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What does selling cost you?
Estimate the commission on a sale, including GST, using the standard Greater Vancouver structure, and see what lands before your mortgage is paid out.
The sale
$
%
%
The default is the classic Greater Vancouver structure, 7% on the first $100,000 and 2.5% on the rest, split between the listing and buyer’s brokerages. Adjust to your agreement.
TOTAL COMMISSION
$34,913
Including 5% GST, an effective 2.89% of the sale price.
Commission
$33,250
You keep
$1,115,088
The commission
First $100,000 at 7.000000000000001%$7,000
Balance at 2.5%$26,250
Commission$33,250
GST at 5%$1,663
Total commission cost$34,913
Net to you
Sale price$1,150,000
Less commission (incl. GST)-$34,913
Before mortgage payout$1,115,088
Estimate only. Commission is negotiable and structures vary by brokerage and deal. This ignores your mortgage payout and any other closing costs. Confirm the terms in your listing agreement.
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