling are greatly enhanced if a professional salesperson answers that call for you.\u00a0 You only get so many chances to connect with the right buyer.\u00a0 If a potential buyer feels uncomfortable with the process for any reason along the way, you may lose them.\u00a0 REALTORS\u00ae make these connections quickly because it’s what they do for a living.\u00a0 When you dedicate every day to working hard at something, as REALTORS\u00ae do, you get pretty good at it.<\/p>\n
There are many other great reasons why you should hire a REALTOR\u00ae to help you sell your home. Call Karen or Adrian today if you’d like to learn more.<\/p>\n
<\/p>\n
The trademarks\u00a0REALTOR\u00ae and\u00a0MLS\u00ae\u00a0are owned or\u00a0controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals\u00a0who are members of CREA (REALTOR\u00ae)\u00a0and\/or the quality of services\u00a0they provide (MLS\u00ae)<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" The cost of hiring a REALTOR\u00ae to sell your home depends on a variety of factors including how your home is priced, the state of the market, and the time of year.\u00a0 Some homes are …<\/p>\n","protected":false},"author":3,"featured_media":43,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[61],"tags":[21,22],"class_list":["post-40","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-moving-to-yellowknife","tag-buyer","tag-homeowners"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.century21yk.ca\/blog\/wp-json\/wp\/v2\/posts\/40"}],"collection":[{"href":"https:\/\/www.century21yk.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.century21yk.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.century21yk.ca\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.century21yk.ca\/blog\/wp-json\/wp\/v2\/comments?post=40"}],"version-history":[{"count":4,"href":"https:\/\/www.century21yk.ca\/blog\/wp-json\/wp\/v2\/posts\/40\/revisions"}],"predecessor-version":[{"id":253,"href":"https:\/\/www.century21yk.ca\/blog\/wp-json\/wp\/v2\/posts\/40\/revisions\/253"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.century21yk.ca\/blog\/wp-json\/wp\/v2\/media\/43"}],"wp:attachment":[{"href":"https:\/\/www.century21yk.ca\/blog\/wp-json\/wp\/v2\/media?parent=40"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.century21yk.ca\/blog\/wp-json\/wp\/v2\/categories?post=40"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.century21yk.ca\/blog\/wp-json\/wp\/v2\/tags?post=40"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}