Skip to main content
Skip to article

Selling your home

Selling takes eight steps, from the first conversation to completion day, and your contract sets the subject and completion dates. Most people selling the home they live in owe no capital-gains tax, because the Principal Residence Exemption generally covers it.

Step 1: It starts with a conversation

Before anything goes on the market, we sit down and talk. Why are you moving, and by when? What has worked about living here, and what hasn’t? This first conversation costs you nothing and commits you to nothing.

Step 2: Preparing your home to shine

Declutter and deep-clean

This is the single most valuable thing you can do to prepare your home, and it costs almost nothing. The cleaner and more decluttered your home, the larger and brighter it feels, and the easier it is for a buyer to picture their own life inside it. Pack away the extras, clear the counters and clean thoroughly.

A room-by-room home-prep checklist can be ticked off as you go, printed or saved.

Staging and professional photography are part of what I do for you, not something to budget for separately.

Step 3: Pricing it right

Price is where a sale is quietly won or lost. Set it too high and the right buyers never come through the door; set it too low and you leave value behind that you can’t get back.

The list price rests on recent comparable sales and current conditions, not guesswork, and you set it with your REALTOR®. What’s my home worth? explains why your BC Assessment notice and an online estimate rarely match a real comparative market analysis, and what actually moves the number.

Step 4: Going live

Once you are ready, your home goes on the market, on the Multiple Listing Service (MLS) and the major search sites, and a little paperwork comes with it. There’s a listing agreement that sets out how we’ll work together, a privacy and consent form, and the Property Disclosure Statement (PDS).

On the PDS you share what you know about the home, honestly and in writing. Disclosing what you know up front is both the right thing to do and the simplest way to keep a small issue from becoming a problem later.

Step 5: Showings

You might host ten showings that go nowhere, and then the right buyer walks in, so the home has to be ready every time. Keep it tidy, clean and well lit for each one.

You do not need to be home for showings; I handle every one.

Step 6: When the offers come in

The highest number isn’t always the best offer. Price matters, of course, but so do the terms. Weigh each offer on four things:

  • The deposit. How much, and how soon: a larger, prompt deposit signals a committed buyer.
  • The conditions. Which “subjects” the buyer is asking for (financing, inspection, document review) and how long they need. Fewer, cleaner conditions mean more certainty.
  • The dates. Whether the completion and possession dates line up with your own plans.
  • The strength behind it. A solid pre-approval and a serious buyer matter as much as the headline price.

A first offer can come in lower than you hoped. It is a starting point, not a verdict on your home.

Step 7: Firming up the deal

Most accepted offers come with a few conditions the buyer needs to satisfy: arranging financing, a home inspection, a review of strata documents. The contract sets how long they have to do this. Once those conditions are removed, the deal is firm and the deposit is committed. After an inspection a buyer may ask for a repair or a small credit, which is usually a modest negotiation.

If you’re buying as well as selling, the timing of the two deals needs its own plan. The moving calculator shows both sides at once: what the sale leaves you, and what the next place needs.

Step 8: Completion day

In the final stretch, a lawyer or notary handles the legal mechanics: confirming the mortgage payout, preparing the statement of adjustments, and registering the transfer. On completion day the sale funds come in, your mortgage is paid off, and the balance (your proceeds) comes to you. Possession follows on the date in the contract.

What comes off the top

A seller’s cheque is not simply the sale price minus the mortgage. These come off the top, and you see every line before you sign:

  • The real estate commission: the cost of marketing and selling your home, fully negotiable, and covering the staging and photography above.
  • Your mortgage payout: the remaining balance, plus any penalty if you break a fixed mortgage before its term is up.
  • Legal or notary fees: to handle the conveyance and registration.
  • A completion-day adjustment: a small credit or debit for property tax and utilities you’ve prepaid.

The calculator runs every line for your own home.

Run your numbers ›

And for most people selling the home they live in, there’s no capital-gains tax to worry about: the Principal Residence Exemption generally covers it. If your home was a rental or second property, or you bought it within the last couple of years, it’s worth a quick word with a CPA before listing.

Common questions about selling

  • What’s the first step to selling my home?
    A conversation: no cost, no obligation. Before anything goes on the market, I like to sit down and understand why you're moving, your timeline, and what matters to you about the home and the move. That conversation shapes everything that follows: how we prepare the home, how we price it, and how we market it. Reach out whenever you're ready, even if selling is still months away.
  • What’s the most valuable thing I can do to get my home ready?
    Declutter and deep-clean. It costs almost nothing and makes the biggest difference. A clean, uncluttered home feels larger and brighter, photographs better, and makes it easier for a buyer to picture their own life there. Pack away the extras, clear the surfaces, and clean thoroughly. From there, staging and professional photography are part of what I handle for you.
  • How is the list price decided?
    Together, with good research behind it. I bring you a clear read on what your home is worth in today's market (grounded in recent comparable sales and current conditions), and we agree on the number. Pricing well matters: set it too high and the right buyers don't come; set it too low and you leave value behind. It's one of the most important decisions in the whole process, and you won't make it alone.
  • Do I have to complete a Property Disclosure Statement?
    The law does not require one, but providing one is standard practice on a BC listing, and it is the simplest way to keep a small issue from becoming a dispute after closing. The form is the BCREA Property Disclosure Statement (PDS): you share what you actually know about the home, such as past water issues or the age of major systems. A seller who declines signs a "Property No Disclosure Statement" form instead. Either way, the duty to disclose a material latent defect sits with the listing licensee under the Real Estate Services Rules. I'll walk you through the form so it's straightforward.
  • How long does selling usually take?
    It depends on the home, the price and the market, so no single number fits. Once an offer is accepted, the contract sets the subject period and the completion date. It's wise to plan for the smooth version and leave a little room in case the timing stretches.
  • Will I owe tax when I sell?
    For most people selling the home they live in, no. The Principal Residence Exemption generally shelters the gain from capital-gains tax. It's different if the property was a rental or second home, or if you bought it very recently (the BC Home Flipping Tax can apply within two years of purchase). If any of that might be your situation, it's worth a quick conversation with a CPA before you list, and I'm glad to point you in the right direction.
  • What does it cost to sell?
    A few things come off the sale price before you receive your cheque: the real estate commission, legal or notary fees, any penalty for breaking your mortgage early, and a small adjustment for prepaid property tax and utilities. Nothing is hidden, and you'll see every line before you sign. To get a sense of where you'd land on your own numbers, the net-proceeds calculator walks through it line by line.
  • Can I sell and buy at the same time?
    Yes, and many people do: it just takes planning so you're never caught owning two homes or none. Depending on the market, that can mean making your purchase conditional on selling your current home, lining the closing dates up, or using short-term bridge financing to cover the gap. The right approach depends on your situation and the market, and it's one of the first things we'd map out together.

Bronson Job PREC, REALTOR® at Momentum Realty Inc.. GVR Member #6015742 · FVREB Member #FJOBBR

Last reviewed by Bronson Job PREC, REALTOR®. Licence CC BY 4.0. How we verify.

Sources and method

I’m Bronson Job, a REALTOR® (PREC) with Momentum Realty Inc., so I earn a commission when I help someone buy or sell. This is general information, not advice on your situation, and I take no payment from any third party named here. How I verify.