Author Topic: Fees associated with selling your house  (Read 1288 times)

Dmy0013

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Fees associated with selling your house
« on: November 13, 2016, 07:44:08 AM »
Our family is quickly outgrowing our current residence, and we are throwing the idea around about moving. (we live in Canada)

This is our first home, so the selling / closing costs / realtor fees is all new to us.

Our home is worth roughly 260,000 - Does anyone have a ball park number of what all fees would roughly add up to?  assuming I have a realtor do everything for me.

Second question does anyone have any experience selling their own home?  I have seen a few companies for a much smaller fee (500$) will give you the basic paper work and access to the online listing services - does anyone have a suggestion for a CANADIAN company that does this?

KMMK

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Re: Fees associated with selling your house
« Reply #1 on: November 13, 2016, 08:50:58 AM »
Comfree is the big one. They've been good in my experience of buying and selling.

daverobev

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Re: Fees associated with selling your house
« Reply #2 on: November 13, 2016, 09:49:43 AM »
Realtor fees about 2.5% each side, so 5% (can be negotiated I think).

There are a lot of "listing only" services, but you'll still pay the buyer's agent 2.5%.

Anything related to closing your mortgage, if you're not porting. Title insurance? Not sure who pays that here. Any unpaid property tax - might go either way, a refund from the buyer or something you have to pay. Legal costs.

http://www.fcac-acfc.gc.ca/Eng/forConsumers/lifeEvents/owningHome/Pages/Netproce-Produitn.aspx

On $260k assuming you get that, 5% is $13k; plus say $1k for legals.

Fucking ripoff, IMHO.