Q: When is the best time to sell?
A: The best time to sell can vary based on a number of factors, including the current market conditions, exchange rates, seasons and more.
It is always best to talk to your Realtor about what the best decision is and how you are directly affected.
Q: Once I have decided to sell, what are the next steps?
A: Once you have decided to sell you should engage the services of a knowledgeable real estate agent, if you have not done so already. They will help guide you through the process, from preparing your property for sale, listing the property, accepting an offer and signing the contract, to what to do after you have an accepted contract. An agent will also ensure that everything is completed correctly and efficiently, making the process easier for you.
Q: How long will it take to sell?
A: The time it takes to sell a home varies depending a range of factors. Market conditions and your motivation can strongly affect the time, along with the strategy used to market and sell your property.
This is where your agent really matters. You need someone you can trust who is experienced and knowledgeable, not only in the specific market, but in selling and marketing your property in the best possible way.
Talk to your Realtor and they will provide an expected timeline, along with giving details of their proposed marketing strategy.
Q: What are the costs associated with selling my property?
A: There are a number of costs associated with selling a property such as lawyer fees and expenses, real estate commission fees, preparing the home for sale, costs of moving your furniture, along with Goods and Services Tax (GST – 5%) and Capital Gains Tax (which is 33.33% of the ‘gain’ on investment properties).
For a detailed explanation of the costs you can view our selling information page, or contact one of our agents.
Q: What happens when an offer is made on my property?
A: Your agent will notify you and present the offer, explaining the details, including strengths and weaknesses, and assist you with accepting, submitting a counter-offer or rejecting the offer.
Q: I am a non-resident, is there anything specific I need to do?
A: Non-Canadians are required to obtain a Clearance Certificate from Revenue Canada prior to the completion date of the transaction (What is a clearance certificate? – glad you asked! It is a certificate from the Government saying that you do not owe any taxes). The wait for this certificate is around 6-8 weeks, so it is important to contact your lawyer or accountant as soon as an accepted offer has been received.
For more information on selling your property in Whistler, get in touch today!