Listing your property in Greater Vancouver & BC
When you decide to sell your home on the SunshineCoast, Vancouver, BC, or anywhere in Greater Vancouver, the Real Estate Board of Greater Vancouver can help you with listing your property.
The Listing Presentation:
Without any obligation to hiring a Realtor, you can ask a REALTOR® to come to your house to give a "listing presentation." The REALTOR® will present his or her qualifications, explain how they will market your home, and most importantly provide you with a comparative market analysis (CMA). The CMA details information on past sales in neighborhood, homes that didn't sell and homes that are currently for sale. The REALTOR® will use the CMA, market statistics and his or her knowledge of the neighborhood to help you set a price for your home.
The Listing Contract :
Once you have selected a Realtor, you will need to sign a listing contract in order for your REALTOR® to list your property for sale on the Multiple Listing Service (MLS®), a central database of properties for sale that is available to REALTORS®.
The contract will contain:
• The price of the property.
• The address and legal description of the property.
• The existing financing arrangements.
• A list of items (known as fixtures) that will not be included in the sale, i.e., a light fixture.
• The commission amount.
• The expiry date of the listing contract.
Your REALTOR® will also get you to fill out a Property Disclosure Statement, a form where you indicate the condition of your property.
REALTOR® Fees
Usually a REALTOR® works on a commission basis and only receives payment upon the successful sale of your home. The commission can be a percentage of the total sale or a flat rate. The commission is not set by law or by local real estate boards.
If you know of anyone thinking of buying or selling real estate, contact us and we will be happy to assist in the process.
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