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In the transfer of ownership, there will
be many financial adjustments between the seller and
the buyer. Some of the costs you can expect to see deducted
from the purchase price are:
- Any prepayment penalty levied by the financial institution
for early pay out of an existing mortgage
- The legal fees to discharge any existing mortgage
whether or not you engage your own lawyer
- The commission you agreed to pay to Royal LePage Coast Capital Realty
- The Goods & Services Tax on the real estate
commission and on your legal fees
- Your share of the property taxes for the year if
the current year’s taxes have not yet been paid, plus
any penalties due for late payment of unpaid taxes
- GST applies to New Homes, Land, and Substantially
Renovated Properties etc. If you are not sure whether
or not GST applies to your property it would be a
good idea to get a letter from the GST Office.
The Properties in Victoria Professionals will
remind you of all the various things to remember before
you leave your present home such as changing doctors
and dentists or of address changes to hydro, telephone
and cable companies, insurance, and discontinued services
such as the newspaper, milk delivery, ordering the movers,
etc.
The day has arrived!! You have signed
the documents, packed your boxes, received your cheque
from your lawyer or notary's office. Your real estate
agent will arrange to turn over your keys to the new
owners.
YOUR HOUSE HAS BEEN SUCCESSFULLY
SOLD BY
The Properties in Victoria Professionals
CONGRATULATIONS!
If You Need Your Property Sold
We Need To Be Told!
CONTACT US NOW!
Liz
Grambart Anders
Treiberg
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