Seriously, stop using RE agents to sell your home.

6% made sense when a house was 50k.6% doesn’t make sense when you’re selling a 500k house.Losing out on 30k to have someone act as a go between isn’t worth it.I just sold a house in Moncton NB, private sale. Here’s a break down on costs and what if costs, my house sold for roughly 300k.Private sale: $46.42. The cost of a sign and some basic stuff required for an open house. Free advertising on Facebook and Kijiji.Property guys: $999+ Tax. This was my plan B. Didn’t have to do it.Agent: Roughly 18k. Lol no ty.Also, I was going to have to pay lawyer fees regardless of how to sold my house so I chose to pay slightly higher lawyer fees to have my lawyer handle the entire transaction than that pay both a lawyer and an agent.Selling my home was extremely easy. I took some photos, posted it online and had a 2 day open house, once I got an offer I liked we signed a contract provided by my lawyer, after the buyer had their inspection, financing and insurance firmed up I submitted all the documents to my lawyer and she handled the rest.Handling the sale myself wasn’t bad, I see the value in using a agent if you’re buying from a different province or something but with the current market and these inflated housing prices paying someone a percentage to sell a house makes no sense at all.The RE agent industry needs a rework. via /r/PersonalFinanceCanada https://ift.tt/33ReTfi