SELLING A HOME
BUYING A HOME
HELPFUL LINKS
 

The following costs may be used as a guideline to prepare you for the extra costs associated with buying a home. You should budget 1.5%-2.0% of the purchase price to cover the closing costs outlined below.

  1. Legal Fees & Disbursements:
    You will need a lawyer to close the deal. The flat fee for legal services is approximately $650 - $850 – depending on the lawyer. In addition to this fee, you will also have disbursement costs for title searching/registering the deed/tax certificates etc.. This paperwork will be requisitioned from the City by your lawyer and the cost billed back to you. The approximate costs for disbursements for a normal transaction are $500. Approximate total for legal fees & disbursements: $1600-$1800. These fees are payable on the day of closing.
  2. Land Transfer Tax:
    The Province of Ontario charges a fee to transfer ownership of a property. For example: Land Transfer Tax on the purchase of a $240,000 home is $2125. I will help you determine the exact LTT when you have purchased your home. First time buyers are exempt up to $ 2000.00 Land Transfer Tax is payable the day of closing through your lawyer.
  3. Building Inspection:
    It is advised that you have a Building Inspection prior to waiving the conditions on the purchase of your home. The fee for this service is approximately $390 - $430. This fee is payable at the time of the inspection.
  4. Mortgage Fees/Financing Costs:
    Most banks charge an application fee as well as an appraisal fee. Some banks will waive one of these fees if you ask or negotiate with them. These fees are usually added onto your mortgage. If you are using CMHC to insure your mortgage, you will have to pay an application fee. If you do not qualify, this fee is refunded to you. The Premium is added to your mortgage but remember: PST is payable on the Insurance Premium charged by CMHC. This is payable the day of closing through your lawyer.
  5. 5. Final Adjustments:
    Adjustments are any pre-paid or unpaid property taxes or condo fees. Oil fuel left in the oil tank is also adjusted for. Your lawyer will advise you of the total adjustments prior to closing on a Statement of Adjustments. These costs are payable on the day of closing.
** If you plan to convert to Natural Gas heating from oil, have your lawyer notify the Vendor’s lawyer so the oil tank is not filled prior to closing. Otherwise you will have to pay for the fuel and also pay to have it removed. This could save you hundreds of dollars. 		 

Meggi,we want to take this opportunity to thank you for the fantastic job you did selling our house. We especially appreciate all of the extra work your did to care for the house after we left for Calgary.
Glen & Heather

She is truly an "expert" and was most conscientious in handling even the smallest details
E. Stewart

Thank you for your excellent advise & guidance. Your very good negotiating talents were greatly appreciated.
Luc & Carole

Meggi is a thoughtful caring & fun real estate agent who we trusted and really enjoyed being with.
Cheryl & Roger

Having listed with other agents and being very frustrated with the lack of results, You brought a new excitement to the whole process. You went to bat for us. Thank You
N. Parshad

You are a woman and realtor I respect and admire , and I would recommend your services in a nano-second. You are always ready to embrace new ideas - which is why you will always succeed. I wish you continued success.
Sincerly Jo

With Your Jovial personality and positive attitude, you made our needs top priority. We no longer see you as our real estate agent, but also a friend.
Angela & Wayne

By following Meggi's suggestions, we were able to sell our house within one week for 98% of the asking price.
Ronald & Brigitte.

Meggi, for your energy, enthusiasm and expert eye, Thanks ! We now own our perfect home, we owe you a debt of gratitude for it.
Neil & Kirsti

Being first-time buyers, we were fairly overwhelmed with the thought of such a daunting task, but luckily we had you there to guide us through, Thanks Meggi.
Jamie & Shannon

We were impressed by your professional yet open & personal conduct. You worked tirelessly, evenings, nights and delivered exceeding our expectations.
George & Jitka

We always felt that you are our agent, and that you are, at all times fully protecting our interests. You came through with flying colors.
Mr. & Mrs. Taranovsky

Your professionalism, dedication and sense of humor helped to make the process of selling our home less stressful.
Thank You My Friend.
Jean

From the very first time we talked, I knew I found the right person. Our house was sold in three days at full price. Your research is through and you get results.
Ron Scott

You have done a wonderful job selling our home on the fourth day of listing. And your price range was right on. We have been amazed and very, very happy. Elisabeth & Joe Finak

You provided me with a wonderful service. Found a fantastic neighbourhood, solid home. I strongly recommend your services to anyone looking to buy or sell a home in Ottawa.
Bernard

Delightful, extremely knowledgeable, She never pressured us, always made sure we were comfortable with whatever we decided.
Craig & Laureen

We cannot believe the service you provide to your clients. Meggi you are so dedicated, hard working, smart. We have a tremendous respect for you. You are one of a kind.
Paul & Lisa

Meggi's nurturing support made me feel comfortable as a first-time home buyer and single woman. Meggi went above and beyond the call of duty and her invaluable efforts have not gone unnoticed. Thanks a million Meggi!
Angela

Meggi came into our world and handled everything in a amazing, professional manner. She is a wonderful real estate agent working hard and going abaove and beyond anything she has to do. We feel honoured to have had Meggi on our side....she truly is a marvel!
Eleanor & Bob

Meggi is very caring and at the same time a very strong negotiator. She was looking after our best interest. She was creative and very resourceful. We trusted her completely. We will tell our friends and co -workers about her exceptional services. Bravo Meggi!
Maria and Tony

  
© Copyright 2003-10
Meggi Byers, Sales Representative
RE/MAX Affiliates Realty Ltd. Brokerage
Independently Owned and Operated
Nepean: (613) 216-1755
Kanata: (613) 457-5000
Direct: (613) 850-8057
Fax: (613) 825-0878
Email: meggib@sympatico.ca