Real Estate Fees
Real estate fees will vary depending on the level of services provided. These will be discussed with you at our first meeting and confirmed in the documentation we sign. There are important value-added services that I provide to my clients that are covered in my fees which are not typical in the real estate industry. I look forward to sharing these with you when we meet!
A portion of the real estate fees paid by the seller goes to the buyer’s brokerage, a portion to the buyer’s REALTOR®, a portion to your listing brokerage and the remaining portion to your REALTOR®. HST needs to be added to the real estate fee amount as per federal and provincial tax regulations.
Legal fees will vary depending on whether there are one or more mortgages, starting at about $1000 plus HST.
Fortunately for Sellers, disbursements on a sale are minimal. One can expect to pay for items such as tax certificate, sub-search of title, registration of a Discharge of Mortgage and miscellaneous expenses.
As in the case of a purchase, items such as oil, property taxes and condominiums fees are adjusted for up to the day of closing. If the Seller, for example, has paid property taxes or condominium fees which, when calculated on a daily basis, covers a period beyond the closing date, the Seller is reimbursed by the Buyer on closing. If the Seller has underpaid, the Buyer receives a credit on closing. If the house is heated by oil, the Seller fills the tank for closing and is reimbursed by the Buyer for a full tank.