Buyers - Do Not Forget Closing Costs
Irina Bartnik, Notary Public • October 11, 2019
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!
Besides this Husky being adorable...also...adoptable😀 Read more here.   📣 "In the real estate business, you learn more about people, and you learn more about community issues, you learn more about life." - Johnny Isakson
The Township is offering a variety of free and low-cost outdoor events in every neighbourhood during July and August. “Summer Nights in the Township is a series of free and low-cost family-friendly events held throughout the Township that are open to residents and non-residents. Everyone is welcome to attend. We try to rotate events throughout the Township to give people the opportunity to enjoy a free experience close to home,” said special events manager, Kevin Muirhead. “This year’s lineup includes concerts, movies in the park, Family Fun Nights and a Community Water Fight. Plus, we have our popular events at The Outdoor Experience at Aldergrove Community Centre returning this year as well.” Concerts at the Willoughby Community Park Amphitheatre every Thursday evening at 7 p.m. will showcase talented musicians from different genres, while outdoor movies at various parks will feature family-friendly films. Find out more
The Township of Langley Traffic Cameras for up to date traffic information. Click here
