The costs associated with selling a home

Deciding to sell your home is a big decision, so it's always good to remind yourself of what that decision entails, including the associated costs you might incur. Many real estate industry groups have resources available to the public on the home-selling process, such as the Real Estate Council of Alberta's Home Seller's Guide. However, most resources don't specify selling costs, in part because they can vary greatly depending on the individual property and circumstances of the sale. To provide a frame of reference, here is a summary of costs associated with selling a typical $500,000 home in Calgary:

The importance of a Real Property Report when buying a house

While many documents come into play when purchasing your home, one of the most important is the Real Property Report (RPR).

A real property report is a requirement during a standard real estate transaction and, in Calgary, Alberta Land Surveyors' Association (ALSA) members complete those reports.

"A Real Property Report is a legal document that shows the boundaries of the property in question and the improvements relative to those boundaries. When I say improvements, that includes of course the house, but also the deck, shed, garage and fence that may be on the property," said Brian Munday, executive director of Alberta Land Surveyors' Association (ALSA).