Thinking About Selling Your Property This Spring? Here's What You Need to Know About Costs

If you're planning to sell your property in Calgary this spring, you're likely excited about the opportunities ahead. Whether you're upgrading, downsizing, or simply moving on to the next chapter in your life, selling a property is a big decision—and it comes with some financial considerations.

As a Realtor who has been helping Calgary families and investors for over seven years, I’ve seen that understanding the costs involved in selling can help you prepare and avoid surprises. Let’s break it down together:

1. Realtor Fees

Hiring a professional Realtor is one of the most important steps in selling your property. In Calgary, the typical commission is a percentage of the final sale price, split between the listing agent and the buyer’s agent. While these fees can vary, they generally reflect the level of expertise, marketing, and negotiation skills your Realtor brings to the table.

When you work with me, I ensure that your property gets maximum exposure—professional photos, video tours, social media campaigns, and more. These tools can make a significant difference in how quickly your property sells and for how much.

2. Mortgage Break Fees

If you still have a mortgage on your property, it’s important to check with your lender about any potential penalties for paying it off early. Depending on the type of mortgage you have—fixed or variable—there could be a mortgage break fee. These fees can range from a few hundred to several thousand dollars, so knowing this in advance is essential for budgeting.

If you’re planning to buy another property, your lender might offer a “porting” option, which allows you to transfer your mortgage to your new home and potentially avoid some of these costs. I’d be happy to connect you with trusted mortgage brokers to explore your options.

3. Legal Fees

A real estate lawyer will help finalize the sale, ensuring all documents are properly handled and your interests are protected. Legal fees in Calgary typically range between $1,500 and $2,500 for a standard transaction.

4. Property Improvements and Staging

First impressions matter! Some sellers choose to invest in minor repairs, painting, or professional cleaning to make their home more appealing to buyers. Staging your home can also help it stand out in the market. While these costs vary depending on the scope of work, they often pay off by attracting higher offers and faster sales.

5. Moving Costs

Don’t forget to budget for moving! Whether you’re hiring professional movers or renting a truck, moving expenses can add up. Planning ahead can help keep these costs manageable.

Final Thoughts...

Selling a property is an exciting journey, but it’s also one that requires careful planning. By understanding the costs involved, you can make informed decisions and keep your sale stress-free.

If you’re thinking about selling this spring, I’d love to help you navigate the process. Let’s chat about your goals, your timeline, and how I can make this experience as smooth and successful as possible for you. Feel free to reach out to me directly—I’m here to answer all your questions!