Back in August, a 4 bedroom home on Summeridge in the area of Sugarbush Heritage Park & 407 sold for $1,318,000. The home across the street, which was slightly smaller and less renovated, sold for approx. $1,120,000 through a discount brokerage. Meaning the seller saved $45k in commission, but sold their home for $198,000 less than 421 Summeridge.
With size and upgrades considered, the seller from across the street ended up losing $148,000 on the actual value that they should have gotten for the home vs. what a full-service brokerage could have gotten them.
421 Summeridge Dr., Vaughan, Ont.
Asking price: $1,329,000
Selling price: $1,318,000
Previous selling price: $438,153 (2005); $160,000 (2004)
Taxes: $6,347 (2019)
Days on the market: Six
To read the full article, visit: https://www.theglobeandmail.com/real-estate/toronto/article-agent-says-sale-of-vaughan-home-points-to-full-service-advantage/
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