Explore alternatives to the traditional 5% realtor commission in Canada. Learn how to sell privately and keep more of your equity.
In Canada, sellers typically pay a total commission of 4-6% of the sale price, split between the listing and buyer's agents. On a $600,000 home, that is $24,000-$36,000. Many sellers are now exploring alternatives to keep more of their equity.
List your property on Shopperden and market directly to buyers. You handle viewings, negotiations, and the process. Cost: essentially free for listing, plus legal fees for closing ($1,000-$2,000). Potential savings: $24,000-$36,000.
Some services list your property on MLS for a flat fee ($500-$3,000) instead of a percentage commission. You still need to offer buyer's agent commission (2-2.5%), but you save the listing agent's portion.
Some brokerages offer reduced commission rates (1-2% instead of 2.5%). You get agent support at a lower cost, though the level of service may be more limited.
Regardless of which route you choose: stage your home for photos, get a pre-listing inspection to address issues upfront, price competitively using Shopperden's AI valuation, and create a 3D virtual tour for maximum online engagement.
In Canada, you need a real estate lawyer for the transaction. They handle: the purchase agreement review, title transfer, mortgage payout, and net proceeds calculation. This costs $1,000-$2,000 regardless of whether you use an agent.
List your property with 3D virtual tours, get AI-powered valuations, and reach buyers across Canada without paying commission. Our professional directory connects you with lawyers and inspectors to complete the sale smoothly.
Published by Shopperden Ltd
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