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$695 upon listing, and
$395 upon completion (payable from proceeds of the sale by the lawyers)
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After the listing contract is signed, all information pertinent to the property will be gathered and "data input forms" supplied by the Real Estate Board will be filled with the details about the home. |
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Once
completed, the data input forms will be |
Usually within 2 business days on the realtors websites &
24 to 36 hours later on the public www.mls.ca site |
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It takes on average about 2 business days for the listing to appear on the MLS realtor's websites (and also as an auto e-mail notification to buyers who work with realtors). However during high listing periods, posting of the listing on the MLS may take 3 business days, and in very rare cases even 4 days. |
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After the
listing contract has been signed and payment of $695 received, I will
visit your home asap to check measurements and take photos. I will
only visit your property once. You will drop off document to my
office or send them to me by fax and/or e-mail. |
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If you have already taken photos that you want posted, just e-mail them to me. While only 10 can be posted on MLS (you can select the 10 if you wish or leave it up to me), an unlimited number can posted on the webpage of your home. |
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You choose the length of time, but we recommend 6 months.While this is plenty of time to sell a home in a strong market, it may not be sufficient during a weak buyers market. |
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You may cancel/terminate the listing at any time unconditionally. |
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You can extend an existing listing indefinitely until it sells. There is no extra cost for that. The only thing we will ask of you is to be serious about selling your home by returning phone calls and showing the property. |
Or you can re-list as Either way there is no extra cost to you (for FVREB properties) |
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If the listing does not sell within the listing contract period and expires, you can re-list it as a new listing. |
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For Fraser Valley Real Esate Board properties there is no extra cost for re-listing, as we waive our re-listing fee as of December 2008. |
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For Vancouver Board properties there are some extra costs. The Vancouver Board charges us aprox. $50 for entering a listing and $50 for showing more than one photo. So it will cost you $50 to re-list the same property and an extra $50 if you wish more than one photo shown on MLS. |
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You may change the list price and other terms, such as buyer's agent commission, at any time. |
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There is no
extra cost for that. |
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You may change or add to the general comments at any time. Just e-mail me the changes and I will e-mail them to the FVREB there is no need to sign anything for that. |
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The offer to sell your home can come two ways: by a buyer contacting you directly without a realtor, or by a realtor representing a buyer. |
Signing of documents can be done by fax and/or e-mail. Therefore you must have access to a fax machine or a computer |
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If the buyer contacts you directly |
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Negotiate verbally two things: the price and the date the buyer wants to move in. Do not sign anything. I will prepare the contract, look after subject removals, collection of deposit etc |
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If the offer comes from another realtor |
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In such case the other realtor will fax me the offer, and I will call you to discuss it. Do not reveal your bottom line to the realtor. Let him/her fax me the offer and we will take it from there. |
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With us, the preferred way to communicate is by e-mail. This way we will have a record of all communication. |
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Communicating
with other realtors and the public : |
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It's up to you how much you wish to offer another realtor IF he/she produces an acceptable offer. The most common commission rate is 3.22% first $100,000 and 1.15% on the balance. However, you can offer something less (not recommended in weak market) or something more in a form of a bonus (not a bad idea in a weak market). |
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The minimum we will accept to be shown in the MLS contract is 2.5% on first $100,000 & 1.15% on balance (or comparable flat rate). Naturally, if the buyer does not use the services of a realtor, and contacts you directly, you save the buyer's agent fee. |
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... then I
become just like any other realtor. If I bring you an offer, that is
acceptable to you, and the sale completes, then I will be entitled to
whatever commission it's advertised.
Please keep
in mind that normally I will not show or sell your home
First of all,
I rarely work with buyers as I have my hands full working for
sellers. But, if I have a client looking for a home like yours, I
will call you ahead of time and prove to you that he/she is my client.
Most likely I
would have listed & sold the buyers' home or I would have already
shown them several homes before listing your property.
So far I have never
shown a "Basic Service" listing to any buyer client of
mine. All calls, e-mails and general inquiries have been referred to
the sellers which has resulted in a number of transactions where the
seller saved the buyer's agent fee.
GST will be added on all charges