Other Topics:
FAQ.
Mortgage Info,
Glossary of Terms.
Other Selling Topics:
Selling Your Home,
Seller Info,
Costs,
Moving,
Code of Ethics.
Other Buying Topics:
Buying a Home,
Buyer Info,
Government Assistance,
Agency Law,
Inspection,
Land Transfer Tax,
Insurance.
While commission is the largest item of cost, it isn't the only one. Here are the principal
expenses you should anticipate:
Real Estate Commission:
Commission is usually based on the sale price of the property. Contact your local Realtor to provide you with competetive rates.
Legal Fees:
$500 - $1,200 depending on firm and amount of legal work necessary.
Note that legal rates also vary greatly.
Discharge of Mortgage:
As specified in the mortgage document or as negotiated with the mortgagee.
Costs to discharge will include a legal fee and, if applicable, a penalty which is
sometimes equal to three months interest on the mortgage or based on an interest
differential calculation.
Moving Costs:
For a three-bedroom house, approximately $700 to $1,400.
Survey:
Supplying a current survey often facilitates a sale. Allow $600 to $1,000.
These costs, with GST, are approximations only and will vary according to your choices
and circumstances.
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