Yet, the only reason commission rates have remained the same is because so many sellers continue to pay those rates. You might have paid those rates as well…but you do not have to.
Though not all commissions are the same, the prevailing rate within Maple Ridge and the lower mainland is 7% of the 1st $100,000 of the sale price and 2.5% of the balance. This can add up fast. On a $300,000 sale, this would be $12,000 + tax, while on a $600,000 sale, this adds to $19,500 + tax. With John and Dave, you will pay only $6950 + GST for any property that sells for under $600,000, and 1% of the sale price + $950 + GST for anything that sells over $600,000. That’s it. This includes everything – including the buyer’s agent’s fee.