#1 Top Producing Realtor in Coal Harbour*
General Info for Sellers
Employ an expert, local realtor who specializes in your area. We can't emphasis enough how important it is to eomploy the services of a realtor who specializes in the area in which your property is located. Vancouver has numerous sub-markets within the geographical sub-areas denoted by the real estate board. It's vital to the success of sale that you are represented by a realtor who knows your area and building intimately. It's like seeing a doctor: You don't go to the foot doctor when you have heart problems.
Shaun specializes in listing properties in the Coal Harbour and downtown areas. Years of experience give Shaun an advantage that will translate to your bottom line.
The Sale Process
Every transaction is different. Please see our page on the sale process to learn how we work
Commissions - for sellers
Our listing commission is 7% on the first $100,000 and 2.5% of the remainder of the final sale price. (5.0% GST is applied to the commission). This commission is split between the listing and buyer's realtors so you pay only once. Commissions are deducted from the proceeds of sale via a debit on the seller's statement of adjustments, at the time of completion, and paid directly to the realtor's brokerages by your legal representative on your behalf. There are no other fees charged by us to list/sell your property.
Clearance Certificate
This document is required for all non-resident owners disposing of real estate in Canada. Fees for its preparation and filing vary and usually range from $300-$1000 plus tax and dispersements, depending on the nature of the transaction. Please see our Selling for Non-Residents page for more details.
Capital Gains Tax
Capital Gains tax is not applicable on your principal residence if you are a Canadian resident. It is applicable for second residences and investment properties for residents and non-residents alike. Generally speaking, capital gains tax is levied on 50% of the gain at the seller's marginal incpome tax rate. Like many other taxes, this rate and its application will vary depending on many factors. We strongly recommend that all sellers consult their lawyer and accountant to determine exactly how the Capital Gains tax applies to them.
Legal Representation
You'll require a Lawyer or Notary Public in order to transact your sale, transfer title and discharge your mortgage if required. Costs usually range between $600 to $1500 plus dispersements plus GST, depending on the nature of the transaction. Please see our Lawyer and Notaries page for a list of excellent local legal representatives.