How much savings do you need for a Property?
It's important to know how much money you need in savings before you can consider purchasing a property. Here is a list of common start-up costs:
• Property Inspection
• Property Evaluation (Appraisal) *Subject to lender's condition*
• Provincial tax (9%) on the Mortgage Insurance premium
• Notary fees
• Adjustment costs determined by the notary (Heating, Municipal & School
•Taxes, Equipment rental contract, etc.)
• Property Transfer Tax (Welcome Tax)
• Moving expenses
The real estate agents as Landmark Group (Landmark Finance and Landmark Realties) are just a call away if you need advice on buying property. With a long lasting heritage we can ensure you will receive the best possible advice when it comes to property costs.
Please all us at 514-316-5555 or visit: https://landmarkrealties.com/en/buysel-details-2/?buysell_id=190
Comments
Post a Comment