Thursday 14 August 2014

We need even MORE money??? Yikes!

FINALLY...you've saved enough money to buy your very first home.  A dream come true! 
 
You've scrimped and saved, put in extra hours at work and didn't even take that so well deserved holiday this year...
 
 
 
You now have the minimum payment...yay!! 
 
But WAIT!  Didn't anyone tell you - you need more? 
 
Closing costs:  The dreaded additional money needed to purchase a home in Manitoba
 
You will need an additional 3% (to be safe) of the total purchase price of your home.
 
So, what does this cover?
 
 
Land Transfer Tax. 
This is the largest additional cost to you and cannot be avoided.  The cost is calculated on the purchase price of your home.

Legal fee's
These costs will vary by lawyer

Miscellaneous costs
These costs will vary slightly, but include:  Registration costs, survey certificate and zoning memorandum, interest, Title insurance, Tax Certification, Couriers, Titles searches & other miscellaneous costs and charges


If you didn't know about these costs...then you aren't working with the right REALTOR®.

If you would like more in-depth information about these costs or if you have ANY Real Estate related questions ... call
The Tony Marino Team @ Royal LePage ...  today!
204-792-8525


 
 
 
 
 
 
 
 

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