What’s the average cost of selling a home

0

What’s the average cost of selling a home

In Moncton, the Martins faced bittersweet goodbyes as they prepared to sell their late parents’ home. With every memory-packed room came questions—Should we renovate? What’s it really worth? How much will we owe in taxes, commissions, and repairs? As emotions tangled with financial reality, they realized selling wasn’t just about price—it was about clarity, closure, and cost.  

Homes sellers often focus more about the price of their home. They become anxious when they find out they may bear certain costs even when they sell their own home. 

The average cost of selling a home in Moncton, New Brunswick, includes the legal fees, and potential costs for repairs, real estate agent commissions, staging, cleaning, mortgage discharge penalties, and taxes or other services. Here’s a breakdown of some of the potential extra cost with examples for different home types, prices, and features. Note that this list is not exhaustive and each situation is unique. 

1. Real Estate Agent Commission 

Typical Rate in Moncton: 4–6% of the home’s selling price (split between the buyer’s and seller’s agents). 

  • $250,000 Home: Commission = $12,500 (at 5%). 
  • $400,000 Home: Commission = $20,000 (at 5%). 

Shape2. Legal Fees 

  • Average Cost: $700–$1,500. 
    Includes preparing the deed, managing disbursements, and legal advice. 

Shape3. Home Staging and Photography 

  • Optional, but Effective: 
  • Staging Costs: $500–$2,500, depending on the size of the home and extent of staging. 
  • Professional Photography/Virtual Tours: $200–$500. 

Shape4. Repairs and Maintenance 

  • Sellers often make repairs or upgrades to increase the sale price. Example Costs: 
  • Minor repairs (e.g., paint, patching): $500–$2,000. 
  • Major upgrades (e.g., roof, flooring): $5,000–$15,000. 

Shape5. Mortgage Penalty (if applicable) 

  • If breaking a fixed mortgage early, penalties may apply.  

Additional Considerations 

  • HST on Commission: Real estate commissions are subject to 15% HST in New Brunswick. For example, a $20,000 commission incurs $3,000 HST. 
  • Moving Costs: Depending on distance and services, $1,000–$3,000. 

Selling a home in Moncton can cost anywhere from 5–7% of the sale price, depending on the home type and level of preparation. For exact costs, consult a local real estate agent and lawyer. 

*The information provided here is for educational purposes only. Consult real estate, financial and legal professionals before making any personal, financial or real estate decisions.

*This is not intended to solicit Buyers or Sellers under contract.

Affiliate Disclosure Statement
This website contains affiliate links, which means I may earn a commission if you click on a link and make a purchase. This comes at no additional cost to you. I only recommend products or services that I believe may be beneficial, but I encourage you to conduct your own research before making any purchase.

As an Amazon Associate and an affiliate for other programs, I earn from qualifying purchases. All opinions expressed are my own and do not reflect the views of any affiliate partners.

By using this website, you acknowledge that any transactions made through affiliate links are between you and the third-party vendor. I am not responsible for any issues arising from your purchase, including but not limited to product quality, delivery, or service disputes.

If you have any questions, feel free to contact me.