1. Property Transfer/Tax
Most provinces/states impose a transfer tax on the value of the real estate which is conveyed from the buyer to seller.
2. Home Inspections
The cost of a home inspection is minimal compared to the costs of future repairs. Some lenders even require a professional inspection before issuing a mortgage.
3. Home Insurance
Home insrance protects the lender's investment by covering repair costs if the home is damaged. I can help find the best insurance for your needs.
4. Condo/Strata Fees
The fee is paid by all property owners of a condominium complex to cover ongoing maintenance costs.
5. Mortgage Default Insurance
For a high-ratio mortgage (less than 20% down payment), the lender will require you to purchase mortgage default insurance between 1.75% - 2.95% of the Mortgage Value.
6. Moving Costs
You could hire a moving company to do the work for you-alternatively, you could rent a truck yourself.
7. Legal Fees
While we can help you with the Agreement of Purchase and sale, you'll need a real estate lawyer or notary to do the due diligence before closing.