AboutDerek Hamilton Expertise Any questions relating to Residential Real Estate in the City of Toronto or Southern Ontario.
How much is my home worth in todays market? What's involved in Buying Real Estate ? How much do you need for a down payment? What's involved in Buying a Condo? What's involved in Buying a Co-op? What do you need as a deposit? How to choose a good Real Estate Agent for your property? What should you do to prepare your home for the market? How much Commission should you expect to pay? What are the expenses when Buying or selling your property? Should you have your home Staged for the market?
Experience Residential Real Estate Sales Representative in Toronto Ont,Canada for 24 years. Award winner for 20 straight years with Royal Lepage R.E.Service ltd. and 10 years with Sutton Group Bayview Toronto,On. Prior experience was 10 years building new custom homes & Renovations in North Toronto. I have a total of 30 years experience in the Residential Real Estate field.
Organizations I also subscribe to the Georgian Triangle Real Estate Board in Collingwood & the surrounding areas.
Education/Credentials George Brown College "Carpentry", Continuing Education with the Toronto Real Estate Board. Member sinse 1985.
Question I was selling my property in BC on my own and 2 months into it decided to also list with a realty.
I have a 3 month listing with the realty.
One of my friends, who knew I was selling privately, sent her sister over to view the house.
The sister wishes to purchase the property.
I still have 6 weeks left with the 3 month realty contract.
The sister did not even know the house was listed with a realty.
Do I have to pay the realty their commission?
If I do, can we just wait until the last 6 weeks of the contract is up and then proceed with our sale?
Thanks for your assistance with my questions.
(I am not a spam robot and I had difficulty reading the characters.)
Answer Hi Dar,
Check the listing. There may be an 60-90 day hold over clause in it.
If so , you would have to wait until the listing expires and the hold over days?
Maybe you can make a deal with your Real Estate Agent and have him or her prepare the offer and only pay a total of 2.5% commission as this Buyer came through you? If you try to do a private deal now your Real Estate Agent is going to come after you for the commission !!
Send the Listing agreement to your Lawyer if you want to make sure?
Good luck!
Derek
