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How much will she pay in cost of selling? The buyer agent real estate commission is 3.255% on the first $100K and 1.15% on the remaining $900K in the Greater Vancouver Area, or $13,588. The seller agent commission is 3.875% on the first $100K and 1.33% on the remaining $900K, or $15,913.
The closing costs below are for my specific property, and based off its selling price. Selling for more or less can change the fees. On each of the fees talked about below, there are avenues to shop around and lower them as much as possible.
Jun 10, 2024 · Understanding the costs of selling a property in BC is crucial for effective financial planning. While some expenses, like real estate commissions and legal fees, are standard, others can vary significantly based on your specific situation.
Mar 4, 2024 · In British Columbia, if the average home sale price is between $675,000 to $700,000 and the average closing costs are $21,000 with a range between $14,000 and $28,000. Opendoor.com states that sellers pay anywhere on average between 1-3% of the property’s sale price towards closing costs.
There are a number of fees and commissions you should be aware of: the commission you agreed to pay your real estate licensee’s brokerage; the legal fees to discharge any existing mortgage; legal or notary fees for title transfer; the GST on the real estate commission and on your legal fees;
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.
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Nov 5, 2024 · Vancouver’s attached home benchmark price is $1,108,800, up 0.4% year-over-year and 0.9% month-over-month in October 2024. Apartment benchmark prices decreased 1.6% year-over-year and 0.6% month-over-month to $757,200.
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related to: How much does it cost to sell a house in Vancouver?Calculate Your House's Estimated Market Value in Less Than 2 Minutes. Try Us Today! Get an Accurate Valuation Based on Current Market Trends by Answering 7 Simple Questions.