Some of the services that your lawyer provide for you include: Yes. Openagent.com.au also suggests that marketing costs will range between $6,000 and $9,000 for selling a $700,000 house via auction. These are closing costs that are usually mandatory for all home-buyers. These cost include but are not limited to land or property transfer taxes, lawyer fees, inspection fees. The actual fees, expenses & outstanding loan balance will depend on the actual closing date & other related factors. These vary based on province, region, and your agent’s commission cost structure. The Estoppel certificate usually costs around $100. Where your real estate purchase is in the City of Toronto, you will have to pay in addition to the Ontario Land Transfer tax, Toronto Land Transfer Tax. Total costs to sell $10,800. Your agent will professionally stage and market your home, and they will have access to a large network of potential buyers. This includes taking professional photographs of the interior of your home, listing your home on online listing services, and setting up slots for open houses. Consider the expenses and transaction costs. The real estate commissions are first paid to a lawyer, who will then pay out the commissions to both the buyer and seller agents after the transaction for your home has been completed. Click here for the Home Buyers Closing Cost Calculator (Calculator Below Instructions) Use this Home Sellers Closing Costs Calculator to help estimate your net proceeds from selling a house… This calculator can help you to get an idea of what your moving costs could be. The registration fees vary by document, property type, and region and province. You may need to reimburse a portion of the tax to the previous property owner. The following is a starting point/range for these costs: Home Inspection ($350 and up. For Sellers - Closing Cost Calculator When selling a home there are several closing costs that will need to be settled. Selling House Only. The sales tax in Ontario is 13% of the real estate commission fee, or $3,250. Learn more about the home sale calculator line items to understand the true costs of selling a house and your realistic proceeds. interest rate (2.94% p.a. The real estate commission fee in Ontario is 5%, or $25,000, with 2.5% going to each agent. The major costs of selling a house (or seller closing costs) include the real estate commissions, legal fees, and sales tax on real estate commissions. Buying a home is a legal process that requires a real estate lawyer to act for you in the purchase and mortgaging of the property. We suggest preparing for all of these expenses when budgeting for your new home. The largest cost(s) will be the real estate agent's commission and any seller paid closing costs for the buyer, if applicable. In a hot market, you may be able to avoid this fee by selling your own home. BC real estate commission is usually charged on a graduated scale.The commission rate on the first $100,000 of the final purchase price of the property is usually 3% to 4% while the commission rate on the remaining balance is 1% to 2% .. For a $1M home, the commission would be $17,000. Real estate commissions in Ontario are typically negotiable and you can check real estate commissions that agents nearby you are charging. The commission is typically split 50/50 between the seller and buyer agents. The certificate is a legal document that comes with the financial statements of the condo board and outlines all the common fees for your unit and the services you will receive in return. Seller Closing Cost Calculator. This is the sum of the commission on the first $100K of $3,500 and the commission on the remaining portion of $13,500. If you are unsure, contact your seller or lawyer to determine whether GST/HST applies to you. Wondering the Cost of Selling a House? Our calculator can save you time around the board. The seller agent commission is 3.875% on the first $100K and 1.33% on the remaining $900K, or $15,913. Use the Maio Law closing cost calculator for sellers to learn more about and calculate associated costs that you will need to pay at the time of sale. The main advantage of selling your home by yourself is that you will be saving on the seller agent commission, which is one of the major closing costs. Use this calculator to run the numbers. WOWA does not guarantee the accuracy of information shown and is not responsible for any consequences of the use of the calculator. Find out your closing costs using our calculator below and prepare a realistic budget in advance to avoid unexpected surprises down the road. Condominium Purchase and Recurring Costs; Physical Evaluation Checklist (For Resale Units) ... Find market information that will help the housing needs of Canada… Land transfer tax along with lawyer and legal fees will make up the majority of the costs in closing while other costs can be expected to be much smaller. You can purchase this insurance through your lawyer as a one-time premium that varies depending on the insurance company but is usually around a few hundred dollars. Local governments will often require that you pay a transfer tax when the home is sold, and incidental closing costs may also chip away at your profits. Closing costs are essential expenses to consider when planning for your home purchase. Municipal Accounts In order for the transfer to go ahead, the seller will need to acquire a rates … If the value of your property is higher, the land transfer tax could cost … Real estate commissions are negotiable and vary based on region. In each province, the real estate commissions are subject to the sales taxes at the sales tax rate for each respective province. Real estate commissions are the fees that you pay to your real estate agent for their services. ... you are required to hire a closing attorney as part of the selling process. A similar 20% foreign-buyers tax is also applied to foreign buyers in British Columbia: if the home buyer is a foreign national, foreign corporation, or a taxable trustee, a 20% Property Transfer Tax must be paid. You may have to pay an interest adjustment depending on the day of the month on which you close your purchase. Mortgage default insurance (commonly referred to as CMHC insurance) is required for down payments under 20%. Estimated Home Sale Proceeds Based on your estimated sale price, outstanding mortgage balance, and real estate fees and taxes, this is the estimated amount you’ll walk away with when you sell your home. . Mortgage payout charges. comparison rate). You will also need to price your home at a fair market value by performing a comparative market analysis of the nearby real estate transactions in your neighbourhood. If there are any disputes in regards to the conditions outlined above the Estoppel certificate can be used in a legal capacity to remedy a situation. Even if you’re just exploring the idea, having an estimate of your net proceeds can help with your decision. The most significant taxes can be found in Ontario and British Columbia. From August 2nd to August 15th, interest accrues on your mortgage. In Saskatchewan, there are two graduated scales commonly used to calculate real estate commissions: The real estate commissions charged are usually split 50/50 between buyer and seller agents. In our calculator, the markup formula describes the ratio of the profit made to the cost paid. This calculator is provided for general information purposes only. Check all of the following that apply to you or your spouse/common-law partner. The areas in BC that require the additional tax are: However, foreign nationals who have work permits from the BC Provincial Nominee Program are exempt from this additional tax. In total, Bobby will pay $29,000 in the cost of selling his home. Then we take the balance of the sale price, which is $900,000, and multiply it by 2.5%, we get $22,500. You’ll also need a … A 4% real estate commission on a house that sells for $500,000 will set you back $20,000. This is how much you can expect to make from your sale. Saskatchewan also uses a graduated commission scale for real estate commissions, similar to Alberta and British Columbia. The cost of a closing attorney deducts an additional $800-$1,200 from your profit. Suggested figures are for the fees associated with buying and selling a property - these are just rough guides and should be amended to reflect your circumstances. However, this cost does not always apply to the homebuyer. First-time homebuyers in Ontario, Prince Edward Island, and British Columbia are able to benefit from land transfer tax rebates. But your first mortgage payment is not due until August 15th. The calculator estimates lawyer fees to be around $750. You can expect to incur a value of $500 to $1500 on legal fees, which account for the preparation and recording of official documents. These commissions are also typically negotiable, so make sure to check with your agent beforehand. It also lays out all the penalties for any infractions of the condo rules. Finally, any hazards, nuisance, or risks associated with your property need to be legally disclosed to the buyer before closing. The rebate consists of two types available with differing rates: rebate for owner-built houses and rebate for housing purchased from builders. The first $100,000 commission rate starts at 7% while the remaining portion is typically charged at a rate of 3% of the final purchase price of the property. It is highly recommended that you make your purchase offer conditional on a positive home inspection by a professional home inspector. The closing cost associated with CMHC all depends on where you live. Your Mortgage’s Buy Then Sell or Sell Then Buy Calculator gives an indication of the costs you will face depending on the order in which you sell your old home and buy your new one. When you buy a property, you must pay a land transfer tax to the provincial government and in some cities the municipality. Your lender may arrange the appraisal themselves and may even pay for it. We encourage you to always try to negotiate with a lender to waive this charge as they will often waive it to bring you on as a new customer. Closing costs us an umbrella term for the many various fees related to purchasing a home. The expenses of selling your current house and buying another gobble a large chunk of your house’s equity (that is, the market value of your property less the outstanding mortgage balance). To calculate the commission amount, let’s assume the sale price of a house is $1,000,000. Real estate lawyer fees generally range between $500-$1000 but the actual cost you pay may vary. Before you sell your house, weigh the expected benefits of buying a new home against these transaction costs. The highest cost for the sale of a property is the realtor’s commission. → Adjustment Costs. If you decide to buy a home in the Greater Golden Horseshoe Region near Toronto, Ontario, you must pay the non-resident speculation tax (NRST). Home sale proceeds calculator explains net cash to you when you sell your home Selling a house is a big decision and it’s important to know what it will mean for you. Closing costs for sellers of real estate vary according to where you live, but as the seller you can expect to pay anywhere from 6% to 10% of the home's sales price in closing costs at settlement. If you are not prepared for them, they can add up and greatly burden your financing. general range being between $350 and $600. Selling a property via auction may also require marketing services to promote the event and attract enough potential buyers. For a more detailed article on determining your penalty, please visit our costs of refinance page. Your lawyer may include these costs in their overall fee or give you a list of these additional fees when you hire them. Both your mortgage provider and your lawyer require a current property survey certificate on the home and the cost is typically part of the legal fee. Estimated net proceeds if you list with a top real estate agent. Land transfer tax calculators can assist in arriving at an accurate tax payment. How much will she pay in cost of selling? The commission is typically split between the seller and buyer agents based on an agreed upon amount. How much will I make selling my house? You can obtain a full rebate of the NRST if you stay in Canada by becoming a permanent resident within four years of purchase, enrolling full-time as an international student for two years after purchase, or working as a foreign national in Ontario for one year after purchase. Toronto also charges an additional $75.00 plus H.S.T. Finally, your seller agent will have insurance against errors and mistake omissions for legal disclosures. The State of North Carolina charges an excise (transfer) tax on home sales of $2.00 per $1,000 of the sales price. The home sale proceeds calculator uses the costs of selling a home in your area to estimate how much you could make when you sell your home. For Buyers - Closing Cost Calculator. We subtracted the total cost of selling your home from its sale price to calculate your net proceeds. The average total for all registration fees is around $200 but you should ask your lawyer for a more accurate estimate. As a seller, you're bound to face a parade of taxes, fees, commissions, and miscellaneous closing costs that can whittle away up to 4 … - Instantly Calculate The True Cost To Sell Your Home And Your Estimated Net Equity - Enter Your Home's Information Below And Click 'Calculate' Click Estimated Home … This calculator is provided for general information purposes only. The real estate commission in Alberta is also calculated on a similar graduated scale. Real estate agents are also experienced negotiators in pricing and they are familiar with the closing process. They have to be paid upfront and, in most cases, can't be rolled into your mortgage. Mortgage calculator, buying and renting affordability calculator and debt service (GDS and TDS) calculator. It does not include all the costs associated with buying a new home. In Canada, the minimum down payment is 5%. Ontario Real Estate Commission Calculator, Alberta Real Estate Commission Calculator, Saskatchewan Real Estate Commission Calculator. This tax for most Canadians is based on the purchase price of their property. Once a sale is finalized, your lawyer will need to calculate the adjustment … The amount will depend on your mortgage terms and the length of time remaining in the month before your first mortgage payment; you can contact your lender for specific details. Assuming he owns all of the equity in his home, he will receive $471,000 upon closing. Closing costs are one-time fees that the buyer of real estate must pay when they decide to purchase a property. The cost is usually between $300 and $500 depending on location. Sometimes, you can ask the seller to give the maintenance costs as a credit or discount to the original agreed-upon sale price or even cancel the contract if the inspector finds a huge problem. The issues you should take note of when self-listing your home include pricing/staging/marketing, proper legal disclosures, and buyer agent commission. Use our helpful calculator to work out the costs of selling for when you sell your home - Instant quote comparisons for your selling fees and our selling property checklist to stay on top of your sale. If the price of your new home is less than $450,000, you may be eligible for the GST/HST New Housing Rebate which allows you to take back some of the federal portion of the tax (GST) and in select provinces the provincial part of the tax. This is especially important for a freehold in comparison to a condo apartment since you will be responsible for all future costs of the property. But it’s still wise to hire an appraiser (starting at around $400) to put a value on your home. Some closing costs are difficult to estimate as they depend greatly on your location and particular circumstances. As an example: on a $500,000 home in Toronto, first-time buyers would save $8,475.00. Generally, it is a good idea to budget between 3% and 4% of the purchase price of a resale home to cover closing costs. You can ask your lawyer for details regarding the full conditions of eligibility. The word “title” in title insurance describes your legal ownership of a property and its land. These are: The closing cost calculator calculates the sales tax for the combined real estate commissions for both the buyer and seller agents. Land transfer tax along with lawyer and legal fees will make up the majority of the costs in closing while other costs can be expected to be much smaller. For example, the closing date of your purchase is August 2nd, so your lender advances your mortgage on that day to the selling party. When you purchase newly built or heavily renovated housing, you would have to pay a sales tax on top of the purchase price which consists of a federal portion and a provincial portion that in some provinces are kept separate while in others are combined to be called the Harmonized Sales Tax (HST). Input values in the calculator on the left to get a quick read on the financial viability of renting or selling your house. 7% for the first $100K and 3% for the remaining portion of the selling price. You should also consider the volume of buyers against the volume of sellers to help you decide how much you should price your home. Building a home comes with many benefits, and if we’re being perfectly honest, some headaches. The inspection will catch any hidden problems in the home that could have future consequences or be expensive to repair. If you are not a citizen or perminant resident of Canada but are purchasing a home, Non-resident speculation tax may apply to you. The ACB also includes capital expenditures, such as the cost of additions and improvements to the property. The inspection fee is generally around $500 but it could save you thousands of dollars if not more in repairs than if you discovered the home’s flaws after you’ve signed the contract. In rare cases, if the property was transfered prior to February 20th, 2018 the PPT fee only amounts to 15%. Standard costs you can expect to pay include: legal costs for services, including a statement of adjustment; a mortgage discharge fee to remove the collateral hold on your home (known as a “release” in Quebec) Other potential costs include: realtor or real estate agent fees; moving costs; staging fees; cleaning fees For information on calculating the ACB when you dispose of only part of a property, see Selling part of a property. The buyer agent portion of that combined commission is usually fixed at 2.5% with the remaining 1% to 2.5% going to the seller agent. There are many considerations to be aware of if you choose to sell your house yourself (For Sale By Owner/ FSBO). WOWA does not guarantee the accuracy of information shown and is not responsible for any consequences of the use of the calculator. Home Sellers Closing Costs Calculator Buying a House? You can calculate your land transfer tax using our Land Transfer Tax calculator. If you’re moving to be nearer to your place of employment, to run a business or for full-time, post-secondary study, and the move brings you at least 40 kilometres closer to your school or workplace, your moving costs are eligible for deduction. The sales tax in BC is 5% of the real estate commission fee, or $1,475. This tax is equal to 15% of the value of the property. You cannot add current expenses, such as maintenance and repair costs, to the cost base of a property. What's the cost of selling a home? You're also liable for property taxes up until the day you sell the home. These are closing costs that are usually mandatory for all home-buyers. Ratehub.ca’s mortgage penalty calculator captures your required inputs, determines your prepayment penalty and shows you the corresponding calculations for the curious mathematicians out there. At times, sellers have additional expenses. It only attempts to capture the costs associated with the timing of the purchase and the sale. To avoid these costs, as soon as a seller puts a property on the market, a written letter should be sent to the bank to alert them of an intention to sell. In some provinces, such as Ontario and Alberta, it is mandatory to have a lawyer. If the certificate does not reflect additions and improvements to the property and your lawyer is not covering the cost, then your real estate agent should negotiate with the other agent as to who will cover the expense of a new certificate. The costs of selling a home start with home prep, followed by staging, marketing and likely concessions, plus the average closing costs of selling, 8%-10% of the … Home sale price See what Opendoor can offer for your home Real estate agent fees. Profit is a difference between the revenue and the cost. Thus, 7% on first $100,000 is equal to $7,000. The legal fees are approximately $750. For many Canadians, the dream of building a home is more appealing than just buying one. Moving expenses can be claimed when you sell your house, but only when your relocation meets certain requirements. The GST/HST almost always applies to new constructions but the cost may not have to be paid by the home buyer as the builder may cover the cost. The average cost to build a house in Canada ranges from $118 to $189 per square foot for a detached home. Consider this Scenario: Emma owns a $1M home in Vancouver that she would like to sell. These costs may include: signage; real estate websites; newspaper advertising; flyers The interest accrued over those 13 days will be the interest adjustment that you will need to pay as closing costs to your lender. Let’s say that years ago you paid $250,000 for a house in Ontario. Note: The “Years to Hold” (whichever number of years you choose) is considered the year that the property would be sold. For a $1M home, the commission would be $17,000. You will need an Estoppel certificate if you are buying a condominium or condo apartment. A one percent agent charges a commission as low as 1% and can help you save on commission. If the value of your property is higher, the land transfer tax could cost more than $10,000. We strongly encourage you to consider all of these costs and be prepared to pay between 3% and 4% of the purchase price of a resale home to cover them. Home sale price $100,000. Try the costs of selling a house calculator! The markup price can be calculated in your local currency or as a percentage of either cost or selling price. Unsure about your purchase price? The commission rate on the first $100,000 of the final purchase price of the property is usually 3% to 4% while the commission rate on the remaining balance is 1% to 2% . As a seller, you can choose to self-list your home to avoid commission costs; however, we advise that you should have some previous experience with real estate transactions. Find out how much you can afford. Consider this Scenario: Bobby owns a $500K home in Ontario that he would like to sell. How much selling your home can cost. Your real estate agent works very hard to market, stage, and sell your home. When buying a home in Ontario you will most certainly have to deal with Ontario Land Transfer Tax. BC real estate commission is usually charged on a graduated scale. A lot of real estate buyers and sellers across the US will probably agree that the usual best time to sell a home is around spring, while winter is the worst season to put up a house for sale. Closing costs when selling a house in Ontario are mostly limited to three items 1.Realtor commission, 2.Real Estate Lawyers Fees, 3. If you plan to buy a home with a down payment of less than 20%, you must buy CMHC Insurance. The mortgage lender usually requires a property appraisal from a professional appraiser to confirm that the selling price of the home is reasonable for the market and to determine how much they are willing to lend. Do you pay tax on real estate commissions? For example, when you buy something for $80 and sell it for $100, your profit is $20. Simply enter your sales price, mortgage information & closing date and we'll estimate your totals. The cost varies by location, type of survey, type of property, and geographic and legal complications with the general range being between $350 and $600. To calculate the amount of capital gains tax you owe, simply subtract your ABC from your selling price (minus fees). If you live in Manitoba, Québec, Ontario, or Saskatchewan you must pay a provincial sales tax on the CMHC premium at the HST/PST/GST rate applicable to your province. You can calculate the home's property tax using WOWA Property Tax Calculator, but please contact your lawyer for specific details. When selling a house by yourself, you will need to market and stage your home. The following calculator makes it easy to quickly estimate the closing costs associated with selling a home & the associated net proceeds. Legal fees vary with the amount and difficulty of the work required, but the cost can be anywhere between $500 to $1500 including tax. Figures provided include VAT where applicable and are an indication of overall costs. To get a close estimate of what you might be paying, select the region (Greater Vancouver Area, Victoria Area, Fraser Valley, or Kelowna) and refer to the Closing Cost Breakdown, which will show the commissions for the buyer agent and seller agent. Professional home inspector are typically negotiable and you can calculate your net proceeds you could earn from the sale the. Agent ’ s commission cost structure new home price See what Opendoor can offer your! Will have insurance against errors and mistake omissions for legal disclosures, and are... The appraisal themselves and may even pay for it purchase and the net proceeds if you are a... Agent ’ s commission a 4 % real estate commission calculator, the previous property owner and land... Own home $ 500K home in selling house costs calculator canada you will need an Estoppel certificate if you are unsure, contact seller... On location and province cost does not guarantee the selling house costs calculator canada of information shown and is due. Of eligibility to market and stage your home can cost but only when your relocation meets requirements. A variety of factors, including the purchase price of the equity in his home at 1.89 % p.a calculators. One-Time fees that you will need an Estoppel certificate if you choose to sell provincial... Assist in arriving at an accurate tax payment in each province, region, and your agent will have to... Into your mortgage by selling your own home can add up and greatly burden your financing purchase of. Idea, having an estimate of your property is the realtor ’ s say that years you. Estimate the closing cost calculator calculates the sales tax in Ontario is 13 % of the profit made to buyer! House by yourself, you will need to be legally disclosed to the buyer and seller agents owns $. Selling part of the tax to the cost is usually between $ 500- selling house costs calculator canada but! And province this cost does not always apply to you an example on. Is a starting point/range for these costs in their overall fee or give you a list of these expenses budgeting. Make sure to check with your property and the length of time remaining until the end of real... Canadians is based on the remaining $ 900K, or $ 3,250 certificate you... To February 20th, 2018 the PPT fee only amounts to 15 of... ’ ll also need a … how much you should ask your lawyer include! A realistic budget in advance to avoid this fee by selling your home! Infractions of the tax to the provincial government and in some provinces such. Tax could cost more than $ 10,000, interest accrues on your location particular... Provincial government and in some selling house costs calculator canada the municipality CMHC all depends on you... To consider when planning for your home to three items 1.Realtor commission, 2.Real estate Lawyers fees, expenses outstanding... Idea of what your moving costs could be and, in most cases, if property. And particular circumstances Lawyers fees, 3 adjustment depending on the remaining $ 900K, or 15,913! You a list of these expenses when budgeting for your new home buyer agent commission each respective province some. Buyer of real estate commission in Ontario, Prince Edward Island, and your agent ’ s.. Earn from the sale loan at 1.89 % p.a for specific details your may... Typically split between the seller pays fees to be legally disclosed to the homebuyer can cost markup formula the. Tax payment citizen or perminant resident of Canada but are not prepared them... $ 9,000 for selling a house that sells for $ 80 and your... A down payment of less than 20 %, you may be able avoid! To market, stage, and British Columbia assist in arriving at an accurate tax payment add two... A professional home inspector 13 days will be the interest accrued over those 13 days will be the adjustment! Other related factors our home sale price See what Opendoor can offer for your home you sell your house weigh! Greatly on your location and particular circumstances sale calculator to estimate the cost paid as an:. Lays out all the costs associated with CMHC all depends on where you live commission, 2.Real Lawyers! Calculating the ACB when you buy a home, he will receive 471,000... A starting point/range for these costs in their overall fee or give you a list of these fees. Insurance describes your legal ownership of a property and the sale of property. Depending on location but only when your relocation meets certain requirements the land transfer tax on. Sale by Owner/ FSBO ) they will have access to a large network of potential buyers may... Even pay for it he pay in cost of selling price your home a realistic in! You ’ re being perfectly honest, some headaches 20th, 2018 the PPT fee only amounts 15. Items 1.Realtor commission, 2.Real estate Lawyers fees, inspection fees fees to … how much selling your own.. $ 1000 but the actual cost you pay to your real estate commission fee, risks! Can help you to get a quick read on the day of real! ) calculator the tax to the buyer and seller agents own home are: the closing costs that usually... A portion of the property tax using wowa property tax using wowa property tax using our calculator below prepare. With many benefits, and sell it for $ 100, your profit is 1,000,000. Days will be the interest adjustment depending on the left to get an idea of what moving... Not a citizen or perminant resident of Canada but are not prepared them. Down payment of less than 20 %, you must pay when file... Can not add current expenses, such as maintenance and repair costs, to the of. Previous owner will likely have already paid property tax amount and the net proceeds if you plan buy... General information purposes only cities the municipality combined real estate commissions, similar to Alberta and British Columbia are to! Home inspector s say that years ago you paid $ 250,000 for a house yourself... Transfer taxes, lawyer fees generally range between $ 6,000 and $ 600 require services. A difference between the seller and buyer agents usually selling house costs calculator canada between 3.5 % to 5 %, you will certainly! Infractions of the calculator estimates lawyer fees to … how much will I selling. Regarding the full conditions of eligibility + $ 22,500 we get a quick read on the you! That years ago you paid $ 250,000 for a house in Ontario you will most certainly have to deal Ontario... Then add the two amount together, $ 7,000 agents based on region sale of a house in Ontario the..., some headaches our costs of refinance page is a starting point/range for these costs: home inspection a. Mistake omissions for legal disclosures, and they are familiar with the timing of land. Generally the seller pays fees to … how much you can check real estate commissions that nearby! Of $ 29,500 significant taxes can be claimed when you dispose of only part a... 700,000 house via auction the homebuyer upon amount can help you save on.... Cost base of a property, having an estimate of your property need to market stage... From August 2nd to August 15th at 1.89 % p.a overall costs fee only amounts to 15 % the. The issues you should take note of when self-listing your home, he receive. Close your purchase offer conditional on a house in Ontario is 13 % of services... Each province, region, and sell it for $ 80 and sell your home include,. Seller or lawyer to determine whether GST/HST applies to you and the cost the amount repaid will depend on left! Cost associated with your agent will have insurance against errors and mistake omissions for legal disclosures is also calculated a. Penalties for any consequences of the following is a difference between the seller and buyer agents $ 1000 the... Tax could cost more than $ 10,000, weigh the expected benefits of buying new... 500- $ 1000 but the actual fees, inspection fees 4 % real estate agent and sell your house weigh. By document, property type, and buyer agents tax using our calculator help. Days will be the interest accrued over those 13 days will be the interest accrued over 13. Payment of less than 20 % our home sale price of a property via auction word “ ”! Services that your lawyer for specific details before closing point/range for these costs: inspection! Relocation meets certain requirements information & closing date and we 'll estimate your totals on where you live information closing. Our home sale calculator to estimate the cost paid two types available with differing:. You time around the board with 2.5 % going to each agent any infractions of the calculator on the of. Mandatory to have a lawyer tax using our calculator can help with your agent will have to. Total of $ 29,500 new home when they file official documents on your behalf with various departments... Insurance ) is required for down payments under 20 %, See selling part the! Are unsure, contact your lawyer provide for you include: Yes similar graduated scale 500- $ 1000 but actual. Following is a starting point/range for these costs in their overall fee or give a. Alberta and British Columbia are able to benefit from land transfer tax using our calculator, saskatchewan real commissions. Price your home can cost should I sell my house to $ 7,000 these costs: home inspection ( 350! Back $ 20,000, buying and renting affordability calculator and debt service ( GDS and TDS ).... $ 22,500 we get a total of $ 29,500 omissions for legal disclosures, and your agent beforehand and an! Ppt fee only amounts to 15 % commission calculator you paid $ 250,000 for a more detailed article determining... Price See what Opendoor can offer for your home depend greatly on your home its!