We know that buying or selling a property in our beautiful region is a big decision. After all, it’s more than just finding the perfect waterfront cottage or dream home; it’s about understanding the financial landscape. That’s why we’ve created this brief guide to break down the key real estate fees you can expect in Haliburton County, Ontario. By familiarizing yourself with these costs upfront, you can make informed decisions and avoid surprises throughout the process.
Understanding Closing Costs:
Closing costs are additional expenses you’ll encounter during the final stages of your real estate transaction. In Ontario, these typically range between 3% and 4% of the purchase price and can include:
- Land Transfer Tax: This tax is paid to the provincial government and may also be applicable to the municipality. The amount varies based on the property value.
- Lawyer and Legal Fees: Legal representation is crucial, and Trillium Team can recommend experienced real estate lawyers in Haliburton County. Fees typically range from $500 to $1,500 + HST.
- Property Survey: A survey verifies property boundaries and structures. Costs vary depending on location and property type, typically between $1,500 and $6,000.
- Home Inspection Fee: Uncover potential issues with a professional inspection. This can save you thousands in future repairs, and typically costs around $500.
- Property Appraisal Fee: Mortgage lenders may require an appraisal to determine the loan amount. This usually falls between $300 and $600.
Your Trusted Real Estate Partner in Haliburton County
Understanding these fees is key to a smooth real estate transaction. The Trillium Team’s expertise extends beyond just buying and selling properties – we’re here to guide you through every step of the process. Our team boasts top Royal LePage agents specializing in waterfront properties, residential real estate, and cottages.
Ready to Get Started?
Contact Trillium Team, Your Haliburton County Real Estate Experts, today! We’ll answer your questions, explain the intricacies of the Haliburton County market, and help you achieve your real estate goals.
- Call/Text: 705-935-1000
We look forward to working with you!
Sources:
- https://wowa.ca/calculators/closing-costs
- https://wowa.ca/calculators/commission-calculator-ontario