When you are selling your home, it is important to understand and be ready for all of the costs you might encounter.
It’s also important to understand how you can make educated decisions that help you to save more, retain equity, and get the most out of your home sale.
What are your costs of a transaction?
This is 100% dependent on the condition of your home. You may decide to do minor repairs – paint a wall, weatherstripping, fix dings in walls (~$500) or major jobs (repairing a roof, resurfacing a floor, electrical, or plumbing work. It is a good idea to get a quote from a reputable pro for this work. Click here for the top Prōs in Alberta.
The buyer might also insist on some “fixes” as a condition to sell.
Photography & Measurements
Professional photos are highly encouraged and measurements are required if you want to post on MLS. All in, these will cost anywhere from $350+ depending on the size of your home. If you list your home with Bōde, they will cover the costs of these services.
To stage or not to stage? Staging can run from $1,500+ depending on the size of your home and how much you decide to stage. Find a stager here.
This is an important penalty you should be aware of ahead of selling your home. Depending on the contract and timing, these fines can be quite hefty and might make selling your home quite expensive. Sometimes, the bank will port your mortgage over to your new home which might reduce the penalty.
Here is a biggie. If you decide to sell you home with an agent, they typically charge 7% on the 1st $100,000 and 2.5% on the balance of the sale price for properties in Vancouver. Around half (50%) of the 7% on the 1st $100,000 and 2.5% on the balance is payable to a buyer’s agent who brings the seller an offer that completes at the Land Titles Office.
There are other options to avoid some of these costs. If you chose to sell with a traditional agent you will typically incur the costs of the buy side agent. Of course, if you sell without an agent, or sell to a buyer without an agent there are significant savings there. Bōde has created a platform were you can sell your own home and only pay 1% of the sales price. Bōde sellers save an average of 50% of the commissions on the sale of their home. Bōde also attracts self-represented buyers so that you may save on the buyer’s agent side as well!
You will need a lawyer to finalize the deal as well as clear disbursements. This fee can be $875+. Need a lawyer? Click here for the top rated lawyers with upfront pricing
A Survey Certificate is sometimes needed when selling your home in Vancouver. These start at $550 in BC but the price can change based on the size of the home. To learn more about Survey Certificates, click here.
If you live in a condo you will have to request the Strata Documents from the property management company. These costs can range from $30-$250.
Sell your own home with Bōde
If you are ready to sell your home on your terms, check out Bōde. It is an online home marketplace that connects buyers and sellers directly so you can sell your house – yourself.
Bōde provides all of the tools, data, and information you need to go from listing your home (on MLS, Zillow, and 1000+ others) to keys day.You only pay 1% of the sale price up to a ceiling of $10K and only when you sell. We also advertise your home so there is a much better chance of attracting an unrepresented buyer… which means more savings for you!
We're Here to Help!
When you use Bōde to sell your home you aren’t really going at it alone. You have a partner with the information, process and support that lets you confidently make the sale.
Check Out the Sales Data in Your Community
Arm yourself with the key information you need to make the decision on what your home is worth. Dive into Sold Data to see what similar homes have sold for. Now, you have the data you need to determine your price.