Costs Involved in Selling A Home

by | Dec 6, 2016 | Listing Tips | 0 comments

Costs Associated with Selling your home.     Legal Costs:  A Lawyer will charge a fee for their professional services involved in drafting the title deed, preparing the mortgage, and conducting the various searches.  The disbursements on the other hand, ie; out-of-pocket expenses incurred, such as registrations, searches, supplies, plus HST on these services. You should Cost approximately $325-375 for disbursements and $400-$600 for your Lawyer’s fee, depending on the Lawyer you choose.   Utility and Property Tax Adjustments:  Closing adjustments for bills that the seller has prepaid such as property taxes, utility bills, and other charges will be prorated.  Any bills after the closing date are the purchaser’s responsibility.  Your lawyer will let you know what they are exactly once the various searches have been completed.   Real Estate Fees: Your Sales Representative Brokerage usually as a Listing % from 4 – 6% depending on the price of your home, most commonly 5% + HST. That fee is dispersed evenly between the listing and selling Sales...