Closing Costs when buying a House in Ontario - HousesforSaleOttawa
💼 Buying a home in Ontario? Here are some essential closing costs to consider:
💰 Deposit: Typically 5% of the purchase price, paid within 24 hours of offer acceptance.
💼 Property Appraisal: Cost ranges between $400-$500.
🏢 Land Transfer Tax: Significant part of closing costs, varies based on property purchase price.
🏠 Real Estate Commission: Typically 3.5% to 5% of buying price.
💵 Additional Costs: In some cases, $700-$1500 for ensuring everything is done correctly.
💡 It's important to note that these costs must be paid upfront in cash, so proper budgeting is essential. Get an estimate to budget accordingly and avoid surprises at closing.
🔑 Closing costs are integral to a smooth home purchase. Be aware, budget, and seek professional advice for a successful process. Happy house hunting! 🏡💼
https://www.housesforsaleottawa.ca/closing-costs-when-buying-a-house-in-ontario/
💰 Deposit: Typically 5% of the purchase price, paid within 24 hours of offer acceptance.
💼 Property Appraisal: Cost ranges between $400-$500.
🏢 Land Transfer Tax: Significant part of closing costs, varies based on property purchase price.
🏠 Real Estate Commission: Typically 3.5% to 5% of buying price.
💵 Additional Costs: In some cases, $700-$1500 for ensuring everything is done correctly.
💡 It's important to note that these costs must be paid upfront in cash, so proper budgeting is essential. Get an estimate to budget accordingly and avoid surprises at closing.
🔑 Closing costs are integral to a smooth home purchase. Be aware, budget, and seek professional advice for a successful process. Happy house hunting! 🏡💼
https://www.housesforsaleottawa.ca/closing-costs-when-buying-a-house-in-ontario/
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