BUYING COSTS

When buying a home, it is very important to remember that you will have to meet other expenses besides the price of the property. These may include:

  • Appraisal fee
  • Mortgage insurance application fee (where required)
  • Mortgage insurance premium, which can be added to the mortgage amount
  • Legal fees and expenses
  • Fire insurance premium
  • GST, if it is not included in the selling price

Additional expenses:

  • Moving expenses
  • Appliances for the new home
  • Furniture, draperies, etc.
  • Maintenance equipment: lawn mower, snowplow, etc.
  • Any urgent repairs and other unforeseen expenses
  • Land Transfer Tax.

For an accurate assessment of the closing costs involved in buying your property, contact Royal LePage Signature Realty. Our experienced agents will make sure you are fully informed at all times.

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