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The sales tax in Ontario is 13% of the real estate commission fee, or $3,250. The legal fees are approximately $1,300, based on a typical range of $1,000 to $1,600. In total, Bobby will pay $29,550 in the cost of selling his home. Assuming he owns all of the equity in his home, he will receive $470,450 upon closing.
Sep 30, 2024 · On average, the cost of a cleaning company in Canada will come in around $216, with most homeowners spending anywhere between $150 – $304. Cleaning companies usually charge by the hour or by square footage so do your calculations in advance to give you a better idea of how much space you’ll need covered. Per hour costs can range between $64 ...
May 4, 2022 · A 4% real estate commission on a house that sells for $500,000 will set you back $20,000. In a hot market, you may be able to avoid this fee by selling your own house. But it’s still wise to hire an appraiser (starting at around $400) to put a value on your house. You’ll also need a real estate lawyer to draw up the paperwork.
May 20, 2023 · Home Inspection Fees. In a buyer’s market, homebuyers will generally request a home inspection before purchasing your home. In certain circumstances, you might be responsible for covering the costs of a home inspection, which can be as high as $500 to $1,000. However, this is usually the buyer’s responsibility.
Sep 28, 2023 · Legal fees are another cost of selling a house. A seller could typically expect to pay between $500 and $1,000 for a lawyer to complete the title search, letter of direction and other closing paperwork on their behalf. The biggest cost for a seller in a home sale is usually the commissions paid to both the seller’s and the buyer’s agents.
So how much does it cost to sell your house? That depends on you, where you live, and your property, but here are five expenses to consider. ... August 19, 2024.
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Selling your home with a realtor. If you use a realtor, you pay a commission based on the home’s sale price. Realtor commissions may be negotiable, but typically range from 2% to 6%, depending on your location. The realtor can: give you tips to prepare your house for showings. arrange showings and open houses.
