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   Investment and Property in Georgina, Canada - Call Anna (905) 895-5972




10 closing costs when buying a home:


1 Land Transfer tax. When a home changes hands, many provinces and a few municipalities charge a property transfer tax or title transfer fee. Rates are usually on a scale of 0.5% to 2% of the home's value and can add thousands to your purchase price. First-time homebuyers qualify for rebates or exemptions in some provinces.

2. Appraisal fee. Your lender may ask you to have a home appraised to comfirm its market value. Fees vary depending on a property's value and complexity, but are typically around $300.

3. Legal fees. A lawyer or notary will help protect your interests by reviewing your purchase agreement, searching the property title, and ensuring that all documents are completed properly. Basic legal fees start between $500 and $800, plus disbursements, with added services as needed.

4. Home inspection. An inspection can help make you aware of issues related to a house's structure and systems, such as plumbing and electrical, and recommended or necessary repairs. Fees range from about $350 to $450.

5. Home/fire insurance. Your lender will require proof that the property is insured in case of fire and other damage. Insurance costs vary, depending on the coverage needed, but budget for at least $500 a year.

6. Costs for vewly constructed homes. If you are buying a brand-new home, be prepared to settle any items not quoted in the original price, including upgrades or paving and landscaping fees. New homes are also subject to 5% GST or 13% HST, although this is often included in your purchase price. A federal rebate reduces the GST or the federal part of the HST to about 3.5% for homes valued at $350,000 or less.

7.Prepaid costs. If the seller has paid property taxes, water bills, or utilities in advance, you'll need to reimburse these at closing. This can add hundreds to your upfront costs, but means these bills will be paid for your first months in your new home.

8. Tax on mortgage insurance. If you have less than a 20% down payment, your lender will require that you obtain mortgage default insurance. You can roll the cost into your mortgage payments, but the PST is due at closing. For example, if your mortgage insurance is $5,000 and the PST is 8%, you'll pay $400.

9. Title insurance. Title insurance can safeguard you against fraud and problems with your property title or survey. Fees range from $150 to $350.

10. Moving-in costs. Before the big day, budget for all those last-minute things: $100 or more to rent a van or a few hundred for professional movers, $50 to $60 for a locksmith to rekey your locks, and cleaning supplies. Such incidentals can easily come to $500 or more.


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Anna Belyntseva
Sales Representative

Office:  (905) 895-5972
Mobile: (905) 252-0388

  

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Keller Williams
Realty Centres
Real Estate Brokerage

Sutton Office
21100 Dalton Rd, Jackson's Point

ON L0E 1L0
 

ANNA - YOUR AGENT

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Buying Services for Georgina Home Buyers And Distress Sales in York Region



Congratulations!  You have decided to purchase a home, or are thinking about buying one.  You'll be joining the ranks of hundreds of families who realize that home ownership offers a number of benefits including building equity, saving for the future, and creating an environment for your family.  When you own your own home, your hard-earned dollars contribute to your mortgage. The equity you earn is yours.  Over time, your home will increase in value.

If you are here to get your list of DISTRESS SALES  of properties in York Region, please go to the bottom of the page and fill out the required information to start receiving your list of BANK OWNED properties today. Please be sure to put the words DISTRESS SALES  in the comments section provided.

In the following reports, you'll find the information you need to make a wise buying decision.  We'll take you through the planning process step-by-step , to help you determine which home is right for you.  You'll find a host of informative articles on mortgages, viewing homes, the offer, closing details and moving.

Please contact me if you have any questions about buying a home in Georgina or elsewhere in Ontario.

Below, select desired reports and complete the form provided.

Avoid Common Buyer Errors
Some buyers, however, caught up in the excitement of buying a new home tend to overlook some items. When you have a systematic plan before you shop, you’ll be sure to avoid these costly errors. Here are some tips on making the most of your home purchase.
But Do You Need It
Buying a home can be an emotional, time-consuming, and complex process. There are a few things that you can do to help make the process go as smooth as possible.
Buying Your First Home
Many renters are starting to think about purchasing a home of their own. This article highlights several factors that should be considered when purchasing a home.
The Right Home at the Right Price
This article helps you become a savvy buyer, by pointing out some of the pitfalls inherent in the home-buying process.
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Georgina Recreation Plan


Georgina Town Recreation

THE ROC (RECREATIONAL OUTDOOR CAMPUS) is the recreational, social and historical centrepiece of the Town of Georgina and a major regional tourist attraction providing opportunities for active and passive recreation, socialization, economic development and celebration that contribute to the health and well being of residents and to pride in this great community.


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