So, you’re thinking of selling your home in Okotoks. First of all—great timing. The market's active, inventory is still tight, and yes, buyers are looking. But before you mentally spend the sale money on a trip to Tofino or a new hot tub, let’s talk about the part no one loves: the real cost of selling your home. And no, I'm not here to sugarcoat it. Let’s break down the numbers, so you know exactly what you’re getting into—without the vague “it depends” nonsense.
1. Real Estate Commission (The Big One)
Let’s just rip off the Band-Aid: this is the biggest line item, and for good reason. In Alberta, it’s common to see real estate commissions calculated as 7% on the first $100,000 and 3% on the balance. This total is usually split between the buyer’s agent and the listing agent.
So, for example:
Sale price of $600,000
Commission: $7,000 (on first $100K) + $15,000 (3% of $500K) = $22,000 + GST
Yes, that’s a chunk of change. But before you start thinking “I’ll just list it myself,” ask yourself if you’re also prepared to handle pricing strategy, marketing, negotiations, buyer screening, paperwork, showings, and that one cousin who’ll try to lowball you just for fun.
A good agent (hi, it’s me) pays for themselves in the sale price and peace of mind.
2. Lawyer Fees
You’ll need a real estate lawyer to handle the legal paperwork, title transfers, and trust accounts. In Okotoks, you can expect to pay roughly $800 to $1,500 for legal fees, depending on complexity and disbursements. Pro tip: don’t just pick the cheapest lawyer—pick someone who actually returns calls.
3. Mortgage Discharge or Penalty
Still have a mortgage? You might have a payout penalty if you're ending it early. That number depends on your lender, your rate, and your remaining term. It could be a few hundred bucks, or several thousand. Call your bank and ask—they're legally required to tell you.
4. Home Prep Costs
Want to get top dollar? Then your home has to look like it’s worth top dollar. That might mean:
Professional cleaning: $300–$600
Staging: $500–$2,000 (optional, but very effective)
Minor repairs or paint touch-ups: depends on what’s needed
Landscaping or curb appeal boost: $200–$1,000
This isn’t about tricking buyers. It’s about putting your home’s best foot forward so it stands out in a competitive market—especially in sought-after Okotoks neighborhoods like Cimarron, Drake Landing, and Westmount.
5. Moving Costs
Don’t forget to budget for your move. Whether it’s a full-service mover or a buddy with a truck and pizza, it’ll cost you. Estimate $1,000–$2,500 depending on how much stuff you’ve accumulated (no judgment—I see those basement bins).
All in, you should expect to spend roughly 4–7% of your sale price on the cost of selling your home in Okotoks. Yes, it’s an investment—but with the right strategy and support, it pays off.
Because here’s the deal: trying to cut corners can cost you tens of thousands in your sale price. Getting it right from day one? That’s how you win in this market.
Thinking of selling in Okotoks? Let’s chat. I’ll break down your numbers, your strategy, and your best move—without the smoke and mirrors. I’m just a text away—and no, you don’t need to tidy up before we talk.
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