Joel DyckReal Broker SK Ltd.
Saskatoon · From the topic map

How much will I net when my Saskatoon home sells?

Your net proceeds are the sale price minus commission, legal fees of $800 to $1,500 for the lawyer registering the transfer through Information Services Corporation, your remaining mortgage balance and discharge fee, and any prorated property tax adjustment. There's no seller-side transfer tax in Saskatchewan, so those are the main deductions.

Commission is negotiated with your listing agent and is the largest variable in the calculation, since it's a percentage of sale price rather than a flat fee. It's worth confirming the exact split and rate in writing before you list, since it directly changes your net number.

Your mortgage discharge is the other big variable. If you're breaking your mortgage term early, ask your lender for the exact penalty now rather than at closing, since a prepayment penalty can run into the thousands depending on your remaining term and rate.

Your lawyer's statement of adjustments, prepared before closing through Information Services Corporation, itemizes every deduction so you know your final number before possession day. Get your hand-reviewed valuation from Joel Dyck.

Get your hand-reviewed valuation from Joel Dyck.

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