Selling a Home in Lloydminster, Saskatchewan

Is your home on the Saskatchewan side?

Homes east of 50 Avenue are on the Saskatchewan side, and Saskatchewan addresses use postal codes that start with S9V. Alberta addresses use postal codes that start with T9V. A street that crosses 50 Avenue can have homes in both provinces. If you are not sure which side you are on, check your property tax notice or ask Dave.

Your listing agreement in Saskatchewan

The Saskatchewan Real Estate Commission (SREC) regulates real estate in Saskatchewan. These rules apply to your listing agreement:

• It must show one expiry date, and the term must be less than 12 months. A shorter term can be negotiated.
• It must show the total commission and how it is calculated, and you must be given a true copy of the signed agreement.
• Commission is negotiable. It is not set by law or by SREC.
• If one registrant acts for both the buyer and the seller, you must be told in writing and you must consent in writing.

Dave goes through every term with you before you sign.

Offers on your home

When an offer comes from a registrant, Saskatchewan uses a mandatory form for residential offers. The offer lists the price, the deposit, the possession date and any conditions. Common conditions are financing, a home inspection, or the sale of the buyer's current home. If you counter, your counteroffer ends the buyer's earlier offer, and the contract becomes binding once the conditions are met or removed.

What you must tell buyers

Saskatchewan does not require sellers to fill out a property condition disclosure statement. You must still tell buyers about known hidden defects. If you know about a problem with the home, tell Dave and your lawyer before you list.

Your spouse and The Homesteads Act

If the home is your family home and only one spouse is on title, the other spouse generally has to consent to the sale, and that consent is acknowledged separately in front of a lawyer or another authorized person. If you have no spouse, or both spouses are on title, an affidavit is signed instead. Your lawyer prepares these documents. Alberta's version of this law is the Dower Act, with different steps.

Clearing title and your mortgage

Before the buyer's lawyer can register the transfer, anything registered against your title, such as a mortgage, lien or judgment, has to be dealt with. Ask your lender early for a mortgage payout statement, because your lawyer needs it to close.

Who pays the title transfer fee

The title transfer fee charged by Information Services Corporation (ISC) is normally paid by the buyer. The fee scale is on our page Buying a Home in Lloydminster, Saskatchewan.

Property taxes at closing

The City of Lloydminster sends property tax bills for the whole city and publishes one residential mill rate table. Taxes are adjusted between you and the buyer on the possession date, and your lawyer prepares the statement of adjustments.

What is different from selling on the Alberta side

Always confirm details with your lawyer.