Home Buying

June 18, 2019 12:34 pm Published by

When it comes to buying a home, everyone knows that they need to save the minimum down payment.  However, when you start thinking of buying your own home, you need to remember there are other costs involved.

A huge consideration if the Property Transfer Tax that will be due.  This will be payable on any purchase and this will be broken down as

1% on the first $100,000, 2% up to $2,000,000 and 3% on the balance over $3,000,000

Other costs will include legal fees, insurance, home inspection fees, moving costs etc.

When we work with any prospective buyer, we will discuss all of these in detail so you won’t have any nasty surprises!

 

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This post was written by Shafik