Myth 1:

Your Real Estate Brokerage must have the biggest, boldest, and the most intense advertising to be effective in selling your home.

Reality 1:

Advertising like this might be good for the brokerage, but how does that benefit you? Most homes sell via the MLS® system and usually involve two REALTORS®; the one who represents you, and the one who represents the buyer. So, it really doesn't matter how much advertising the brokerage does. Your biggest exposure comes from your home being part of the MLS® system where all properties are treated equally. Only a small percentage of homes sell via newspaper advertising, open houses, Internet advertising, and the brokerage "for sale" sign.

Myth 2:

The more sales representatives a brokerage has the more effective it is in selling your home.

Reality 2:

Normally, you will only have one representative who is helping you sell your home, or perhaps two if it's a partnership ( just like here at Lil Wilkinson Realty ). All the other members of the brokerage will have no direct interest in your home unless they have a prospective buyer. And they'll find your home via the MLS® system not because a colleague has you listed underneath the brokerage's name. It's the owner(s) of the brokerage who benefit from having an increased number of sales representatives because they'll make more money in the long run. Company size has no direct benefit to you.

Myth 3:

Members of bigger, nationally, franchised brokerages are the best "negotiators" and the most experienced REALTORS®.

Reality 3:

Large brokerages have their fair share of "both" experienced REALTORS® and new members fresh out of school. This is one reason why their membership is as high as it is. If you call a large brokerage and request a REALTOR® to come and list your home the owner of the brokerage will normally send the next REALTOR® on the rotational list of opportunities. There is no guarantee that this member will be an experienced negotiator.

Myth 4:

You might hear... Companies that give you a discount rate in the commission will give you discounted service because of it. So, they won't be as effective in selling your home as our bigger, nationally, franchised brokerage.

Reality 4:

Every brokerage has its own set of policies, including setting commission rates and the service you'll receive for it. Here at Lil Wilkinson Realty we have two commission packages available depending on your needs. Our rates start as low as 2.9% (+gst), which includes full MLS® service and a variety of other helpful benefits which you can read about by clicking here.