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Use our exclusive Pre-Construction Condo Closing Costs Calculator below to get an idea of your upcoming closing costs. Get the FREE Closing Costs Calculator Purchase Price
Generally speaking, closing costs usually add up to 1-4% of the purchase price. Although a 1% difference in closing cost may seem small, it could end up being thousands of dollars. The more homework you do for your pre-construction condo closing costs, the better prepared you’ll be.
From interim occupancy fees to final closing costs like land transfer tax, development charges, and legal fees, these costs are paid 2-3 months before getting the keys to your brand new home. Let’s break down these costs and help you make an informed buying decision.
Dec 9, 2023 · For example, on a $500,000 condo, you should budget between $5,000 and $20,000 for closing costs. Consult with your realtor and real estate lawyer during the cooling off period to understand these expenses.
Find out your closing costs using our interactive closing cost calculator. Get a full breakdown of what you’ll need to pay in Canada, from land transfer taxes to title insurance.
Jul 27, 2023 · In this article, we will delve into the details of closing costs associated with buying a pre-construction condo in Ontario, providing you with a comprehensive understanding of what to expect and how to plan accordingly.
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May 6, 2021 · Did you know that pre-construction condos have a different set of closing costs than you’d find in a resale transaction? Although they’re both termed “closing costs,” the fine print between the two lists of fees varies slightly. We’re here to break down what to expect in closing costs for your pre-construction condos.
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related to: How much do pre-construction condo closing costs cost?Closing Costs Can Be Complicated, We Can Simplify Them For You. Compare Loan Options and Compare Rates. Get Started Now!
Highest Satisfaction for Mortgage Origination, 2010-2017 - J.D. Power