Let’s get right to the point. With Point59 Realty Inc., you save thousands of dollars in commission. Listing with Point59 Realty Inc. provides you full exposure on MLS and Realtor.ca while having the support of a licensed realtor, all for 0.59% commission (vs 4.0% with most traditional brokerages)
The first step is to create an account. From there, you will be invited to complete an online listing questionnaire which will provide all the relevant details required to have your home listed with MLS and the local real estate board and posted to Realtor.ca. If you have any questions about creating an account or the questionnaire, you can always reach out to us and we will be happy to help complete the listing process with you directly. Once all relevant information is obtained and you have signed off on the listing information, your listing will be posted.
No catch! Just a shift from the traditional method of listing and selling your home with a licensed realtor. The biggest shift is that when an interested buyer or an agent from a cooperating brokerage wants to view your home, they make arrangements directly with you. Show it off with pride – who knows your home better than you?
If you are not sure what price you want to list your home for, a Point59 Realtor will be happy to work with you to determine a price based on comparable homes that are currently listed and/or have recently sold.
A cooperating brokerage is a brokerage, other than the listing brokerage, that has a potential buyer for your home.
First, a comment on how we are the same… As Real Estate is a regulated profession in Ontario, all realtors and brokers, must be registered with the Real Estate Council of Ontario, adhering to strict professional standards. There is no difference here. Where we are different however is in the fee we charge for our services. Unlike traditional brokerages that charge around 4.0-5.0% commission, we only charge 0.59% providing the same services, with one distinction – You make arrangements for showing your own home to prospective buyers. In some cases, potential buyers will be working with agents who will request access to your home. You can make arrangements with them and have the option of being present or simply allowing access to the cooperating agent.
Yes, your listing will get full exposure on Realtor.ca and be active on your local Real Estate Board’s MLS.
In some cases, you! Make arrangements with potential buyers directly and show your home with pride – no one knows your home better than you! In other cases, a Realtor from a co-operating brokerage may have interested buyers and reach out to you to arrange a showing. You have the choice of being present for the showing or simply allowing the Realtor to have access for a private viewing with their clients.
An interested buyer or their Realtor will likely notify your Point59 Realtor if they are interested in submitting an offer, however as you may be dealing with the buyer directly when showing your house, you may be given an offer directly, at which point you would simply reach out to your Point59 Realtor and they will help review the offer and negotiate, if needed, to help you sell your home. Before getting to that stage however, we make sure all potential buyers have the information they need to submit an offer when they view your home!
MLS rules and regulations require that all listings are for a period of at least 60 days. If you require to cancel your listing before it sells or expires, there is a fee of $199 (plus HST).
There are no hidden fees – your commission is 0.59% when your home sells. Photography and/or staging if needed, along with any additional commission you may wish to offer a co-operating brokerage is up to you.
While we believe traditional fees are outdated and overpriced, we also believe in fair compensation for performing a valued service. At Point59 Realty Inc., we have created an opportunity for home sellers to list their home and receive the support and assurances of working with a licensed realtor in the listing and selling of their home, for a minimal commission. We allow you, the home seller, total control over who views your home and ultimately, how much value you attribute to someone finding a successful buyer for your home. In many cases, you will be contacted directly from interested buyers not working with a Realtor in which case no additional commission would be requested. However, Realtors may have clients who would be interested in viewing your home and they would like to be compensated if their client ultimately purchases your home. You have an option of saying no to any additional commission or you can coordinate either a flat fee or a percentage based commission for a successful sale. Your Point59 Realtor will be happy to discuss commission options with you based on your specific situation.
Point59 Realty Inc.’s role in the Real Estate marketplace is to provide an MLS listing and Realtor.ca exposure while supporting sellers through the listing and offer stage of selling their home. Point59 provides sellers with control over how their home is sold and how much they are willing to pay for real estate services. We encourage our clients to work with cooperating brokerages and their agents and negotiate a fee that makes sense for both of you.
Today’s home buyer is more proactive than ever. Long gone are the days of home buyers waiting for and relying on a Realtor to provide a list of potential homes to view. Home buyers are seeking out homes that fit their criteria via Realtor.ca and actively requesting a viewing either directly or through their Realtor. 40% of all Realtor.ca visitors claim they are not working with a Realtor. Meanwhile, buyers who are working with a Realtor may already have an agreement in place with their Realtor for situations such as purchasing a private home for sale or where commission is not offered, ensuring suitable compensation for that Realtor. Last and certainly not least, any agent who avoids a suitable home for their client is obviously not working with their client’s best interest in mind and goes against the Realtor Code of Ethics which we are obligated to abide by as professional members of the National Association of REALTORS.
If you are not already working with a Realtor, you can simply call the phone number noted on the listing to make arrangements directly with the seller and arrange a time to view the home. You can also call Point59 Realty Inc. and we will be happy to help as well.
The first thing you should do is check with your Realtor. You may have signed an agreement stating you will work with your Realtor for any home purchase including situations where there is little or no commission offered to them as a cooperating brokerage. If not, they may request a fee directly from you, or they may try and negotiate a commission with the seller before agreeing to show you the home. If you do not have an agreement to work exclusively with them on any purchase, you may still work with the Realtor to show you the home or you can contact the seller and arrange a time to view the home directly with them.
When you sign up to work with a traditional brokerage, they typically build in a fixed 2% commission fee to offer the cooperating brokerage (CB) or in other words, an agent from another brokerage that is presenting your home to a potential buyer. Point59 Realty’s optional CB FlexRate provides you full control over any commission you wish to pay a cooperating brokerage. When you list with Point59 Realty, there is no requirement or set fixed amount or percentage. Most importantly, when Point59 Realty finds you a buyer directly from our promotion, you still only pay 0.59%, regardless what you offer a cooperating brokerage. How much you offer a cooperating brokerage depends on how aggressively you want to market your home. Some of our sellers offer a flat fee. Others offer none at all. While some of our sellers offer as much as 2%, making their total commission only 2.59%. Compared to 4% commission, that’s still a savings of $4,652.00 (on a $330,000 home). As noted, sell to someone not working with an agent and save the entire CB FlexRate commission, so a total savings of $11,253.00 (on a $330,000 home)!