You might have questions. We’re here to answer them.
Can Link 2 Realty Ltd refer me to a REALTOR® anywhere in Canada?
Will Link 2 Realty Ltd interview the REALTORS® for me?
Link 2 Realty Ltd will arrange for three to five bona fide agents to meet with you and present why they’re the best choice to sell your property. We’ll give you as much information as necessary to help you make an informed decision and, if you choose, we can arrange the initial interview times for you.
You make the calls and conduct the interviews. This is important. We want you to feel confident and comfortable with the REALTOR® you choose. It has to be the right decision for you!
What does Link 2 Realty Ltd gain from these referrals?
We love real estate and helping our clients find the best solutions for their real estate needs. You deserve to work with someone you can trust.
The referral process is an age-old practice that we believe is an effective way to reach the right REALTOR® for you. On the other hand, selling real estate is not an easy profession, so we also believe in leveraging the expertise of REALTORS® in the type of real estate where they excel.
What should I do to prepare my home for sale?
What does it cost to sell my home?
There are a number of costs to selling a home. Here is a summary of the costs incurred when you sell your property. First, note that there is no fee for our service. REALTOR® who work with Link 2 Realty Ltd pay us a referral fee when they sell the property.
Real estate commissions
This is usually between 4% and 7% (plus HST) of the sale price of the property. However, this could change depending on the relationship between the seller and buyer REALTORS®. If the transaction relates to property rental, the commission is generally one month’s rent (plus HST).
Survey costs
In some sales, the seller must provide a survey. If you have a current survey, and nothing has changed since it was completed, this might be sufficient. A new survey will generally cost $700 to $1,200. Surveys outside the city vary in price due to size of the area and the terrain.
Legal fees
These include fees for the lawyer’s service and for the disbursement of the funds.
Mortgage discharge
If you’re discharging your mortgage before its maturity, there could be a penalty for early discharge (completion of your lending agreement). Most mortgage companies require a discharge fee to cover their administrative costs. Call your lender and ask for a mortgage discharge statement before selling so you’re not caught off guard.
Institutional lenders may provide “mortgage portability”. This means, the interest penalty may be waived, if the seller transfers the mortgage from the home they’re selling to the home they’re buying.
Other expenses
Think about all the bills and expenses you’re paying. You should make arrangements to pay these before closing or shortly afterwards. These include, property taxes, landlines, hydro, oil, gas, cable TV, home renovations, snow removal . . . all the bills which have to do with the house.
Let the companies and organizations involved know your closing date so they can provide you with an accurate final billing and ensure you’ll no longer be responsible for future payments.