Before you list your home for sale, there are costs you will want to take note of, such as making any necessary touch ups, repairs, refreshing the walls with a fresh coat of neutral paint, decluttering, cleaning, staging,  landscaping services and moving costs.  If you are a handy person, you may prefer to do some of these tasks yourself. Some sellers don’t have the time or know how to prepare their home for sale and wisely enlist the services of a few, if not all service and trade providers.  In my experience, hiring trades and professional service providers such as landscapers and stagers transforms the sellers’ property to a higher level making it more appealing to buyers.

Other fees you will need to budget for are the following.

Real Estate commission. Full service real estate professionals typically charge 5% of sale price which is split with buyer’s real estate agent. At closing, commission is held in trust with Sellers’ lawyer and disbursed or paid out to each respective brokerage.  The services a trusted real estate agent provides should include completing and explaining extensive forms, staging (optional but strongly recommended), marketing, advertising, professional photo/videography and negotiating with buyer agent.*

Mortgage discharge and or prepayment penalty fees.  Consult your mortgage provider for these fees. *

Capital Gains Tax. When you sell your property, you may have to pay Capital Gains Tax. If it was your principal residence, you may benefit from principal residence exemption. I strongly recommend contacting your professional tax advisor on this matter.*

Legal Fees and disbursements. Also budget for professional legal fees and disbursement fees. Fees vary, therefore contact two or three real estate lawyers for a quote.  Legal fees can range from $900.00 and up depending on the complexity of sale. Your lawyer will also bill you for disbursements such as photocopies, postage and administrative costs. Once the sale of your property is complete your lawyer will provide you with a final reporting letter outlining transaction details.*

Remember, there may be other costs such as unpaid taxes or special assessments that you should account for. *

If you found this content valuable, please share it with others. If you require the services of any trades or a real estate lawyer, contact me and I will email you their contact information.  Go to my Contact Page.

Senia Woods

* Today’s blog is a guide, always refer to each professional expert for their advice.

Having personally experienced this with our aged parent I can testify that it is an emotionally and financially complex time for seniors and their families. However, by planning, you can ensure a smoother transition into your new living situation.

It’s my wish that today’s blog will help seniors and their family prepare for the sale of their home and assist them in selecting a retirement home in the City of Brampton, Ontario.   

So, to start there’s a few things you should know.

Number one, understand the financial implications.

You'll need to factor in moving costs, realtor fees, lawyer fees, and any necessary home repairs.

My next blog will outline a more comprehensive list of Sellers and buyer costs.

Number two, start decluttering early. This will make packing and moving much easier.

Retirement Residences in the City of Brampton

I personally researched and toured these three facilities and will provide you with an honest impartial opinion. 

Of course, give yourself time to do your own research to find the perfect fit that meets your needs and budget.

First up, Bramalea Retirement Residence.

Step into a world where convenience meets comfort, where you're close to everything you need, and everything you need is just a stroll away. As you walk into the property you will find it open and spacious. 

There are various sitting rooms such as library room, games and pub style dining room, home inspired family room with television and for residents’ enjoyment in the summer an adjacent lovely outdoor patio with wrought iron patio furniture and umbrellas.  Not to forget a gardening space on the second level to keep residents connected with nature.  Lastly an indoor swimming pool to keep seniors fit and healthy.

The dining rooms are large, and the serving staff are warm, caring, and attentive.

The chefs’ menu caters to residents’ individual dietary needs.

The suites are hotel room inspired. I suppose you could describe rooms as standard to king size suites.

Located in Queen Street Corridor community.

https://levseniorliving.com/bramalearr/

Next is Southbrook Retirement Residence.

As you walk in, you’ll find the lobby area exudes with elegance.  There are a couple of sitting areas with well selected furnishings.  At the time I visited there was a waterfall and birds in their cages, very tropical feeling! The property has walking trails and peaceful outdoor patio.

The dining room is inviting and well presented.  Food service also caters to residents’ dietary needs.  There’s also plenty of activities to keep residents engaged.

The suites we viewed were well laid out, updated, and freshly painted with kitchenettes. 

Some suites have a separate living area.

This location is in Fletcher’s Creek South community, close to amenities and highways.

https://southbrookretirement.ca/knowing-when-its-time/

Finally. Woodall Park Retirement Village.

A boutique style retirement property.

An intimate boutique retirement home, that’s how I can best describe my initial impression of this property.  

A well cared for property with common areas such as the library, lounge room, solarium, and green space to enjoy warm summer days.

The suites are fresh, clean, and well cared for offering a homelike feel.

This caring facility also caters to residents’ dietary needs, recreational activities and more.

This location is nestled in a picturesque neighborhood called Heart Lake West, in northwest Brampton close to 410 Hwy.

https://www.woodhallpark.ca/gallery/

I found that all retirement homes we visited provide additional services or are included such as personal care, medication, and laundry services for additional fees.  Please consult each retirement homes on additional services.

These are just a few examples of the many wonderful retirement homes available in the city. Each one caters to different needs and preferences, so do your research before making any decisions.

Thanks for joining me today on this journey of Brampton retirement homes!

If you found this content helpful, please share it with your friends.

Senia Woods