COSTS INVOLVED

When you sell your home, you incur some costs.

The good news is that getting your home up for sale doesn’t cost a lot of money.

Upfront Costs: 

Costs that you will have upfront will include anything involved in preparing your home for sale.  For example, if the home needs a fresh coat of paint, or if there were leaky faucet in the bathroom that must be repaired before you go to market.

Aside from getting your home in tip top shape, you don’t incur any other costs.

Closing Costs:

Before you can close on your sale, you must clear the title of any financial charges.  These could include:

- Outstanding Taxes

- Outstanding Strata fees, fines, or special assessments that have been passed.

Real Estate Fees

The legal fees charged by most Lawyers and Notary's to transfer or sell a property are in the range of $850.00 - $900.00 + 5% GST.

The commission rate that my company, RE/MAX Crest Realty (Westside) recommends that we charge for the high level of service that we provide is 7% on the 1st $100,000 and 3% on the balance of the sale price.

For example if you were to sell your property for $500,000, the commission would be $19,000.00. Since this is a service, 5% GST of $950.00 is also applicable.

So the total commission + 5% GST payable by the Seller on a sale of $500,000.00 would be $19,950.00.