Sellers
I understand that for many people, their Whistler home has represented a huge part of their life, and deciding to sell can be an emotional step that involves a number of considerations.
One of the most important qualities to look for in any real estate professional is local expertise. I have been a full-time Whistler resident for over 25 years. During this time I have gained insight and knowledge of The Resort and the nuances of the neighbourhoods and subdivisions that make up the Whistler valley. I am passionate about sharing this knowledge with Buyers and their Agents.
Whether you are selling for your first time or you are experienced in real estate transactions, providing you with comprehensive, high quality service that puts your home in front of the right Buyers is my commitment to you, because your success is my success. When you are ready to sell, I would like to extend my services as a real estate professional to promote the marketing of your home through a customized marketing plan. This plan will highlight the features of your home and strategically showcases it to all potential Buyers. I will guide you through the details of the listing agreement, negotiate for your best interests first in the offer process; and ensure a smooth completion to key hand-off, with transparency and integrity.
If you are just curious to see what you Home is worth in todays market, that’s fine too! To take the first step in learning more, please feel free to connect with me.
I understand that for many people, their Whistler home has represented a huge part of their life, and deciding to sell can be an emotional step that involves a number of considerations.
One of the most important qualities to look for in any real estate professional is local expertise. I have been a full-time Whistler resident for over 25 years. During this time I have gained insight and knowledge of The Resort and the nuances of the neighbourhoods and subdivisions that make up the Whistler valley. I am passionate about sharing this knowledge with Buyers and their Agents.
Whether you are selling for your first time or you are experienced in real estate transactions, providing you with comprehensive, high quality service that puts your home in front of the right Buyers is my commitment to you, because your success is my success. When you are ready to sell, I would like to extend my services as a real estate professional to promote the marketing of your home through a customized marketing plan. This plan will highlight the features of your home and strategically showcases it to all potential Buyers. I will guide you through the details of the listing agreement, negotiate for your best interests first in the offer process; and ensure a smooth completion to key hand-off, with transparency and integrity.
If you are just curious to see what you Home is worth in todays market, that’s fine too! To take the first step in learning more, please feel free to connect with me.
What Is Involved
Often when somebody is looking to engage the services of a Realtor® to sell their home, they only focus on 2 details – what’s the commission the Realtor® charges and what’s the highest price they can list their property for.
As an experienced and trusted real estate advisor, I also take it upon myself to explain some of the other important considerations when marketing your property for sale and entering into a contract of sale.
These include:
1.) Act in your best interests – This is a fiduciary duty I owe to you as my client. It allows me to be your Designated Agent in the transaction, working only for you.
2.) The term of the Listing Agreement and release or termination options – Every listing contract has an expiry date. This is the date the marketing stops on the property. If priced correctly for the market and marketed for sale versus just listing it for sale, your listing should sell. If you are unable to list to the full term of the listing, we can cancel the listing.
3.) Market Analysis – We will discuss comparable listed properties, recent sales and current market trends. We will take into consideration your timeline and motivation for moving to determine the proper value of your home and the right time to list.
4.) Cooperating Brokerage – My brokerage is a ‘Cooperating brokerage’ which means Buyer Agents from other real estate companies can submit their offers through me. The commission you pay my Brokerage to sell your home will then be shared with the Agent for the Buyer.
5.) Reciprocity – I am a Multiple Listing Service (MLS) and Whistler Listing Service reciprocity member. This means I am allowed to post your listing on other Agent and Real Estate Companies websites and they can post on their social media platforms. I believe it is better to have your property seen by Buyers on the GREATEST number of sites. This includes web exposure to potential Buyers both locally, regionally and internationally.
6.) When Commission is due – Commission is due once you enter into a legally enforceable or unconditional Contract of Purchase & Sale. Commission is also due when a Buyer who was introduced to the listing during the listing term, purchases the property within 60 days of the listing termination.
7.) How much Commission is due – We will determine the commission that would be paid on the sale price. When a offer comes in I will send you a Disclosure of Sellers Expected Remuneration form that details how much commission you will pay based on that offer price. The Goods & Services Tax (GST) will be charged on top of the commission.
Non Resident Sellers
If you are a non resident of Canada who is considering listing your Whistler property for sale, there are legal and accounting issues that arise that should be discussed with your Lawyer and Accountant.
The Income Tax Act of Canada stipulates that non resident sellers must report their property sale to the Canadian Revenue Agency within 10 days of the completion of the transaction. Any person purchasing Canadian real estate from a non resident has an obligation to withhold and remit to the Canadian Revenue Agency (CRA) a minimum of 25% of the gross sale proceeds with respect to the purchase. A purchaser who fails to withhold the applicable tax amount can be liable for it. This is especially important if you are clearing a Mortgage. If you are carrying a large Mortgage, after withhold, there may not be enough funds available to clear the Mortgage off Title.
The withholding tax requirements can be reduced or eliminated if the seller obtains a “Certificate of Compliance” or Clearance Certificate from CRA on a timely basis. The certificate certifies that a certain amount of money payable for the taxes. The amount owing is deducted from the sale proceeds and sent to CRA by the vendor. As the certificate is required on the closing date, it should be applied for in advance of the closing once all subjects have been removed. The typical wait time for a Clearance Certificate is usually around 6 – 8 weeks but can take up to 16 weeks.
More information can be found at the Canada Revenue Agency website: Disposing of or acquiring certain Canadian property
***Please note: The above information is for reference purposes only and does not constitute professional advice. For more information please consult legal and accounting professionals as appropriate. For a list of Lawyers and accountants who can assist on the topic of Non residents selling Whistler real estate, please visit my Recommended Professionals on the Resources page.
LISTING DATA IS BASED IN WHOLE OR IN PART ON DATA GENERATED BY THE REAL ESTATE BOARD OF GREATER VANCOUVER AND WHISTLER REAL ESTATE BOARD WHICH ASSUMES NO RESPONSIBILITY FOR ITS ACCURACY.
