No, you don't. In Ontario, you're legally allowed to sell your own home. For Sale By Owner (FSBO) is a fair option to consider, and I'd rather give you an honest answer than a sales pitch.
What you'd be taking on. Pricing, photos, marketing, showings, screening buyers, negotiating offers and managing conditions like financing and inspection. You'll still need a real estate lawyer to close.
When FSBO can work. If you already have a buyer, like a family member, neighbour or tenant, selling privately with a good lawyer can make sense.
Where it gets risky.
Pricing. Too high and your home sits, often leading to a lower final price. Too low and you can lose more than the commission you saved.
Exposure. Most buyers work with an agent and search the MLS®. Without it, you reach far fewer of them.
Paperwork. Deposits, conditions and closing dates carry legal weight. One poorly written clause can be expensive.
Buyer agent fees. Many buyers' agents still expect to be paid, so FSBO sellers often end up negotiating that fee anyway.
The middle ground. Commission in Ontario is negotiable. Ask agents exactly what's included, and have them show you how their pricing and marketing will net you more than they cost.
Not sure which way to go? Ask Steve. I'll give you a free, no-obligation market evaluation so you can decide with real numbers. 416-791-3665 or info@asksteve.ca.
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