Closing Cost For Seller
Lawyer / Notary Fee:
Approximately $250 - $500 including execution of documents, costs of clearing title (including discharge fees charged by encumbrance holders, prepayment penalties), and service charges
Documentation Fee (For Strata Properties Only):
Seller can authorize their agent on their behalf to order strata documents and such documents will be provided to purchaser. Cost of ordering documents from property management company varies from $35 - $200.
Such documents include:
- 2 Years or more of strata council minutes,
- Form B certificate
- recent annual general meeting minutes,
- disclosures statements for new strata,
- strata by-laws, rules & regulations.
- financial statements,
- engineering reports (if available)
Home Inspection Fee : (If applicable)
Approximately $250 - $500
Appraisal Fee: (If applicable)
Approximately $150 - $200
Realtor’s commission:
7% on the first $100,000 and 2.5 % on balance of the sale price; (portion to the agent representing buyer will be 3.255% on the first $100,000 and 1.1625% on balance)
GST on the realtor’s commission:
5%
Cost of Hiring Movers:
Any where between $400 - $2,000 (Higher for larger houses.)