- Private sales are legal in Prince Edward Island.
- The buyer pays the 1% transfer tax; first-time buyers are often exempt.
- A real estate lawyer closes the sale and transfers title.
- Typical commission saved on a $350,000 home: $17,500.
Is it legal to sell your own home in Prince Edward Island?
Yes. Nothing in Prince Edward Island requires you to use a real estate agent. You can price, advertise and show your own home, negotiate directly with buyers and close through a lawyer. Agents are optional; the legal transfer of title is not, so line up a real estate lawyer before you list.
Who pays land transfer tax in PEI?
The buyer. PEI's real property transfer tax is 1% of the greater of the price or assessed value, with properties valued at $30,000 or less exempt. Qualifying first-time buyers are fully exempt if they live in the home, which makes PEI homes easier for first-time buyers to afford.
Rules and paperwork for private sellers in PEI
Lawyer at closing
A PEI lawyer handles the deed, title search, trust funds, mortgage payout and registration.
Lands Protection Act
Non-residents generally need approval from the Island Regulatory and Appeals Commission (IRAC) to buy more than 5 acres or more than 165 feet of shore frontage. If your property is large or waterfront, tell buyers early.
Disclosure
No form is required for private sellers, but you can't hide known latent defects.
Well and septic
Many PEI homes have private wells and septic. Have water test results and septic records ready.
Seasonal market
PEI's market is busiest spring through fall. Price and advertise with the season in mind.
How much commission you save in PEI
Commission is negotiable, but on a $350,000 home a typical agent fee is about $17,500 (5% total, before HST). Selling privately with No Commission System, the seller pays $0. See realtor commission in Canada for more examples.
Step by step: selling privately in PEI
- Talk to a lawyer and confirm the documents you'll need.
- Price from sold comparables in your area from the last 60 to 90 days. Pricing guide.
- Write your ad with the header "Zero Down Must Qualify / Bad Credit Money Down / Buy This House" and at least four bright photos. Ad guide.
- Screen every caller: do they need the private financing option, or are they pre-approved through a bank? Caller script.
- Show by appointment and get every offer in writing, with the deposit held in a lawyer's trust account.
- Close through lawyers, exactly like a bank-financed sale. How closing works.
How No Commission System helps PEI sellers
We help for-sale-by-owner sellers in Prince Edward Island get more buyers by partnering with a private lender. You keep selling your home yourself and add a financing header to your ad. Buyers who can't get a bank mortgage call, our private lender qualifies them, and lawyers close the sale. No commission, no contract, no obligation.
Sell it yourself, with more buyers calling
Add the private-financing header to your ad and let our private lender qualify the buyers the banks turn away. No commission, no contract, no obligation. Listing takes about 5 minutes.
Frequently asked questions
Do I need a lawyer to sell my house privately in PEI?
Yes, in practice. A lawyer handles the deed, title, trust funds and registration.
Who pays the real property transfer tax in PEI?
The buyer, at 1% of the greater of price or assessed value. Qualifying first-time buyers are exempt.
Can non-residents buy my PEI property?
Yes, but non-residents generally need IRAC approval for more than 5 acres or 165 feet of shore frontage under the Lands Protection Act.
How much does No Commission System cost the seller?
Nothing. There are no fees, no commission and no contract. We're paid on the buyer's side, through the private financing for buyers who can't get a bank mortgage.
Is this a scam? Can my house be stolen?
No. Nothing is signed with us. Once the lender approves a buyer and they write an offer, the buyer, the lender and you each choose your own lawyer. The lender sends the funds to their lawyer, who closes with your lawyer, exactly like a bank-financed sale.
Related guides
General information for Canadian home sellers, not legal, tax or financial advice. Rules and fees change, so confirm the details with a real estate lawyer in your province before you sell.