With the aid of a Mortgage
Broker or your lending institution, we will determine the price range
most comfortable for you. Financing options are vast and can be confusing
so make sure you get all the facts.
Don't forget to consider the following moving costs:
Real
estate commission
Buyer agent
commissions are traditionally paid for by the Seller through
the purchase price of the property but depending on the terms of your
Buyer Agency agreement; commission may be paid by the Buyer as a %
of the sale price or as a flat fee.
Legal Fees
they
range from ½% to 1% of the sale price of the property plus Disbursements
Disbursements
include City Tax Certificate, City Zoning Report, City Engineering
Report, Registry Office searches, deed registration., mortgage registration,
copies, postage, long distance calls, etc.
Land Transfer Tax: * * special taxes apply to non residents
If under $55,000
.005 x purchase price
From $55,001 to
$250,000
(.01 x purchase price) minus $275
From $250,001 to
$400,000
(.015 x purchase price) minus $1,525
Over $400,001
(.02 x purchase price) minus $3,525
Survey
if
no recent survey is available, a new one will cost approximately $700-$1000.
Fees vary.
Adjustments
money owed, pre-payment of taxes, hydro, gas, etc.
Home Inspection
will
cost approximately $250-$500
Arranging the mortgage
there
is usually an appraisal fee of approximately $200. As well there may
be an administration fee.
Title Insurance
fees vary.
The
move
depends
on your choice of movers.
MORTGAGE BROKER
A freelance banking representative who
finds you the best financial solution suited to you're your needs at the
lowest possible interest rate, paid in commissions by the lending institution.