Contact Us
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 |