York Region Home Sellers: Understanding Real Estate Commissions & Agent Expenses

Thinking about selling your home in York Region? Before choosing a real estate agent, it's important to understand how real estate commissions work and what services are included.

When you hire a listing agent in GTA (Toronto, North York, Forest Hill), York Region (Markham, Richmond Hill, Aurora, Newmarket, Queensville, King City, Stouffville) , the listing brokerage receives the commission and then pays the buyer’s brokerage their portion. From there, the commission is split between the brokerages and their agents.

Agents Are Not Paid Until Your Home Closes

Unlike other professionals, real estate agents do not get paid upfront. We only receive our commission after your home has officially closed, meaning we invest our time, money, and resources with no guarantee of payment.

What Does Your Real Estate Agent Cover?

As a seller’s agent, most will cover the upfront costs to market and sell your home for top dollar, including:
✅ Professional Photography & Videography – High-quality images, videos, and drone footage to showcase your property.
✅ Home Staging – Helping your home stand out to attract serious buyers.
✅ Targeted Marketing & Advertising – Paid social media ads, flyers, and online promotions to maximize exposure.
✅ Open Houses & Private Showings – Ensuring more potential buyers see your home.
✅ Buyer Prospecting & Follow-Ups – Reaching out to agents and buyers actively looking for homes in York Region.
✅ Time, Gas & Travel – Managing in-person showings and meetings.
✅ Expert Negotiations & Paperwork – Handling offers, contracts, and legal documents.

These services come out of the agent’s commission. However, the services included may vary based on the commission negotiated, meaning some may not be available with lower commission agreements, or will lower their commission with fewer services.  

Additional Expenses Real Estate Agents Pay

On top of marketing and selling costs, agents also cover:
- Brokerage Fees – A portion of the commission paid to the brokerage.
- Royalty Fees – If applicable, for national brand affiliations.
- Annual Licensing & Education Costs – Required for legal compliance and training.                                                         -Office & Admin Fees – Transaction processing, document storage, and office space.

Choosing the Right Real Estate Agent in York Region

Some discount brokerages offer lower commissions but cut back on marketing, negotiation, and service quality. If you want to sell your home fast and for the highest price, work with an agent who invests in your success.

📞 Thinking about selling your home in GTA,York Region, Simcoe, Durham? Let’s discuss how I can help you get the best price for your home. Contact me - Bessie today!

Selling your home is an exciting journey, but it’s important to be prepared for the costs involved. Understanding these expenses upfront can help you budget wisely and maximize your profits. As your trusted real estate professional, I’m here to guide you every step of the way—ensuring a smooth and stress-free selling experience. Let’s break down the common costs associated with selling a home in Ontario.

1. Real Estate Commission

One of the biggest expenses when selling your home is the real estate commission. In Ontario, the commission is typically a percentage of the final sale price, split between the listing agent and the buyer’s agent. While commission rates vary, they generally range from 4% to 5% of the sale price.

With my expertise, you’ll get top-notch marketing, expert negotiation, and a seamless selling process to ensure you get the best possible price for your home.

2. Legal Fees

Hiring a real estate lawyer is essential to handle paperwork, review contracts, and ensure a smooth closing. Legal fees for selling a home in Ontario typically range from $1,000 to $2,500, depending on the complexity of the transaction.

3. Mortgage Penalties (If Applicable)

If you’re breaking your mortgage before the term ends, your lender may charge a penalty. This can be either three months' worth of interest or an Interest Rate Differential (IRD), which can be higher. I can help you connect with mortgage professionals who can provide clarity on your specific situation.

4. Home Staging & Repairs

First impressions matter! To attract buyers and secure the best price, you might need to invest in staging and minor repairs. Professional staging can cost anywhere from $1,500 to $5,000, but even small updates like painting and landscaping can make a big difference. As part of my service, I provide guidance on cost-effective improvements that maximize your home’s value.

5. Moving Costs

Whether you're hiring professional movers or renting a truck, moving costs can add up. Depending on the distance and amount of belongings, expect to spend anywhere from $500 to $5,000. I can connect you with trusted moving services to make your transition smoother.

6. Property Taxes & Utility Bills

You must pay property taxes and utility bills up until the closing date. If you've prepaid your property taxes, you may receive a refund from the buyer for any overpaid amounts.

7. Capital Gains Tax (If Applicable)

If the home you're selling is your primary residence, you won’t have to pay capital gains tax. However, if it's an investment property, you may owe taxes on any profit earned. I can help you navigate this process by connecting you with financial professionals who can provide expert tax advice.

Let’s Maximize Your Home Sale Together!

Selling your home doesn’t have to be overwhelming. With my expert guidance, strategic marketing, and dedication to your success, you’ll get the best results with ease.

🔹 Want to know what your home is worth?

I offer a free, no-obligation home evaluation to help you determine your home’s market value and provide personalized selling strategies.

📞 Contact me - Bessie Correa today, and let’s get started!

If you're selling a home in Ontario, understanding real estate commission structures is key to planning your sale effectively. Knowing how listing agents get paid can help you set the right expectations and make informed financial decisions. Here’s everything you need to know about the commission process and why working with the right agent can make a difference in your home-selling experience.

What is a Listing Agent?

In Ontario, listing agents have a legal responsibility to act in the best interests of their clients. This means they must provide honest advice, maintain confidentiality, disclose all relevant information, and negotiate the best possible terms for the seller. Agents role is to ensure a smooth and fair transaction while upholding professional and ethical standards. A listing agent, also known as a seller’s agent, represents homeowners who want to sell their property. Their job is to market the home, attract buyers, negotiate offers, and ensure a smooth closing process.

How Do Listing Agents Get Paid?

In Ontario, listing agents typically work on commission, which is a percentage of the final sale price of the home. This commission is agreed upon between the seller and the real estate agent before listing the property.

Who Pays the Commission?

The seller usually pays the total commission, which is then split between the listing agent and the buyer’s agent. The standard real estate commission in Ontario varies based on the agreement with your agent.

How is Commission Split?

The total commission is typically divided between the listing brokerage and the buyer’s brokerage. The specific split can vary depending on the agreement between the seller and the listing agent, as well as industry standards in the local market.

Can You Negotiate Commission?

Real estate commissions can be negotiated, but it depends on the agreement between the agent and the client. A reduction in commission may result in adjustments to the services offered. It's important to discuss with your agent to ensure you receive the level of service needed to sell your home effectively. 

What Services Do Listing Agents Provide?

Keep in mind that to obtain the best price for your home, an agent's role is to drive traffic to your property through strategic marketing and exposure. Many brokerages also offer 24/7 office access and weekend services to ensure maximum availability and support for their clients.

Why Work with Bessie Correa as Your Listing Agent?

Building an alliance with my clients and keeping them informed is my top priority. I believe in strong communication, trust, and providing regular updates so you always know what’s happening with your home sale. As an experienced real estate agent, I bring strong negotiation skills to the table to ensure you get the best deal possible. I am extremely communicative, keeping you informed every step of the way, and providing regular updates on showings, market conditions, and buyer feedback. My goal is to make the selling process seamless and stress-free while maximizing your home's value.

In addition, I provide:

• Building a strong alliance with my clients to ensure trust and transparency throughout the process

• Regular communication and updates to keep you informed every step of the way

• Exceptional customer service to guide you through every step of the sale

• Buyer follow-up to keep potential buyers engaged and interested

• Strong agent connections to maximize your home's visibility and reach

• 24/7 office access and weekend services for continuous support### Why Work with Bessie Correa as Your Listing Agent? As an experienced real estate agent, I bring strong negotiation skills to the table to ensure you get the best deal possible. I am extremely communicative, keeping you informed every step of the way, and providing regular updates on showings, market conditions, and buyer feedback. My goal is to make the selling process seamless and stress-free while maximizing your home's value.

•  Offer 24/7 office access and weekend services to ensure maximum availability and support for their clients.

Final Thoughts

If you’re planning to sell your home in Toront (GTA), Richmond Hill, Aurora, King City, Newmarket, Stouffville, Markham, Georgian, York Region, Simcoe knowing the commission structure and offerings is an important part of your financial planning. Working with a dedicated and knowledgeable agent can help you navigate the process smoothly and maximize your sale. If you’re looking for expert guidance and top-notch service, contact me Bessie Correa today—I’d love to help!

Selling your home in Toronto, Aurora, Newmarket, Richmond Hill, King City, or Simcoe is an exciting journey. However, preparing it for the market is key to attracting buyers and securing top dollar. Follow these essential steps to ensure your home is ready to shine!

1. Declutter & Depersonalize

Buyers need to envision themselves living in your space. Remove personal items, excess furniture, and anything that makes the home feel cluttered. A clean, neutral space creates a welcoming atmosphere.

2. Deep Clean Every Corner

A spotless home leaves a lasting impression. Pay extra attention to kitchens, bathrooms, and floors. Consider professional cleaning services to ensure a pristine look.

3. Make Necessary Repairs

Fix leaky faucets, squeaky doors, chipped paint, and any other minor issues. Small repairs can make a big difference in how your home is perceived.

4. Enhance Curb Appeal

First impressions matter! Mow the lawn, trim bushes, plant flowers, and power wash the driveway. A well-maintained exterior sets the tone for what’s inside.

5. Stage for Success

Staging helps highlight your home’s best features. Arrange furniture to maximize space and light, add fresh flowers, and use neutral decor to appeal to a wide range of buyers.

6. Brighten Up the Space

Let in natural light by opening curtains and blinds. Replace dim or outdated light fixtures with bright, modern options to create a warm and inviting feel.

7. Neutralize Paint Colors

Bold colours may not suit every buyer’s taste. A fresh coat of neutral paint makes rooms look bigger and more inviting.

8. Create a Welcoming Scent

Unpleasant odours can turn buyers away. Open windows for fresh air, use subtle air fresheners and bake something light like cookies before showings.

9. Take High-Quality Photos

Most buyers start their search online, so stunning listing photos are crucial. Hire a professional photographer or use natural light to capture your home’s best angles.

10. Work with a Real Estate Professional

An experienced real estate agent specializing in Toronto, Aurora, Newmarket, Richmond Hill, King City, and Simcoe will provide expert guidance, market your home effectively, and negotiate the best deal. Partnering with the right listing agent ensures a smooth and successful sale.

Ready to List? Let’s Talk! Are you thinking about selling? I’m here to help you navigate the process and get the best results. Contact me today for a free consultation and expert real estate advice in Toronto, Aurora, Newmarket, Richmond Hill, King City, Markham, Simcoe and the surrounding area!

Are you a homeowner in the Greater Toronto Area (GTA) or York Region, specifically in Aurora, Richmond Hill, King City, Newmarket, Queensville, Markham, or surrounding areas, considering selling your home? Preparing your property for sale is a critical step to ensuring you get the best value for your home. Whether you're in a bustling urban area like Richmond Hill or a more tranquil neighbourhood like King City, I’m here to guide you through the process and help you sell your home for top dollar.

1. Before Hiring an Agent: Check Your Financing Options

If you’re considering downsizing or “right-sizing” your home, one of the most important steps is to check with your lender regarding your budget. If your desired next home is a later move in terms of financing, and you currently hold a mortgage, your lender may allow you to port your mortgage to your new property. This is an excellent option if you have a favourable interest rate.

However, it’s important to note that your lender may not offer this option, but there will be other options available to help navigate the financial side of the real estate lifestyle process. If you require additional funds, a blanket mortgage may be an option to finance both properties (the one you’re selling and the one you’re purchasing). Your mortgage agent or lender will be your expert advisor here and can guide you through your specific options.

Having a real estate agent involved in this conversation early is a great idea. I can help you navigate the process, ensuring that you have a clear understanding of your budget and potential new home, all while ensuring the sale of your current property is seamless. Whether you're in a bustling urban area like Richmond Hill or a more tranquil neighborhood like King City, I’m here to guide you through the process and help you sell your home for top dollar.

2. Start with a Home Evaluation: Know Your Property’s Worth

Before you list your home in Aurora, Richmond Hill, King City, Newmarket, Queensville, Markham, or anywhere else in the GTA or York Region, it’s important to understand your home’s market value. A professional home evaluation will give you the insight you need to price your property correctly.

Why this matters:

Pricing your home right is crucial for attracting qualified buyers. If your home is priced too high, it might scare potential buyers away, while pricing too low could leave money on the table. I offer free, no-obligation home evaluations tailored to homes in your neighborhood, whether it’s in King City’s peaceful surroundings or the dynamic real estate market of Richmond Hill.

3. Declutter and Depersonalize Your Home

One of the first steps in preparing your home for sale is decluttering and depersonalizing your space. Potential buyers need to see themselves living in your home, and a clutter-free, neutral environment makes this much easier.

Tips:

• Clear surfaces like countertops and shelves.

• Remove personal items such as family photos or unique décor that may distract buyers.

• Clear out your closets and cabinets to create the illusion of more storage space and give the buyers a sense of the available storage in your home.

• Hire a professional cleaning service to ensure your home is spotless and ready for showings.

4. Make Necessary Repairs and Upgrades

Before listing your home, take the time to address any necessary repairs or maintenance issues. Buyers may notice small deficiencies like a leaky faucet or cracked tiles, which can impact their impression of the property.

Areas to focus on:

• Fix any minor repairs (e.g., leaky faucets, cracked tiles).

• Touch up any chipped paint or scuff marks on the walls.

• Consider upgrading key areas like your kitchen or bathroom to increase your home’s appeal and value.

5. Staging Your Home to Maximize Appeal

Staging is one of the most effective ways to present your home in its best light. By showcasing your property’s potential, you make it easier for buyers to imagine themselves living there.

How I can help:

Bessie Correa works with professional stagers who specialize in homes in Aurora, Richmond Hill, King City, Newmarket, Queensville, Markham, and the GTA. Whether it’s arranging furniture, adding décor, or highlighting your home’s best features, staging can make a significant difference in how quickly your home sells and for what price.

6. Clean and Organize Your Home for Showings

Buyers will be looking at every detail, so it’s important to ensure your home is clean and organized. A tidy home gives buyers confidence that the property has been well-maintained.

Areas to focus on:

• Deep clean carpets, windows, and bathrooms.

• Organize closets and storage spaces to make them appear larger and more functional.

• Ensure each room is bright, clean, and inviting to potential buyers.

7. Choose the Right Real Estate Agent

Bessie Correa specializes in selling homes in the GTA, including Aurora, Richmond Hill, King City, Newmarket, Queensville, Markham, and other areas in York Region and Toronto. As an expert in these local markets, she understands the nuances that make each neighbourhood unique.

Why Choose Bessie Correa:

You are always at my best interest. I represent you, and I take that seriously. My extensive professional career training brings ultimate client care— you will never be left in the dark. I ensure consistent check-ins and keep you informed with buyer feedback throughout the process. With me, you’ll receive personalized attention every step of the way, ensuring a smooth and successful transaction.

Communication, trust, and loyalty are the key to success in every real estate transaction. I am a negotiator who goes to bat for you, ensuring you get the best deal possible. Whether it's navigating offers or addressing challenges that come up, I’m here to ensure your interests are always protected.

Ready to List? Set Up Your Free Consultation Today!

If you’re ready to list your home in Aurora, Richmond Hill, King City, Newmarket, Queensville, Markham, or anywhere in the GTA or York Region, contact me for a free, no-obligation consultation. I’ll provide a comprehensive evaluation of your home and create a customized strategy to help you sell quickly and at the best price.

Contact Bessie Correa to book your consultation today, Let’s work together to make your home-selling experience a success!