Moving Costs (Buyers)

Purchaser's Costs

Legal Fees: May range from ½% to 1% of the sale price of the property plus disbursements. A Real Estate lawyer will provide you with details, contact Jarmo and he will put you in touch with lawyers he has used in the past.

Disbursements: Include City Tax Certificate, City Zoning Reports, City Engineering Report, Sheriff's Certificate, Registry Office searches, deed registration, mortgage registration, copies, postage, long distance calls, etc. Your lawyer will explain these.

Land Transfer Tax^*:

If under $55,000 multiply by $5 per $1000
(e.g. $40,000 x $5 per $1000 = $200)

From $55,000 to $250,000, multiply by $10 per $1000 then subtract $275
(e.g. $200,000 x $10 per $1000 = $2000 - $275 = $1725)

From $250,000 to $400,000, multiply by $15 per $1000 then subtract $1525
(e.g. $400,000 x $15 per $1000 = $6000 - $1525 = $4475)

Over $400,000, multiply by $20 per $1000 then subtract $3525
(e.g. $500,000 x $20 per $1000 = $10,000 - $3525 = $6475)

^*Special taxes apply to non-residents.

Survey: If no recent survey is available, a new one will cost approximately $700 - $1000. Fees for larger and recreational properties vary. Individual quotes are required.

Adjustments: Money owed for pre-payment of taxes, hydro, gas, fuel oil, etc.

Home Inspection: Will cost between approximately $250 to $400

Arranging the Mortgage: Usually an appraisal fee of about $200 plus an administration fee of about $200 - $300. An up-to-date survey may also be necessary.

The Move: May vary depending on your choice of movers (i.e. professional movers or packing yourself).

JARMO'S committment is to be:

Your Real Estate Consultant...
for LIFE.