Selling and buying in the Lower Mainland: collect both savings
Most Lower Mainland buyers are also sellers. If you use the same partner agent for both, you get the listing discount on the sale and the rebate on the purchase.
A move-up example
You sell a $900,000 Langley townhouse and buy a $1,500,000 Coquitlam house.
- Listing side on the $900,000 sale, standard: about $14,580. Half saved: $7,290.
- Buyer side on the $1,500,000 purchase: about $19,320. Half back: $9,660.
Total: about $16,950 before GST.
Sequencing
Buy first and you may need bridge financing. Sell first and you may need to rent or negotiate a long completion. Your agent can help you line up dates so you move once.
A downsizing example
Selling a $1,800,000 Surrey house and buying a $850,000 White Rock condo saves about $13,365 on the sale and returns about $5,923 on the purchase.