New rules for homeowners more options when it comes to selling their home.
Before putting your home on the market, make sure you understand the pros and cons of going with a broker or selling it private
Planning to put your home on the market ? Then be prepared to do your homework. New rules have the potential to save homeowners thousands of dollars in agent commissions, but they could lead to major headaches for sellers who get in over their heads. A recent ruling by the Compensation Tribunal allows real estate agents to list a seller's property on the Multiple Listing Service (MLS) for a mutually agreed upon flat fee, while the agent representing the buyer can be paid any amount.
For full details: see source: The London Free Press , Monday, November 22, 2010. by Dale Carruthers
* MLS ( flat fee listing) ,only allows access to post seller's property on the MLS system. Seller is charged a fee up front, even if property does not sell does not sell.
No other services are provided such as: providing, Lawn Signs, Photos, Advertising exposure to company National Web sites and news print, hosting Open Houses, arranging Home Inspections, writing the Purchase of Sale Contract with appropiate Clauses, Negotiating the Deal.
You are selling the biggest investment of your life, you want to hire someone that's going to be full time and a good negotiator working on your behalf.