Joel DyckReal Broker SK Ltd.
Saskatoon · From the topic map

How much money do you actually save selling for sale by owner?

The savings is smaller than it looks, since for sale by owner does not eliminate the buyer's agent commission, only your own listing side. Commission in Saskatchewan is negotiable and often tiered, so the Saskatchewan REALTORS Association's data implies you save one side of a two-sided fee, not the whole thing.

Most buyers in Saskatoon are represented, and their agent still expects to be paid, typically out of the sale proceeds under the listing arrangement a for sale by owner seller has to negotiate separately. So the realistic saving is the listing side only, minus whatever a lawyer, photographer and MLS access provider charge to replace what an agent normally bundles in.

Legal fees for a seller run $800 to $1,500 regardless of who lists the home, since a lawyer closes every Saskatchewan sale. That cost does not go away with for sale by owner, and neither does the work of pricing, marketing, and negotiating an offer, which now falls entirely on the seller.

Whether the remaining saving is worth the time and risk depends on your specific home and situation. Get your hand-reviewed valuation from Joel Dyck.

Get your hand-reviewed valuation from Joel Dyck.

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