Introduction
It is my personal finance research. I like to calculate the cost to pay if I like to sell the condo this year 2019.
Case study
Based on the article, here are the list of items I have to pay as a seller.
Seller to pay
Real estate - change owner fee $450 - $950
Owner change tax - price * 0.6% or 0.7% - government will collect the fee
Real estate agent - 6% of price
Lien search (optional) $200 - $350
Title search (optional) $200 - $350
Purchase document - $100 - $200
Estopple letter $150 - $350
Condo price is $135,000 us dollar
Owner change tax - $810, 0.6%
Real estate agent fee - $8100, 6%
Capital gain tax -> need to search the rate
Here is the article.
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