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Home Seller FAQs

 

What is my home worth?

Kelowna real estate pricing can be difficult at the best of times. Although we may be able to give you a range just by using factual comparison, the exterior and interior finishes greatly influence the market value of your home. It’s imperative that your agent come by and view your home before giving you a price range.

Does it cost me anything to have a market evaluation done?

No – I will come and see your home, bring you comparable data and give you an price range for your home with no cost to you. Remember that the seller should always set the price – we are here as consultants and advisors only.

How long will it take for my house to sell?

This truly depends on your price range and the Kelowna real estate market. If the market is slow then it will take longer even for the best priced home to sell. In a faster market it sometimes depends on the price range – is there a large buying pool or a smaller buying pool for your home. The larger the buying the pool the more likely it will sell quickly. If you have a unique home that will appeal to fewer buyers then it will probably take longer to sell. But of course it only takes 1 person and sometime that person is the first one to see your home and it sells very fast.

What if I change my mind and decide not to sell?

If you list your home with me and you decide not to sell, then you may cancel the listing agreement at any time. If you have gone ahead with the complimentary staging service I provide then I request that I be reimbursed for that expense.

What are the commission rates? Is there a standard rate?

There is no standard rate and each agent will have to answer the commission rate questions individually. I charge 7% on the first $100,000 and 3% on the remainder. However, I also give discounts back to the seller depending on the situation. If I represent the seller and the buyer in a transaction then I will give a $2,000.00 discount to the sellers on the commission. If I help the seller purchase their next home then I will give them a 25% referral fee (25% of my commission on the purchase).

Do I have to accept an offer if I don’t want to?

No – you have three options when an offer is presented. Accept, Reject or Counter. The choice is 100% yours.