The
irony is that in fact real estate agents have absolutely nothing to
do with the legal process of real estate transactions! Real estate
agents only market the property for the Seller, something that most people
are fully capable of doing themselves. The only legal aspect performed
by a real estate agent is when you sign a contract with them to pay a commission,
and sign away your hard earned money! The final legal process is
always
taken care of by a lawyer, and is always arranged by the Buyer and
Seller.
Join the Revolution!
More
and more people are realizing that selling property without a realtor is
actually very easy. It happens every day in Saskatchewan! With
advertising resources that are now available on the internet such as ours,
and with much information and other resources now available to Private
Sellers, buying and selling property privately is easier than ever.
Check our Seller's
Resources page for lawn sign rental information, guides, forms and
other tools to help you sell privately - and keep your money!
You can
sell your property yourself
and save thousands
of dollars in commissions!
Exactly
how many thousands?
It is
important to be aware that in Saskatchewan, you will also pay PST and GST
on the commission (click here
for more information).
Most
real estate agent commissions in Saskatchewan are 7%. Use the chart
below to estimate the amount you would save.
|
Sale
Price
|
7% Commission
|
+11%
PST , GST
|
Total
Paid
|
You
Keep
|
|
$100 000.00
|
$7 000.00
|
$770.00
|
$7 770.00
|
$92 230.00
|
|
$150 000.00
|
$10 500.00
|
$1 155.00
|
$11 155.00
|
$138 845.00
|
|
$200 000.00
|
$14 000.00
|
$1 540.00
|
$15 540.00
|
$184 460.00
|
Using
$150 000.00 as an example Sale Price, if you hire a real estate agent you
would receive only $138 845.00 for your property, property that is
worth $150 000.00!
What
could you do with $11 155.00? You might buy a new vehicle, buy new
appliances for your next home, take a vacation, buy a boat, or a cottage,
etc. etc. etc. Perhaps you would put it toward a debt – a car loan or credit
card debt. Even better, you could put it toward the down payment/equity
of your next home and mortgage.
Another
important point - How many years has it taken you to pay $11 155.00 toward
your mortgage, and as well, how much interest did you pay on that amount?
Private
sellers know – if a person has the time and resources, and is willing to
make the commitment of marketing their property privately, selling without
a real estate agent is well worthwhile. |
Seller
Log In:
Why
Sell Privately?