Blog Post

Buyers - Do Not Forget Closing Costs

Irina Bartnik, Notary Public • Oct 11, 2019
Buyers Don't forget closing costs

Not budgeting properly for closing costs is most common mistake that Buyers make, in my opinion.

If you are expecting to be exempt from paying Property Transfer tax as a First time buyer, carefully examine the eligibility criteria. Not everyone is qualified. Do your own homework.

It is important to check what fees out of the following list will be applicable to you.

Ask your Bank or Mortgage Broker:


  • Mortgage application fee
  • Mortgage default insurance
  • Appraisal fee
  • Survey fee or Title insurance fee
  • Cost of any Bridge financing if needed.

Ask the Realtor:


  • Property Transfer tax
  • Property and municipal tax
  • GST
  • Home inspection fees
  • Strata fees for forms, move in fee, monthly strata fees

Ask your Accountant:


  • Foreign Buyers property tax

Ask Insurance Provider:


  • Cost of Insurance and cost of Insurance binder

Ask your Notary:


  • Legal Closing fees
  • Land Title Registration fee

Happy House Hunting!

🌟🏡 Fraser Valley Real Estate: April 2024 Update! 📈

By Andy Schildhorn • 09 May, 2024
Welcome to our latest real estate update for April 2024, where we delve into the Fraser Valley's market trends! 📊🌱 👀 In this video: Discover the latest sales data and what it means for buyers and sellers. Explore the rise in inventory and the best opportunities in the market. Get insights on pricing trends and how they affect your investment decisions. 🔗 More Resources: Dive deeper into the statistics and get personalized advice tailored to your real estate needs. https://bit.ly/3UNng6V . 🤝 Stay Connected: Subscribe to our channel for weekly updates and expert tips on navigating the Fraser Valley real estate market. Hit the bell icon 🔔 to stay notified about our latest videos! Whether buying, selling, or just interested in real estate, our channel is your primary resource for all things property in the Fraser Valley. Let’s make your real estate dreams come true! 💬🏠 📞 778.835.8957 - https://calendly.com/andyschildhorn 🌐 www.AndytheRealtor.com Your Langley and Fraser Valley Realtor.

🏡 Explore Real Estate Insights with Andy in Langley! 🎤

By Andy Schildhorn • 08 May, 2024
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🤗 Sometimes we need to smile.

By Andy Schildhorn • 08 May, 2024
📣 "I would argue that passion is more important than brain power" - Charlie Munger
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