The 'Costs' of Buying a House
Home ownership is an exciting prospect and a big step whether it's your first (or fifth) time. As one of life's big decisions, the financial ramifications can also last that long if not accounted for in your budgeting. This article is to help make you aware of key costs associated with buying a home.
With over 70 years of combined Real Estate legal experience, our team suggests that in addition to legal fees you can expect to pay for the following expenses:
Of course, there are also things like moving costs and possible prepaid taxes, utilities, or condo fees, but a quick search will show you there are many helpful blogs for home buyers from reputable sources (i.e., major banks).
Legal Counsel
Seeking legal counsel when buying or selling a home in Alberta is very important because of mortgage company requirements and risk factors if you don’t obtain legal representation.
We're here if you're ready, or you can always contact us to set up a free 15-minute consultation.
Click Here for More Information on Our Related Services.
With over 70 years of combined Real Estate legal experience, our team suggests that in addition to legal fees you can expect to pay for the following expenses:
- Registration fees at the Land Titles Office (transfer of land, mortgage)
- Ordering Certified Copies of title to the property
- Tax certificates
- Title insurance
- Property Appraisal / Building Inspection
- Courier charges
- GST and/or HST
Of course, there are also things like moving costs and possible prepaid taxes, utilities, or condo fees, but a quick search will show you there are many helpful blogs for home buyers from reputable sources (i.e., major banks).
Legal Counsel
Seeking legal counsel when buying or selling a home in Alberta is very important because of mortgage company requirements and risk factors if you don’t obtain legal representation.
We're here if you're ready, or you can always contact us to set up a free 15-minute consultation.
Click Here for More Information on Our Related Services.
Disclaimer: The information on this web page is meant as general information only. It is not meant to be used as legal advice for specific legal problems. Information is checked for legal accuracy at the time it is posted but may become outdated as laws change.