Found 2 blog entries tagged as home buying.

Buying a home is likely going to be the largest purchase of your life, and the total cost goes beyond just the purchase price.  Here’s what you can expect for costs associated with your purchase.

  • LAND TRANSFER TAX | .5-2% of value

  • When a home changes hands, many provinces and a few municipalities, charge a property transfer tax, or title transfer fee.  It can add thousands to your purchase price. (First time home buyers qualify for rebates or exemptions in some provinces)

  • APPRAISAL FEE | around $500

  • Your lender may ask you to have a home appraised to confirm its market value.  Fees vary depending on a property’s value and complexity… CLICK HERE TO CONTINUE READING

  • LEGAL FEES | $500-$800

  • A lawyer or…

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There are many reasons why you should consider owning a home, here are ten reasons to seriously consider if homeownership is for you:

To quit renting – This is probably one of the biggest reasons people consider.  Why contribute to someone else’s mortgage when you could be paying off your own? With the current market increase in rent, it could even be cheaper to own.

Security – You don’t have to worry about your house being sold from under you, where rent can substantially increase without notice; forcing you into debt or even out of your home.

Investment – The price of real estate continues to increase.  Purchasing real estate is one of the safest long term investments a person can make.  A house appreciates in value over the years. Once…

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