Money Matters: Closing Costs

Here are some Costs to consider before listing your house. Its good to know and list what will be taken out of your bottom line. Some are mandatory and some are not:

1. Real Estate Commission + HST on Commission
2. Lawyer Fees
3. Mortgage Penalty
4. Moving Costs
5. Not on Selling end but if buying you should consider land transfer tax (x2 in Toronto)
6. Renovations on new home and what you did to get ready for your home to sell
7. Home inspection
8. Any appliances that might need repairs
9. Unpaid taxes
10. Unpaid condo or townhouse fees
9 Land Survey if needed
10. Mortgage Application or fee

Its a good idea to talk to your mortgage broker and they can determine closing costs appropriately when deciding what your bottom line will be

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Ernie Arrizza

Ernie Arrizza

Sales Representative
CENTURY 21 Kelleher Real Estate Inc., Brokerage*
Contact Me

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