To determine the best listing price, consider factors such as recent sales of similar properties in your area, current market conditions, your home's unique features, and professional appraisals. Consulting with a real estate agent who has experience in your local market can provide a comparative market analysis (CMA) to help you set a competitive and realistic price.

Costs include real estate agent commissions (typically 3-7% of the sale price), legal fees, home staging and marketing expenses, potential repairs or upgrades, and moving costs. Additionally, there may be mortgage discharge fees and potential capital gains taxes if the property is not your principal residence.

While it's possible to sell your home privately, hiring a real estate agent offers benefits such as professional marketing, negotiation expertise, access to a broader network of potential buyers, and guidance through the legal and paperwork processes. Agents can often help you achieve a higher sale price and a smoother transaction.

The time it takes to sell a home varies based on market conditions, location, pricing, and the condition of the property. On average, it can take anywhere from a few weeks to several months. Homes in hot markets or in desirable neighborhoods may sell faster, while others may take longer.

Preparing your home for sale includes decluttering, cleaning, making necessary repairs, and possibly staging to make it more appealing to buyers. Enhancing curb appeal and ensuring the home is well-maintained can also attract more interest and potentially higher offers.

Spring and early summer are traditionally the busiest times for the real estate market in Canada, with many buyers looking to move before the start of the new school year. However, each market can vary, and factors such as local economic conditions and inventory levels can also influence the best time to sell.

When you receive an offer, your real estate agent will review it with you, including any conditions or contingencies. You can accept, reject, or counter the offer. If you accept the offer, you'll enter into a binding agreement with the buyer, who will typically submit a deposit. The closing process will then proceed according to the terms of the agreement.

If the property is your principal residence, you are exempt from capital gains tax. However, if it's an investment property or secondary residence, you may be liable for capital gains tax on the profit. It's advisable to consult with a tax professional for specific advice based on your situation.

Sellers are required to disclose any known material defects that could affect the property's value or safety. This includes issues like structural damage, water leaks, or mold. Providing a property condition disclosure statement can help build trust with buyers and avoid potential legal issues.

The closing process involves finalizing the sale through a series of steps, including satisfying any conditions in the purchase agreement, completing a final walkthrough, signing the necessary legal documents, and transferring ownership. Your lawyer and real estate agent will guide you through this process, ensuring all obligations are met and funds are properly disbursed.