One of the most useful things we can do for someone considering a sale is help them understand the full financial picture — not just what the home might sell for, but what the net proceeds will actually look like after all the costs are accounted for.
Nobody likes surprises on closing day. So let’s talk about what’s typically involved.
Real estate commission. In Alberta, commission is negotiable and varies. It’s typically a percentage of the sale price, split between the listing brokerage and the buyer’s brokerage. This is one of the first things to discuss clearly with your REALTOR® so there are no surprises.
Legal fees. You’ll need a real estate lawyer to handle the closing. Legal fees for a straightforward sale in Alberta typically run in the range of $1,000 to $1,500, though this varies.
Mortgage discharge fees. If there’s still a mortgage on the property, there may be fees associated with discharging it early, depending on your lender and the type of mortgage. Worth a call to your bank before you list.
Repairs and preparation costs. Whatever you invest in getting the home ready — paint, repairs, cleaning, staging — factors into your net. We always try to help our clients spend where it counts and save where it doesn’t.
Moving costs. Don’t forget the other side of the ledger. Professional movers, packing supplies, and the cost of setting up your new home all add up.
The good news: for most people who’ve owned their home for decades, the equity built up over that time means the net proceeds from a sale are genuinely significant. Knowing the full picture — costs included — lets you plan with confidence rather than anxiety.
We’re happy to walk through the numbers with you in plain language. No jargon, no pressure.
Visit us at www.The-HomeCompany.com, or reach Aimee at 403-892-3383 or Dave at 403-892-7374.
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