When most people think about selling their home, the first question is usually: “What price will I get for it?” But the equally important question is: “What will it cost me to sell?”
In Winnipeg, selling a property involves more than just accepting an offer - there are commissions, legal fees, mortgage penalties, and other expenses that can impact your bottom line. Here's a detailed breakdown of the typical costs you should know before putting your home on the market.
1. Realtor Commission Fees (3% – 4.5%)
Commission is usually the largest cost in a home sale. In Winnipeg, commission rates generally range between 3% and 4.5%, depending on the services offered and the agreement with your realtor.
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