When you decide to sell your house in Edmonton, it’s easy to focus on the listing price. But behind the scenes, there are many hidden costs that can eat away at your profit. From agent fees to repairs and closing costs, here’s what you really need to know about the cost of selling a home in Edmonton.
Realtor Commissions
Traditional real estate agents charge 4% to 6% of the selling price in commission. On a $400,000 home, that’s up to $24,000 gone before you see your profits.
Repairs and Renovations
To attract buyers, most sellers spend thousands on painting, landscaping, staging, and more. Even minor repairs can add up quickly and delay your listing.
Home Inspection Fixes
After accepting an offer, a home inspection could lead to unexpected repairs. Buyers may negotiate lower prices or request upgrades before closing.
Legal and Closing Costs
Sellers in Alberta typically pay legal fees, title transfer costs, and other administrative charges. Expect around $1,500 to $3,000 in closing expenses.
Mortgage Penalties
If you break your mortgage term early, lenders may charge a prepayment penalty. This can range from a few hundred to several thousand dollars.
A Better Option: Sell for Cash
Selling your home as-is to a cash buyer can eliminate most of these costs. No commissions, no renovations, no hidden fees—just a fair price and a fast close.
Want to avoid the financial traps of a traditional sale? Contact Edmonton AB House Buyer today for a simple, cost-free alternative.
