Selling a property: what costs do you pay?

Rudolphe ABEN

Selling a property can be a complex process that involves many costs. The costs associated with selling a property can vary depending on the region, the type of property and the professionals involved in the transaction. Here are the most common costs you may incur when selling your property:
Broker fees: If you use an agent to sell your property, you will incur brokerage fees. These can vary by region and agent.
Notary fees: Notary fees are mandatory to complete the sale of your property. Notary fees cover the cost of drawing up the purchase contract and registering the transaction.
Property Tax: If you are the owner of the property, you will be required to pay property tax up to the date of sale.
Loan guarantee fee: If you have taken out a loan on your property, you may be required to pay a loan guarantee fee to cover the cost of repossessing the property in the event of default.
Transfer fees: There may be fees associated with transferring ownership of the property to the buyer.
It is important to consider these costs when preparing to sell your property and plan accordingly to avoid costly surprises. Talk to your agent or a real estate professional about these costs so you know what to expect.