If you’re thinking about selling your home in Calgary, one of the first questions you’re likely asking is, “How much will it cost?” Understanding the expenses involved in selling a home can help you plan your budget and maximize your profit. From real estate fees to legal costs and moving expenses, selling a home involves more than just finding a buyer. Let’s break down the key costs you’ll encounter and how you can save thousands with 2% Realty while still getting full-service support.

1. Real Estate Commissions

Real estate commissions are often the largest expense when selling a home. In Calgary, traditional commissions are often:

• 7% on the first $100,000 and 3% on the remaining balance

With this fee split between the listing agent and the buyer’s agent. For example, on a $500,000 home, traditional commissions can cost $19,000.

With 2% Realty, you pay only 2% commission on the sale price. That means selling the same $500,000 home would cost you just $10,000, saving you an extra $15,000 or more.

2. Legal Fees

A real estate lawyer will handle the paperwork and transfer of ownership, a necessary step in closing the sale. Legal fees in Calgary typically range from $1,200 to $2,400, depending on the complexity of the transaction. These costs cover tasks like title searches, drafting documents, and ensuring the sale complies with Alberta law.

3. Repairs and Upgrades

Preparing your home for sale may require some investment in repairs or upgrades to make it more appealing to buyers. Minor repairs, such as fixing a leaky faucet or patching drywall, can cost a few hundred dollars. Larger upgrades, like modernizing a kitchen or bathroom, may cost thousands but could significantly increase your home’s resale value. At 2% Realty, we provide expert advice on which repairs are worth the investment, so you don’t overspend.

4. Staging and Photography

Professional staging and high-quality photos are essential for making your home stand out in Calgary’s competitive real estate market. Staging typically costs between $1,000 and $3,000, depending on the size of your home, while professional photography ranges from $350 to $700. These costs may or may not be included in your REALTOR®’s commission, so it’s important to discuss what marketing services are covered upfront. These investments are often worthwhile, as a well-presented home attracts more buyers and can lead to higher offers.

5. Moving Costs

Once your home sells, you’ll need to budget for moving expenses. Professional movers in Calgary can charge between $1,000 and $3,000, depending on the distance and the size of your move. Additional costs, such as packing supplies or temporary storage, may also apply.

6. Other Costs to Consider

Additional expenses may include property tax adjustments, condo fees (if applicable), and utilities that need to remain active until possession day. These costs are often prorated and settled during the closing process.

Save Thousands with 2% Realty

Selling a home doesn’t have to mean sacrificing a large portion of your equity to high commissions. With 2% Realty, you get full-service support, including expert advice, marketing, and negotiations, for just 2% commission. That’s a significant savings compared to traditional commission rates, leaving you with more money for your next chapter.

Ready to Sell Your Calgary Home?

Understanding the costs of selling your home can help you plan ahead and make informed decisions. If you’re ready to save thousands while getting top-tier service, contact Derek Chevrefils, Realtor at 2% Realty today for a free home evaluation. Let’s work together to sell your home quickly, efficiently, and for the best possible price.