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Purchaser's Costs

Legal Fees: Range from .5% to 1% of the sale price of the property plus disbursements. A Real Estate lawyer will provide you with details.

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.

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 pre-payment of taxes, hydro, gas, fuel oil, etc.

Home Inspection: Will cost approximately $400 to $950

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.

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