The Expensive Reality of Selling a Home on the MLS

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Selling a home in Canada can be a daunting financial endeavour. While many homeowners focus on the potential profits from their property, it’s crucial to acknowledge the considerable expenses that can arise during the selling process. From realtor commissions to furniture staging, securing a great offer the traditional way can be an expensive process.

One of the most significant costs is the real estate commission, typically paid to the listing agent and the buyer’s agent. This fee can add up to thousands or even tens of thousands of dollars, depending on the property’s value. To illustrate, the average sale price of a home in Canada in July 2023 was $757,000. The commission on the average home in Canada, at the typical 5% being split between both agents, the total commission paid would sit at over $37,000–which is more expensive than many homeowners are aware!

Homeowners must also budget for legal fees, home inspection costs, and potentially costly repairs or renovations to make the property more attractive to buyers. In some provinces, there are additional expenses like land transfer taxes or property disclosure statements. When selling to a private buyer like Ottawa House Buyer though, you can avoid some of these costs.

Selling privately to Ottawa House Buyer can save you tens of thousands. They do not charge commission fees, nor do they require a perfectly staged home or inspections. They purchase as-is, with no need for a pristine, freshly staged home.

While selling a home in Canada can be expensive, there are alternative options that afford you the convenience and savings you’re looking for, without hindering the effectiveness. Discover why hundreds of homeowners have chosen Ottawa House Buyer by giving them a call today.

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