Sell smart by budgeting right

There are a few costs to consider when factoring in the overall net profit from the sale of your home. Understanding these costs upfront will give you a better overall snapshot of what to expect after your home is sold.

Learn more

Commission Fee

4% of purchase price + hST

The commission is the percentage of money from the purchase price of the home paid to the Realtors representing both the buyer and the seller. This amount compensates Realtors for their services and is typically covered by the seller.

Legal Fees

~1% of purchase price - $2,500*

A lawyer is used to fulfill the legal requirements of transferring home ownership, carry out mortgage instructions, perform title searches and closing cost adjustments.

Mortgage Discharge Penalties

If your home is currently under mortgage with a lender, there can be penalties for switching lenders or exiting the contract early when selling your home. This usually comes in the form of a small penalty or discharge fee.

Utility + Property Tax Adjustments

When selling your home, you are responsible for all of the utilities and property tax until the day of closing. Lawyers ensure that if you have not already paid your property taxes up to this date, the money is set aside from the profits to do so. If you have paid for utilities in advance, the money is rebated back to you, pro-rated to the day of close.

Getting ready to sell? Let us handle it.

Our team of dedicated local realtors are here to make your real estate journey as simple and transparent as possible. We work to ensure you don't pay more than you need to — keeping more money in your pocket while finding you your dream home.

Contact us