Mark, ask your realitor, wont hurt. 7/3.5 was an alberta standard from a raging market. in BC the norm is 6/3 but on the contracts it is written in so it is a negociable thing. there is also 1% reality you can look into also. if your house is priced right and preped right it will sell its self fast, even in this market. I sold mine in vic for 40K over what the realistate agent though we should ask in 2 days. I did my own evaluation of the area and equivalent houses and decided the agent was behind in her numbers so I told her we would ask X amount. she said ok we'll try. 2 days later it was sold for 98% of asking, that did fall through due to financing but the day after it fell through it was resold for 99% of asking price. so what did my relastate agent do for her 6/3 got me to sign papers, had pictures taken and did up the MLS, gave me some advice on decluttering and touch ups, and the paperwork for the sale. do I feel she earned her money.. not sure.. lets seel 19000 in commision. 50% to the company so that leaves 9500 of which 50% goes to the other relitor so 4750.00 now 400 for the pictures some for gass ect.. we'll say 4000.00. her work time was about maybe 15 hours total so that giver her a hourly wage of 266.66/hour.
now with the new realistate law changes where individuals will have access to list on the MLS might be better to try for sale by owner if you arn't in a hurry.
Steve
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