Page 2 - MILONAS Sellers Guide HIGH

So, you have decided you want to sell your house or condo, but you’ve got a tonne of questions!
This booklet not only answers some of the questions you may have but also showcases a few of the
forms we will be signing.

Commission – The biggest question I get asked when helping sellers is “What Is Your Commission?”.
I have a standard commission package that I work with and that is 5%. Included in my commission
is professional photography, interactive virtual tour, floor plans, pre-home inspection (house),
purchasing the status certificate (condo), staging, brochures, print and social media campaigns,
fresh flowers and so much more.

Now, a common misconception is that the full 5% is the listing agents commission to keep. It isn’t. I
use 2.5% as a marketing tool to attract buyer agents. When they see a listing on MLS offering a full
2.5%, they are going to make it a priority.

Buyer’s Representation – As a listing agent my loyalty lies to you; the seller. If a buyer approaches
me directly, they will either be referred to a member on my team, or I will treat them as a customer
vs. a client.

Deposit – In today’s market, an average deposit is roughly 5% of the list price. The deposit (either
certified cheque or bank draft) must be delivered by the buyers to my office no later than 24 hours
after we accept an offer. The deposit is held in my brokerages account in trust.

Multiple Offers – In occasion we will run into a situation where a home is being bid on by numerous
individuals. This is known as multiple offers. In this situation, we will only be looking for clean offers
with the right price and the best terms.

Electronic Signatures – I know you’re busy. I know you don’t always have the time to meet with
me to sign your offer, which is why I use a program called DOCUSIGN. It is an electronic signature
platform that you authorize to create a digital signature that has you sign in the allocated slots.
Closing Costs – There are numerous costs associated with closing a property. Some of the more
common ones are listed below:

• Lawyers. The average cost of the legal fees to close on your sale is roughly $1400-$1600. These
costs are not set in stone and vary by legal firm.
• Movers. Don’t promise your friends pop and pizza to move your home. Get a proper quote from
a moving company who will not only wrap your furniture properly but has insurance and takes
away the stress of moving day.
• Elevators. If you are moving out of condo, you will have to reserve a moving elevator. While
there is no cost associated in renting the elevator, the condo may require a security deposit
cheque. A bank draft of roughly $350 will secure your reservation, and upon completion the
concierge will inspect the elevator for damages and return your cheque to you.

I hope the above information helps answer some of your questions and takes away some of the
stress with your upcoming home sale.
I look forward to working with you!