February 2011

Claims to Saving Sellers Commissions

Posted on Feb 21, 2011 in Susan Rochefort

I recently saw a tweet from a For Sale By Owner company that is claiming that they have saved their clients over $400,000 worth of commissions. Although this might sound impressive, I started analyzing the statement and came up with a few questions. Is comparing a house that is sold via For Sale By Owner and one that is sold by a real estate agent...

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The data included in this display is deemed reliable, but is not guaranteed to be accurate by the Central Alberta REALTORS® Association. The real estate listing information and related content displayed on this site is provided exclusively for consumers. personal, non-commercial use and, may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information and related content is deemed reliable but is not guaranteed accurate.

* Compared to a typical rate of 6% on the first $100,000 and 3% on the balance of the sale price, not applicable for agent or relocation referrals.

* * $1,500 cash-back on a property that sells over $300,000, and $1,000 for a property that sells between $200,000 and $299,999. Cash-back is not offered on properties under $200,000. Commission paid by seller must be 3% on the first $100,000 and 1.5% on the balance of the sale price. Not applicable for agent or relocation referrals. May be reduced or not applicable on for-sale-by-owner properties. ***$4,000 flat fee commission only applicable on properties listed up to $600,000. 1% listing commission applicable on properties over $600,000.