JayVanular

Jay Vanular
Sales Representative

Right at Home Realty Inc., Brokerage
1032 Brock Street S, Whitby ON
Unit 5&6, L1N 4L8
Cell:905-718-9927
Direct Office: 905-665-2500
Email: jay@jayvanular.com

Here is the Brick Certificate that you can download by registering on the website.

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What are the costs associated with buying a home?

First and foremost, you have to make sure you have enough money for a down payment - the portion of the purchase price that you pay yourself.

To qualify for a conventional mortgage you will need a down payment of 25% or more. However, you can qualify for a low down payment insured mortgage with a down payment as low as 5%.

Second, you will require money for closing costs (approximately 2.5% of the basic purchase price).

Third, if you want to have the home inspected by a professional building inspector - which I highly recommend - you will need to pay an inspection fee. The inspection may bring to light areas where repairs or maintenance are required and will assure you that the house is structurally sound. Usually the inspector will provide you with a written report. If they don't, then ask for one.

Fourth, you will be responsible for paying the fees and disbursements for the lawyer or notary acting for you in the purchase of your home. We suggest you shop around before making your decision on who to use, because fees for these services may vary significantly.

Additionally, there are closing and adjustment costs, interest adjustment costs between buyer and seller and (depending on where you live) land transfer tax - a one-time tax based on a percentage of the purchase price of the property and/or mortgage amount.

Finally, you will be required to have property insurance in place by the closing date. And you will be responsible for the cost of moving. Remember, there will be all kinds of things you'll have to purchase early on - appliances, garden tools, cleaning materials etc. So factor these expenses into your initial costs.

on 22/05/2014 by Super User
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470 BOND ST, Oshawa - $399,990
470 BOND ST, Oshawa
Perfect Home For First Time Buyers, Downsizers Or Investors! Don't Let The Market Leave You Behind--This Is Your Opportunity To Own A Home Cheaper Than Renting! Solid Brick Bungalow Centrally Located With Tons Of Parking. Sunny & Bright, Super Clean
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6 THOMAS WOODLOCK ST, Clarington - $559,900
6 THOMAS WOODLOCK ST, Clarington
Ok So Where Do We Begin? Maybe W/The Upgrades! Cesar Stone Countertops, Marble Ribbon Backsplash, Extended Cabinets & Gorgeous Backyard. Less Than 5Yrs Old, This Stunning Bungaloft Features 9' Ceilings, Open Concept Kitchen O/L Great Room W/Gas Fp.
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#108 -17 BALDWIN ST, Whitby - $469,000
#108 -17 BALDWIN ST, Whitby
Retail Condominium In The Heart Of Brooklin. Bank Anchored Plaza. Hwy 7 And Hwy 12. No Food Prep, Odour Producing Or Wet Uses Allowed As Per Condo Rules And Regulations. It Is Dscc No.280 And Includes Snow Removal, Garbage, And Common Elements. It
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