Houses for Sale in Edmonton

"RAISING THE REAL ESTATE BAR"

CLOSING COSTS FOR BUYERS

Are you ready to purchase your new home? Often, buyers find themselves overwhelmed with the cost of purchasing a home and should be aware of these extra home costs to ensure you won't be struggling at the last moment to find more cash to complete the purchase of your new home. 

 

When a home is sold, the buyer incurs various closing costs in addition to the property sale price. Although, most of the houses expenses are paid for by the seller, the buyers pays a variety of fees such as mortgage origination charges, title insurance, lawyer, home insurance and property taxes. Depending on the buyer and the home purchased, there may be additional fees including CHMC Fees and other costs agred upon and not covered by the seller costs. Don't forget your moving and utlity hook up costs.

 

If you are not sure of the true cost of purchasing a home, contact one of our experts today for help and free advise.

 

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 SELLER CLOSING COSTS

Before you sell your home, do your homework and estimate your closing costs to ensure you have enough money to make your move. There is nothing worse than sitting with your lawyer and not having enough funds to close your sale.

 

When a home is sold, the seller incurs various closing costs in addition to paying out the remianing balance on thier mortgage and payout penalties. Typical closing costs for a seller may include any property taxes which are in arrears, encumbrances, the cost of a real property report with compliance and/or title insurance, any permits which were not obtained earlier, real estate commissions, any provincial, GST revenue, agricultural or business taxes, liens and legal fees. If the property is a condominium, the seller may also have costs of condominium documents, unpaid condo fees, levies and the estoppel certificate. When selling a house, the sellers costs vary from a few thousand to several thousand.

 

If you are not sure if you have enough equity in your home, contact one of our real estate experts for a free home evaluation.

 

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Houses for Sale in Edmonton
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Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.