August, 2016 RSS Icon
Found 2 entries for August, 2016.

Don’t Get Burned – Get a Home Inspection to Save Money on Your Next Purchase

Okay, you made one of the most important decisions in your life: you’re buying a home! You found your ideal home. It’s in your desired neighbourhood, close to everything you love, you dig its design and feel, and you’re ready to finalize the deal.

But, whoa … wait a minute! Buying a home isn’t like buying a toaster. If you discover something’s wrong with your new home, you can’t return it for a refund or an even exchange. You’re stuck with your buying decision. Purchasing a home is an important investment and should be treated as such. Therefore, before finalizing anything, your “ideal” home needs an inspection to protect you from throwing your hard-earned money into a

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What you should know

There is no such thing as a standard or fixed commission in real estate.

This is a federal law, under the Competition Act. The only time you may have a standard commission is if a single office demands it, or it is that brokerages business model.  However, in every marketplace, there is a commission that is considered a typical or common full commission.

What do the numbers mean?

I’ve been in the real estate industry for 30+ years, and my entire time in the industry in the Calgary residential marketplace, full commission has always been considered to be 7% on the first $100,000 and 3% on the balance of everything over $100,000.  The listing Agent gets half and the Agent that brings the buyer or the buyers Agent

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