FAQ – What every Seller needs to know


How Much do you charge?

We have two very competitive listing marketing plans that provide outstanding results ranging from 3.50%-4.50%+HST (Which includes a 2.5%+HST Buyer Brokerage Fee). The Marketing Plan should be catered to your specific property, we provide you in writing a detailed checklist outlining exactly what will be done to market your property. We don’t have “big franchise brand fees” those savings are passed on to you. Before you hire someone to sell your home, please interview three agents and then decide who is the best fit!

 

How will you market my home?

Please email/call Brent Foley directly for a copy of the companies detailed marketing plans and fee schedule. Brent can be reached at 905 240 7300 or bfoleytfg@gmail.com

 

How am I different than the competition?

Working full time for nearly 8 years as a real estate professional, my daily focus is on my profession and clients. In 2014, I was the top 5 Individual Real Estate Broker in Oshawa/Clarington for combined units sold and total sales volume. We have a full time staff, to ensure no details are missed and you are provided with the first class service you deserve.

Are Public Open Houses necessary?

They are never required but it is a good opportunity to get more people to see your home. Often interested buyers will come to the open house for additional viewings. It is a great way to generate some extra interest—especially from people just walking by. It can create great word of mouth interest.

 

How Long will it take us to get our house ready?

We usually recommend 1-2 weeks, depending on the current condition of your home. Once you decide to sell your home and we have completed the paperwork, our stager will prepare a detailed list of recommendations for you for each room. Decluttering and painting necessary rooms should be done in every scenario. (If needed, please ask me for a list of professional trades) After any work you want to do, we co-ordinate our contacts to come in to clean, take photos, film video, prepare floor plans. This should be done just before the house is set to come out so we can guarantee that everything is set to make a great first impression once it is listed.

 

Should I set an offer date?

You can either set a specific date and time where/when you will look at offers, or you can choose to look at offers any time a buyer wishes to present one. There are pros and cons with both strategies. This would be something we would talk about during our listing consultation because once a strategy is chosen, it is best not to change it.

 

What is a Bully Offer?

A bully offer is an offer presented before the set offer date as the buyers are “bullying” you to look at their offer because they don’t give the selling agent/sellers a lot of time to respond. The price is usually well above the listing price to give the seller incentive to take it. You do not have to accept or look at a bully offer! Legally I must inform you if one comes in, but it is up to you if you wish to look at it. Depending on the market conditions at the time, we may have you sign an addendum to the listing agreement, to allow us to legally not present any bully offer. We strongly believe if we set an offer date, to be fair to all purchasers (also to net you the seller more money) we should not look at any offers prior to that date.

 

What Happens at offer presentation?

Now that we have set an offer date, and if all goes to plan we should have multiple offers to view. So now what? You can choose whether you want agents to present in person, or if you would like Brent to present all offers to you on the buyer brokerage behalf. Ultimately totally your decision how you want offers presented to you but you may want to learn more about who is buying your home, so allowing the buyer agent to present in person is the best way to do this.
In Person Process: Agents present their clients offer in the order it was registered (assuming multiple offers). They will come to assigned offer venue (usually your kitchen table or our office) and present their clients offer to us. Brent will go through the procedure with you before hand and how it will all play out. We will closely review all details and clauses for your protection.
Fax/Emailed offer process: If offers have been faxed or emailed, Brent will bring all offers to you and we can choose which offer is in your best interests.

 

Should I be home for viewings?

The answer may be obvious, but absolutely not if it can be avoided. It is best to leave during the showing time to give the buyer and their agent privacy. This will allow the buyer to talk candidly about the house with their agent. Our office will notify you when any showing is booked. You do not have to worry about someone showing up without your consent.

 

I sometimes drive by “For Sale By Owner Signs”, should I hire an agent to sell?

Yes! Experienced agents will have detailed knowledge about the current housing market, your neighbourhood, and the listing process. Great agents have the best marketing methods, to ensure more people are viewing your home and only buyers who are actually qualified! They will work to get you the best price for your home and will have the research to back up their stats. Listing a home is a huge decision that can be complicated and stressful. An agent will help you navigate all the legal work while (hopefully!) alleviating some of the stress. Legally it is also helpful to work with an agent because they will make sure you are abiding by all the necessary legal procedures.

 

What happens if my deal falls apart due to a condition not being met?

If your deal falls apart because a condition could not be met, a mutual release is signed by both parties. This is an agreement that the offer will not close and the deposit will be returned to the buyers without penalty. Your home will then be placed back on the open market and new offers can be entertained.

 

My house is sold! Now what?

You will want to contact your lawyer who will need all the necessary paperwork (we take care of this). We have been at this a long time, and our pre closing procedures are state of the art. This will ensure you know all the next steps and have all the necessary contact numbers for utilities, movers and whoever you may need to make the process seamless! Our staff assists you every step of the way.

 

What closing costs will I pay?

Real Estate Commission, Lawyer Closing costs and any related moving costs (Uhaul rental, storage fees and costs of this nature). Land transfer tax is only paid when you purchase a home.

The Foley Group

  • Head Office 319 College Avenue
    Oshawa, ON, L1J 3S2
  • Phone 905-240-7300
  • Fax 905-571-5437
  • Contact Us  

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The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose.

Information is deemed reliable but is not guaranteed accurate by TREB.

Toronto Real Estate Board - IDX Last Updated: 6/27/2017 7:00:27 AM