The good news? Choosing the right real estate agent with a competitive commission rate can save you thousands of dollars.
1. Real Estate Commission
Real estate commissions are typically the largest expense when selling in Ontario. See how our 1% fee compares against standard rates using the 1% Commission Savings Calculator.
Real estate commission is often the largest expense when selling in Ontario. Compare traditional 2.5% rates against our 1% Commission Savings Calculator to see the difference. Commission rates are negotiable and vary depending on the brokerage and services provided. Sellers may pay a listing brokerage commission and, if agreed, an additional commission to the brokerage representing the buyer.
At Predy Homes – Century 21 Heritage Group, I offer a competitive 1% listing commission, providing professional real estate representation while helping homeowners reduce selling costs.
Keep More of Your Home's Equity — Save Thousands With My 1% Listing Commission!
Why pay more in listing commission when you could keep more of your hard-earned money? See how much you could save by choosing my 1% listing commission instead of a 2.5% listing commission:
| Home Sale Price | Traditional 2.5% Listing Fee | My 1% Listing Fee | Your Savings |
|---|---|---|---|
| $700,000 | $17,500 | $7,000 | $10,500 |
| $900,000 | $22,500 | $9,000 | $13,500 |
| $1,200,000 | $30,000 | $12,000 | $18,000 |
| Savings on a $1.2M home: | Up to $18,000 retained! | ||
That's up to $18,000 in listing commission savings on a $1.2 million home! Imagine what you could do with that extra money — put it toward your next home, renovations, investments, or simply keep more of your equity.
Comparison is illustrative and excludes HST and any cooperating buyer brokerage commission. Savings assume the same buyer brokerage commission in both scenarios. All commissions are negotiable.
2. Real Estate Legal Fees
Legal fees, title search disbursements, and adjustments determine your final cheque on closing day. Estimate your total net return with our Net Seller Proceeds Calculator.
A real estate lawyer is essential to completing your property sale. Legal fees for a straightforward residential sale in Ontario often range from approximately $1,000 to $2,000, although costs vary depending on the lawyer and transaction.
Your lawyer handles important tasks such as preparing closing documents, discharging the mortgage, and transferring ownership.
3. Mortgage Penalties and Discharge Fees
If you sell your home before your mortgage term expires, your lender may charge a prepayment penalty. Depending on your mortgage agreement, this could amount to several thousand dollars.
Contact your lender before listing your property to understand any applicable charges.
4. Home Preparation and Moving Expenses
Other potential expenses include:
- Cleaning and minor repairs
- Painting or home staging
- Moving company fees
- Mortgage discharge and administrative fees
- Property tax and utility adjustments
Not every home requires expensive renovations or professional staging. Sometimes small improvements can make a big difference.
5. How to Reduce Your Home Selling Costs
If you are also buying a new home after selling, you can offset future land transfer taxes with our 1% Buyer Cash Back Rebate.
One of the easiest ways to reduce selling expenses is to choose an experienced real estate agent offering a competitive listing commission.
With my 1% listing commission, you receive professional guidance, strategic pricing, property marketing, offer negotiations, and support throughout the selling process. My goal is to help you achieve a successful sale while keeping more of your hard-earned equity.
Ready to Sell Your Home and Save Thousands?
Whether you're selling a house or condo in Toronto, North York, Scarborough, Etobicoke, or anywhere across the GTA, I'm here to help. Request a free, no-obligation home evaluation and see exact comparable sales for your specific street and building.