The Durham Region real estate owner says no to real estate fees. At the rate that agents are charging, they are jumping on the For Sale By Owner bandwagon and controlling their private sale.

Real estate commission rates in Durham Region are running in the 6% range. Recent figures show that the average selling price of a home in Canada is almost $306,000. Using these numbers, you would pay a real estate agent almost $20,000 to sell your home. This includes the current rate of GST.

Now this amount to anyone is a sizable sum. Especially when you take into consideration it is after tax dollars.

In this scenario, the Durham Region real estate owner bought a few years ago not knowing what would happen to the value when it came time to sell. They took a risk. Fortunately prices have gone up. Real estate fees have remained the same.

Suppose after paying their moving and legal costs, the seller has a gain of $60,000. Subtract from this 33% that they would pay in real estate commission if sold through an agent. 

What would you do with $20,000?  

We have the solution when the Durham Region real estate owner says no to real estate fees.