Listing of Expenses Relevant to Sellers
Amount | To Whom? | When? | |
---|---|---|---|
Typical Items: | |||
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. |