Alberta Sell Real Estate
Real Estate FAQs (Alberta)
Clear answers to the questions buyers and sellers ask most. This page keeps things simple—no jargon just what you need to know. For anything specific to your situation contact us any time.
Q1.How often are MLS listings updated?
Several times per day from the board feed. Save a search to get instant alerts for new listings price changes and status updates.
Q2.Do buyers pay Realtor fees in Alberta?
In most resale transactions the seller pays the commission through the listing brokerage. Buyers typically do not pay a direct fee to the buyer’s agent.
Q3.What conditions can I include in my offer?
Common conditions are financing property inspection condo document review (for condos) and sale of buyer’s home. Timelines are usually 5–10 days depending on the deal.
Q4.How much is a typical deposit?
Often 1%–5% of the price, due within a few days of offer acceptance. Amounts vary by price point and competitiveness.
Q5.How long from offer to possession?
Many purchases close in 30–60 days. New builds or special circumstances can take longer. Lender and lawyer timelines also affect possession.
Q6.What closing costs should I expect?
Budget for lawyer fees title insurance registration and adjustments for taxes/condo fees/utilities. Lenders may require an appraisal. New builds may have GST—confirm with your lawyer.
Q7.Should I get a pre-approval?
Yes. A written pre-approval clarifies budget and strengthens offers so we can move quickly when the right home appears.
Q8.Do I need a home inspection?
Highly recommended to evaluate structure roof HVAC plumbing and electrical. Results can guide repairs credits or maintenance planning.
Q9.How do multiple offers work?
The seller reviews offers by a set time and selects or counters one. We tailor terms (conditions, dates, deposit) to be competitive without overreaching.
Q10.What’s my home worth?
Request a free comparative market analysis. We use recent sales market trends and your home’s features to recommend pricing and a strategy.
Q11.Are condo fees negotiable?
No. Fees are set by the condo corporation. We review financials reserve fund study and bylaws during the condo document condition.
Q12.Are new builds subject to GST?
Most brand-new homes include GST in the price but it depends on the builder and contract. Your lawyer confirms treatment and any rebates.
Q13.Can I buy a home with a suite or separate entrance?
Yes—verify local bylaws permits and insurance for secondary suites. We’ll point you to listings with legal or potential suites.
Q14.What happens on possession day?
After lawyers confirm funds and title registration the seller’s brokerage releases keys. We meet you at the property for walkthrough and handoff.
Q15.Can I sell before I buy or buy before I sell?
Both work. Many clients buy with a sale condition or use bridge financing. We’ll plan timelines with your lender to balance risk and convenience.
General information only—not legal or financial advice. Always confirm specifics with your lender and lawyer.
Questions not covered here? Call 780-916-8050 or 587-777-8813, or email Abraham@AlbertaSell.com. We’re happy to help.