Listing of Expenses Relevant to Sellers
|Real Estate Commission||Approximately 5%||Listing Brokerage||At time of Closing|
|Legal Fees & Disbursements||Estimate $1,500 plus HST||Own lawyer||At time of Closing|
|Utilities or Property Tax Adjustment
(Seller to reimburse buyer if not paid up)
|TBD||Seller's lawyer||At time of Closing|
|Moving Expenses||TBD||Own mover||Prior to and at Closing|
|Other Possible Items:|
|Payoff Mortgage Balance
(If balance owed and mortgage not ported)
|TBD||Mortgagee||At time of Closing|
|Property Inspection||Estimate $400-$600 plus HST||Own inspector||Sometimes helpful for listing|
|Property Survey||$1,500-$2,500 plus HST||Own surveyor||Sometimes helpful for listing|
|HST||13% of Purchase Price||Government||On new construction only.
Typically paid by builder.