EXIT Realty New View

Vendor Closing Costs - From Offer to Moving Out!

Lawyer: Provide Deed	Tax Adjustment: Division of Yearly Tax Assessment
Keys: To Lawyer	Insurance: Cancel or Transfer to New Home
Mortgage Penalty Payout: Talk to your financial institution - get it in writing	Pre-Closing Inspection: If the house is weatherized or water disconnected it must be ready or reconnected for pre-closing.
NBEPC: Disconnect or Final Reading	Telephone: Disconnect
Television Cable: Disconnect	Fuel Oil: Method of Adjustment
Water Meter Reading: Towns, Villages	HST: There is 13% HST on the Real Estate Commission Fee

Buyers Costs - From Offer to Moving In!

Legal Fee's 1 to 2% of purchase	Tax adjustment
House Insurance	Oil Adjustments
Land Transfer Fees	Survey if needed
Water Test	Water Adjustment
Hydro Hook-Up	Land Title Insurance (Opt)
Downpayment (usually 5% of purchase price)	House Inspection at Buyers Request
Cable Hook-Up	Telephone Hook-Up
	Real Estate Fee if Buyer Agency Exists