What are the Costs of Selling a Home in Vancouver and Cities Around ?
Are you thinking about selling your BC Canada house? Before you decide to list your home up for sale, it is helpful to get a clear picture of how much it’s going to cost. You may decide to do some necessary fix ups in order to make it more appealing to buyers or Whether you are trying to facelift with a fresh coat of paint, replacing the roof membrane or just few small upgrades, there will be a few bills to pay. Or you may decide to not make any improvements.
Let’s take a quick look at some of the true costs that you’ll come across when selling your home.
Is Your Home Ready to Sell?
The first question you will need to answer is whether or not your home is ready to sell. Unless your house is fairly new, it will likely need repairs and maintenance. Depending on the age and condition of your home, you may also decide to invest in a full home inspection. Having a professional inspector look things over is a good investment – especially if they find problem areas that require immediate attention.
Hiring Professional Real Estate Agent
To get the best price for your home, you will need to be represented by a local professional real estate agent and the agent is compensated with a percentage of the sale price, which is known as a commission that you will be paying once the home sells, In some cases, the home seller also pays the commission for the buyer’s real estate agent as well.
GST, you also pay GST on commission
Annual Property Tax
It depends on what time of the year you are putting your home for sale.
The selling process will also have its costs. From notary/lawyers’ fees to excise taxes and transferring the title.
Mortgage Early Discharge Fee
It depends on your mortgage lender and the terms of the mortgage contract, you may have to pay mortgage early discharge fee to your lender when you decide to sell your home.
Moving Out Will Cost You as well
Finally, don’t forget to factor in the cost of moving to your new home, so don’t forget to budget for moving expenses, which can be significant if you are moving out of a large home with a lot of furniture.
As you can see, selling a home is a major financial transaction and getting a professional advice is smart move towards the successful sale of your home.
When you are ready to begin the process of selling your home, give me a call at 604-349-9149. I will be happy to advise you of local market conditions and ensure that you receive top dollar when you sell.
Just keep in mind you may come across with other small costs that can start to add up.
Disclaimer: This is a basic information about selling costs in Vancouver and cities around.By no means it should be consider a legal advice and costs may change at the time when you are ready to sell, so please seek professional advice.