There are many costs that homebuyers incur, especially upon purchasing your first home that you should expect.. Even if you have purchased before you will want to recall some of the expenses so you are prepared. Some of the expenses related to buying a home are one-time costs, while others are continuing costs.

Remember to bring a check when shopping for a home. This deposit is required to  accompany your purchase offer.  An offer is not an offer unless it has money attached.  This is different from your down payment

Research shows us most buyers are ill prepared for all the costs involved  in moving whether they be big or small they add up and you should know about them.

As your Realtor® I want you informed and prepared.  I want this experience to be one you are ready for and comfortable with . I want you knowing fully what to expect.  For you to have the least amount of stress and the most amount of joy during this proceess  is for me to be doing a good service for you....

 

Information from  Remax seller/buyer resources

Your largest cost at the beginning is your down payment. As a first time buyer, this would likely represent only 5 - 10% of the purchase price. However, you should be prepared to pay for additional costs, such as:

• Legal Fees & Disbursements
• GST and PST (if applicable)
• Property or Land Transfer Tax
• Adjustments (reimbursed to the vendor)
  • Interest
  • Property Taxes
  • Utility Payments
• Strata or Condominium Fees
• Estoppel certificate fee
• Survey Fee
• Home Inspection Fee
• Water quality and quantity certificate
• Appraisal Fee
• Mortgage broker’s fee (if applicable)
• Mortgage Loan Insurance Premium (if less than 25% down)
• Mortgage Loan Insurance Application Fee (if less than 25% down)
• Moving Expenses
• Renovations and repairs
• Furniture, paint, carpeting, window coverings, etc.
• Service and Utility Hook-up Fees
• Property/Condominium Insurance
• Mortgage Application Fee
• Deed and/or Mortgage Registration Fee

 

Keeping you informed

Its good to be prepared
"Its about your real estate transaction ." Its about you" 






Your Realtor®
Michele