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Faye Schultz - Cambridge Ontario Real Estate property information
 

Faye Schultz
Sales Representative

Direct Line:
519-221-1188

Crown Realty Services Inc

Brokerage

519-740-6400

480 Hespeler Rd,
Cambridge, ON
N1R 7R9

What costs of selling will I incur?

Real Estate Commission:
Commission is based on the sale price of the property. This amount should be discussed directly with your listing agent prior to selling your home but is typically 5% on exclusive sales and 6% on MLS sales. My fee is deternined prior to listing based on your situation. This amount is paid on the closing date of your sale.

Legal Fees:
A lawyer will charge additional fees if you are selling your current home in addition to purchasing a home. Check with your lawyer for a quote but you can estimate approximately $500. - $700. Plus Disbursement Costs of $300-$400. These are actual costs that the lawyer pays on your behalf.
Note that legal rates also vary greatly. Do NOT select a lawyer based on fee alone.

Discharge of Mortgage:
As specified in the mortgage document or as negotiated with the mortgagee. Costs to discharge will include a legal fee and, if applicable, a penalty is charged if the mortgage is paid out prior to the end of the term. This process will be handled by your lawyer.

Moving Costs:
This is based entirely upon the method you choose to use for your move. If renting your own truck or using a mover, get at least two quotes.

Survey:
Sometimes supplying a current survey often facilitates a sale. Allow approximately $1,000. for a residential lot within the city.
These costs, with GST, are approximations only and will vary according to your choices and circumstances. For information on other considerations, just ask 

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Recipient of
"Paul Harris Fellow"