24 Feb 2012

Buyers beware – of hidden closing fees

Buying a new home can pose many unforeseen challenges and hurdles, making the process hard, yet worth it in the end. Closing costs are one aspect of buying that some may overlook, Moneyville reports.

According to the source, potential buyers are advised to put aside one to three percent of the total purchase price of the home for payment of the closing costs. Buyers should also factor in between $600 and $900 for legal fees and another $400 for disbursements. Moneyville reports that this money will go towards registering the mortgage, completing a tax certificate and performing a title search on the home.

With all of these hidden extra costs, it's important for buyers to look into affordable self storage in Toronto or other parts of Canada where they can keep their valuables from their current home without breaking the bank.

US News reports that buyers who must first sell their current home should make sure to take the time to repair and update the house they live in now in order to get the best price in the slow economy. Being flexible with offers can also help sellers get a price close to what they want.

Be Sociable, Share!

Related Articles [3]

Amazon’s Underwater Storage Facility Is The Future Of Warehouses

March 15th, 2018
Amazon is one of the world’s largest, most innovative and successful companies who consistently redefines what it means to operate a warehouse based on the online sale of...

Why Self Storage Is Booming In Big Cities

March 5th, 2018
Self-storage has always been popular, but lately, it is becoming increasingly more popular in big cities across the country. People are finding self-storage spaces can be...

4 Tips For Fireproof Document Storage

March 3rd, 2017
We all have valuables that we would be devastated to lose in a fire. Some of them are keepsakes, some of them are worth a lot of money and some of them are important legal...

Leave a Comment






Recent Posts

Blog Categories

Archives

Subscribe to RSS Feeds
Essential SSL