Home Seller’s Expenses

Costs Incurred When Selling Property Real Estate Agent’s Commission Usually this is the largest cost when selling a property. Commission is a fee paid to your real estate agent that represents a percentage of the total selling price you receive for your property. The rate of commission is based on comparative rates around your...

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For Non Canadian Sellers

Who is a Non Canadian Resident? The term “resident” is not defined in the Income Tax Act, however, the courts have held “residence” to be a “matter of the degree to which a person in mind and fact settles into or maintains or centralizes his ordinary mode of living with its accessories in social relations,...

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Advice for Home Sellers

Forget Your Emotions, You’re Selling A House Not A Home. (Taken from the Vancouver Sun) Why do some homes sell right away and others seem to be on the market forever? The properties that are on the market a long time and still unsold usually belong to sellers who are trying to sell a home, not a house. They try to get the purchaser...

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BC’s First Time Buyers Program

Property Transfer Tax You pay property transfer tax at the time you register a property at the land title office. The First Time Home Buyers’ Program If you are purchasing your first home, you may qualify for an exemption from property transfer tax. To qualify, you must be a first time home buyer and your property must meet...

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Checklist for Faster Sales

Lawns and yard Remove clutter, cut grass, edge walks, trim hedges, weed gardens. Front of house Paint, fix or wash railings, steps, storms, screens and/or front door. Other exterior Side or back door, gutter, wash windows. Garage Straighten up, paint, fix or wash doors and windows. Plumbing Repair dripping faucets, leaky toilets. Heating/cooling Clean...

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