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What are Normal Realtor Commissions in Edmonton?

Realtor Fees are 7% on the first $100,000 and 3% on the balance. This is split between the buyer’s realtor and the seller’s realtor but the total fee is taken out of the sales price – so the seller is technically paying the total fee.

7% on the first $100K and 3% on the balance for a $450K home, the average sale price in Edmonton, is $17,500. $17,500 Is a lot of money! Your lawyer fees will cost another $1300 and you may need to order an RPR.

Can You Reduce Commissions without hurting your chance of selling?

There are services offered on MLS that may make it harder for you to sell your house. These Realtors or companies will not offer the buyer’s agent their 50% cut of the 7% & 3% commission. To guarantee every serious buyer sees your home you need to offer the buyers Realtor full fees! This is important for one simple reason; Buyers realtors may not show your home if they don’t think the commissions are sufficient. As I write this in early 2022 the Edmonton Real Estate market is way up; realtors have fewer options for their buyers. 2022’s unique market may be a rare moment when offering low commissions won’t effect your chance to sell! Normally though, there may be buyers out there actively looking for exactly what you have to offer, if their realtor chooses not to show your listing this will affect your ability to sell.

So How do you Save On Commissions?

You need to negotiate with your realtor on their 50% of the listing commission. Ask your realtor to tell you exactly what he or she will be doing for you if you pay them full fees. Realtors will do these things at full fees: Several Open houses, Professional pictures, additional listing information material, For Sale Sign on the Property, additional online marketing and advertising on their website. Take a look at what I offer at my full fees level here or you can see all my different fees on my compare the listing services page. Secondly, before negotiating with your Realtor, ask about their year of experience in the industry. Many times a veteran Realtor can justify their commission due to their years of experience and connections. That being said, it requires both a mix of experience and marketing to properly sell a home!

You now know your agents experience and marketing plan; now ask them what would change if they were to list your home at a discounted commission. Personally, I am happy to provide a lower level of service for a smaller commission. This is a discount that results in around $2000 to $3000 in savings. For most realtors this discount will mean no open houses or owner operated open houses, and no additional marketing material. Then it is up to you to decide if the reduction in commission is worth the reduction in realtor effort!

If you have any questions please contact me!

Dayneris quintana
Dayneris quintana
We recently had the pleasure of working with Logan to sell our apartment located in Edmonton while we live in Calgary, and we couldn't be happier with the results. Logan did an excellent job making suggestion for a better sale and renovating the apartment, transforming it into a stunning space. Thanks to his efforts, the apartment sold quickly and for above the asking price. Communication was seamless throughout the process. He kept us informed at every stage regarding the renovating process and the interest and in the apartment. We highly recommend Logan Patterson for his dedication, professionalism, and exceptional results. Thank you for your outstanding service!
Clarence Bouwsema
Clarence Bouwsema
Logan helped make the whole process easier and stressful free.
Darren Rankin
Darren Rankin
Couldn't have asked for a better realtor than Logan. Hard-working, punctual, and dedicated, he goes above and beyond regardless of whether you're buying a cozy condo or a dream home. His deep understanding of the market and strong rapport with fellow realtors make the process smooth sailing. Plus, his wealth of advice and keen eye for detail saved me money by catching things others might miss. Highly recommend using his broker, especially if you're a first-time homebuyer. Thanks for everything, Logan! PS: If you're a first-time homebuyer, just use his broker. Trust me, you won't regret it!
Michael Coderre
Michael Coderre
Logan was a pleasure to work with. He made recommendations on what would be the best money spent to sell our home quickly, and even lined up the trades and provided quotes for the work. In my opinion his services are a step above my past experiences, and I would highly recommend his services to any home seller. The fact that we sold the home for over asking price with no conditions was definitely the icing on the cake! Thanks Logan.
Harry Yau
Harry Yau
The whole experience selling my property was as easy as it could have been. Logan was incredibly helpful, keeping us up to date with amount of people interested, offers, and counters on a timely basis. He gave us comparable properties to help calibrate our asking price, and kept us updated on sale trends in the Edmonton market. He worked hard for our business, is very professional, and was always understanding of our availability limitations (total of 3 partners making decisions together from 3 different cities). I would hire him again, and would certainly recommend him to anyone looking to buy or sell in Edmonton.
Jaymee Sison
Jaymee Sison
Logan made the whole sale process from start to finish very easy. I live in a different city from where the property is located so I wasn't readily available to help with the sale. Logan coordinated photos, showings and best of all, he was respectful and mindful of our tenants who were currently living in the property. Thank you for your hard work Logan. We couldn't have been happier with the sale! $21K over list price!
Reid Tames
Reid Tames
Logan was phenomenal and super accommodating when it came to helping us buy our first home! We had so many questions and were challenging with our schedule but he was able to make it all work for US! Would highly recommend to any friends and family!!
MVP Power Inc
MVP Power Inc
Logan did an amazing job! He was very patient as we had seen several houses and willing to meet us any time. He was very knowledgeable about the neighbourhoods we wanted to buy in.

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