"There's Nothing Worse Than Hidden Costs When Buying A House."
Here are some helpful hints to help you avoid any surprises...
Guide to Buying a Home has been prepared by Royal LePage Real Estate Professionals to offer you practical information about the buying process. It outlines steps that you and your Real Estate Professional will follow during your search for the ideal home.
· Purchasing a home involves one-time costs and monthly expenses.
· The largest one-time cost is the down payment. It usually represents between 5% - 25% of the total price of the property.
· In addition to the actual purchase price, there are a number of other expenses that you may incur. These are listed in the following table:
Typical one-time Expenses
|
Expenses
|
Time Of Payment
|
| Mortgage Application and Appraisal Fee |
Time of Application |
| Property Inspection |
Time of Inspection |
| Legal fees and disbursements |
Closing |
| Property Survey if needed |
Closing |
| Land Transfer Tax |
Closing |
|
Mortgage Interest Adjustment and
Take Over Fee (if applicable)
|
Closing |
| Adjustment for Fuel, Taxes etc... |
Closing |
| Mortgage Insurance |
Closing |
| Home and Property Insurance |
Closing and On-going |
| Moving |
Date of Move |
Typical monthly costs incurred with home ownership are mortgage payments, maintenance, insurance, condo fees, property taxes and utilities. To see the ' What You Can Afford Worksheet' to help you estimate the home you can afford contact Your Ottawa Real Estate Agent at email Aaron.
If you're selling – you run the risk of over or under pricing your property. Aaron Cope is an advocate for finding the right deal for both parties.
"How can I find the perfect home at the right price?"
If you're buying – Aaron will match your wants and needs with a list of available properties, eliminating the frustration of wasted of time buyers so often experience.
If there's anything I can do for you, any information or advice your require... anything at all... please ask – I'm Aaron Cope – and I'm always here to help.
