Selling your home with a real estate agent might seem like the easiest path — until you see the final bill. 💸 Between commissions, prep work, and closing costs, many Ontario homeowners are surprised by how much of their sale proceeds get eaten up along the way.
Let’s break down the hidden fees and costs you should be aware of before signing a listing agreement.
💼 Agent Commissions: The Big One
In Ontario, real estate commissions typically range from 4% to 6% of the sale price — often split between your agent and the buyer’s agent.
For a $700,000 home, you could pay $35,000–$42,000 in commission alone.
🛠️ Home Repairs and Staging
Before listing, agents will often recommend that you:
- Patch drywall, fix leaks, and touch up paint
- Upgrade fixtures or flooring
- Hire a professional stager
These costs can quickly add up — and they’re paid out of your pocket long before you sell.
📸 Photography, Marketing & Open Houses
While some agents include professional photos and ads in their fee, others may charge extra. You might also be asked to cover:
- Drone footage or video tours
- Premium MLS placement or social media ads
- Cleaning services before showings
Be sure to ask what’s actually included before you sign anything.
📑 Legal and Administrative Costs
Even after a buyer is found, sellers in Ontario face additional costs:
- Lawyer fees (often $800–$1,500)
- Mortgage discharge fees
- Title insurance or adjustments
These aren’t always discussed upfront — but they’ll be on your final statement of adjustments at closing.
🤔 Is There a Better Option?
If you want to skip the commissions, cleaning, and costly delays, selling directly to a trusted cash buyer may be the better fit — especially if your home needs repairs or you’re on a tight timeline.
It’s fast, simple, and transparent — and you’ll know exactly what you’re getting.
