April 13, 2020 | Good to Know

Closing costs when selling a home?

There are closing costs associated with the sale of a home. These are typically but not limited to 1) Lawyer fees; 2) Potential mortgage fee; 3) Realtor fee. These are typically the three fees. Depending on the deal there could be others.

 

What do home inspectors look for when selling a house?

Home inspectors are typically looking for patent defects in the home. They cannot state what is not visible to the eye. Home inspectors will report on local building code violations, wiring, age and state of fixtures, appliances, roof, exterior envelope. Their job is to provide as much insight into the home as possible for the buyer.

 

Who pays capital gains on selling a home?

Capital gains are possibly incurred by the seller if 1) the house is newly built; 2) mostly renovated for resale (government details the specifics); 3) income/investment property

 

Realtor fees when selling a home?

Professional Realtors do charge a fee to sell the home. This may include professional photography, marketing, staging, along with the professional services detailed by the individual Realtor.

 

HST when selling a home in Ontario?

HST is charged to the seller if the house is brand new. There is HST on the Realtor fees and lawyer services in Ontario.

 

What costs are associated with selling a home?

The common costs associated with selling a home are 1) Realtor fees; 2) Lawyer fees; 3) Mortage breaking fees (if not transported); 4) Staging (possibly); 5) Painting & repairs (possibly); 6) Mover fees

 

What are closing costs when selling a home in Ontario?

The closing costs when selling a home in Ontario are typically, but not limited to, 1) Lawyer fees; 2) Potential mortgage fee; 3) Realtor fee. These are typically the three fees. Depending on the deal there could be others.

 

What fees to expect when selling a home?

The fees you can expect to pay when selling a home are, but not limited to, 1) Lawyer fees; 2) Potential mortgage fee; 3) Realtor fee. These are typically the three fees. Depending on the deal there could be others.

 

What makes for a professional realtor?

A professional Realtor 1) Goes above and beyond their simple duties; 2) Is trustworthy; 3) Listens; 4) Leads clients; 5) Strategizes; 6) Is an excellent negotiator; 7) Attend exceptional seminars & conferences; 8) Is an excellent marketer.

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