Question: What’s the true cost of selling a home?
Answer: Usually 7-10% of the sale price.
Here’s a DETAILED breakdown (with 2022 data):
- Agent commissions: 5% of the sale price + applicable taxes (HST), split between the listing and buyer agents.
- Lawyer fees, land transfer taxes, and other administrative costs: 1-2% of the sale price.
- Home repairs and inspection requests: $100-10,000. The most common repair on a home inspection report? Sticky doors that need adjusting. The second?...