Are you aware of all the costs involved in selling a home in Montreal? Some expenses are unknown to homeowners when they sign a contract with a real estate agent. To avoid unpleasant surprises, find out about the various expenses you may incur before signing a contract with a Montreal agent!
Many homeowners are ill-prepared, but still try to sell their Montreal home with a real estate agent. Selling a home on the traditional market means incurring significant expenses, devoting considerable time to the sale and carrying out a number of energy-intensive activities. In this article, you’ll find a list of the expenses involved in selling a Montreal home with an agent, compared to the costs involved in selling a home directly to a real estate professional. At the bottom of the page you’ll find contact information for our team of professional buyers. We can make you an offer quickly, with no obligation on your part. This could help you make your calculations and decide on the most appropriate selling method for your Montreal property.
Hiring an agent in Montreal
Commissions
Hiring a real estate agent to sell a home in Montreal necessarily means paying commissions at the time of sale. This expense could significantly reduce your profits. Commissions are generally around 6% of the sale price. This means that when selling a house for $150,000, a homeowner will have to pay $9,000 in commissions to his agent, not to mention all the other fees he’ll have to pay.
Closing costs
Closing costs are real estate transfer taxes, title insurance and many other small costs put together. If you sell your Montreal property with an agent, you can expect to put in about 3% of the selling price. So, for a house selling for $150,000, you’ll have to spend an additional $3,000 on closing costs. However, if you sell your property to the Vendre Maison Vite team, you simply won’t pay any.
Renovations
If your property isn’t in great shape, renovating it could cost you a small fortune. You may start renovating and discover more and more problems to correct. What’s more, additional renovations may have to be carried out following the inspection. Most buyers try to negotiate after the inspector’s visit, demanding that repairs be made before signing the contract, or asking for a discount on the property.
Maintenance costs
So many people don’t realize how much money owning a home can cost. As a homeowner, you have to pay taxes, insurance and Hydro bills all the time. These costs are particularly high if you have an old house and it’s not energy-efficient. You’ll also need to maintain the property, repair breakages and make other expenses here and there to ensure that your home is ready to receive visitors at all times. If your home stays on the market for an extended period of time, these maintenance costs will add up month after month! On the other hand, if you sell your home directly to the Vendre Maison Vite team, together we can close the sale in just a few days, at no extra cost.
Advertising expenditure
When selling a home the traditional way, the expense of showing your property is simply impossible to ignore. Some agents ask their clients to advertise the house themselves, or to pay an additional fee for each step they take. You may need to purchase one or more visibility packages, or hire a professional to print signs or take photos that show your home in its best light. Each agent has its own method of operation. Don’t assume that all advertising costs will be borne by your real estate agent. This would expose you to the risk of ending up spending much more than expected to sell your Montreal home.
Selling directly to a professional
You can also avoid all these expenses by selling your home directly to the Vendre Maison Vite team. Although not all real estate professionals use the same methods, we can assure you that our team members always buy homes without asking sellers to pay any fees whatsoever. If you do business with us, you won’t have to renovate, clean or wait for long periods of time. You won’t pay any agency fees, commissions or advertising costs. You’ll sell your Montreal home quickly and hassle-free!
Before you start selling your Montreal home, you need to understand what’s involved. Too many sellers deal with a real estate agent and are caught short when unexpected costs arise. Before signing a brokerage contract, take a few minutes to learn what we can offer you. A direct sale may be just what you need for your Montreal home! You won’t know until you receive our offer!
If you want to sell your Montreal home without all that expense and waiting forever, 
