This is the commission, in percentage of the final sale price, that you will be paying your agent/brokerage for the services provided to sell your townhome. This can range from 1% to 5% usually and is based on several factors such as the realtor experience, brokerage brand names, amount of time & effort, services included, marketing budget for your agent to sell your property. While discount agents and brokerages don’t normally include many services, full-service agents and brokerages may pay for professional photography, videography, virtual tours, floor plans, online marketing, print marketing, cleaning, home inspections, staging and more.
For example if your home is in a very high demand area with multiple offers AND is in extravagant shape and ready to sell than you might choose 1% as the property might “sell itself” but if your property will need some marketing, some interior staging, renos, and marketing by your agent than 1.5% or 2% will be more suitable to ensure you receive much more for your property.
This is the commission you are going to pay the other agent that will be bringing a buyer to your property. Why are you paying this? Think of it as an incentive for agents to bring their buyers to your property vs any competing properties for sale. The usually rate offered is 2.5% of your sale price.
This is your listing commission plus your co-op commission combined. For example if you decided to pay your realtor 1.5% listing commission and your co-op was offered at 2.5% than your total commission would be 4% of your final sale price to be paid to both agents.
During your real estate transaction commission is one of the largest costs but there are a few more in order to close your sale and these are - legal fees – status certificate – outstanding utilities and condo fees – mortgage bridging costs
Selling your home means, packing, organizing and moving and this might ensure some added costs such as: Boxes/Moving Supplies, Movers, Cleaners, Garbage Disposal, Storage, etc