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Coldwell Banker Open Door Realty
107 Willow Street
Truro, NS B2N 4Z8
Telephone: (902) 893-1990
Fax: (902) 893-1319
email: cb@opendoorrealty.ca

Closing Costs Estimate

There are associated costs to buying a home that you will need to plan for. The following list of possible expenses may or may not apply, and represents SOME of the costs you MAY incur when buying a home. Obtaining actual cost figures from the service providers is strongly recommended to enable you to accurately calculate your true costs. And don't forget, HST is added to any services that are rendered.

 FINANCING COSTS
Deposit  (Based on offer, to prove legitimacy as a buyer) $500 - $2,000
Down Payment  (Based on approximate % of purchase price) 0-20% Residential / 30-50% Commercial
Mortgage Application Fee Usually $0, except for Commercial
Appraisal (Sometimes required by your lending institution) $300 - $500
Home Inspection Fee $300 - $500
 PROTECTIVE COSTS
Home Insurance   (Annual cost, depending on home value) $1,000 - $1,500
Survey   (Title Insurance and/or Survey Certificate) $500 each
Water Test (Bacteria is min. req., other tests available) $20 - $150
Legal Fees & Disbursements 1% of Purchase Price
 ADJUSTMENTS ON CLOSING
Heating Oil (Buyer pays for full tank, unless waived in offer) Approx. $1,000
Property Taxes (Buyer/Seller pay portion of year they own home) Prorated
Propane (Buyer pays for full tank, unless waived in offer)  
Propane Tank Rental (if present) Approx. $100 per year
Deed Transfer Tax (Municipal tax, varies depending on county) Approx. 1% of Purchase Price
  ACQUISITION COSTS
Hook-up Fees (Phone, Power, Cable, Internet) Check with Providers
Appliances/Furnishings If Required