There are many costs that Fraser Valley homebuyers incur, especially upon purchasing your first home that you should expect to pay. Some of the expenses related to buying a home are one-time costs, while others are continuing costs.
Your largest cost at the beginning is your down payment. As a first time home buyer, this would likely represent only 5 - 10% of the purchase price. However, you should be prepared to pay for additional costs, such as:
- Legal Fees & Disbursements
- GST and PST (if applicable)
- Deed and/or Mortgage Registration Fee
- Property or Land Transfer Tax (1%, 2%, 3% or none)
- Adjustments
- Interest Charges
- Property Taxes
- Utility Payments
- Strata or Condominium Fees
- Survey Fee (or copy of an existing site survey)
- Home Inspection Fee
- Water quality and quantity certificate
- Appraisal Fee
- Mortgage broker's fee (if applicable)
- Moving Expenses
- Renovations and repairs
- Furniture, paint, carpeting, window coverings, etc.
- Service and Utility Hook-up Fees
- Property/Condominium Insurance
- Mortgage Application Fee
- Mortgage Payment
- Water and/or Sewer Payments
- Electricity and Gas Services
- Cable and Telephone Services
- Property Taxes
- Strata or Condo Fees
- Repair/maintenance Expenses
- Homeowner's Insurance
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| REMAX Little Oak Realty 9 - 2630 Bourquin W. Abbotsford BC V2S 5N7 Bus. 604-309-0898 Fax. 604-870-0724 Cell. 604-309-0898 Toll Free. 1-800-668-8661 Email: info@todclarke.ca Web: www.todclarke.ca |
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Copyright © 2002 Tod Clarke, RE/MAX Little Oak Realty. All rights reserved.
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