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Selling Costs |
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| When selling a property, it is important
to bear in mind that you may be responsible for the following
costs: |
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Real Estate Commission:
This is usually based on the sale price of the property and
can vary from one real estate agency to another. |
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Legal Fees:
These can range from $ 500 to $ 1,200 depending on the firm
and amount of legal work that is necessary. |
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Discharge of Mortgage:
These will be specified in the mortgage document or as negotiated
with the mortgagee. Costs to discharge the mortgage will include
a legal fee and, if applicable, a penalty, which is sometimes
equal to three months interest on the mortgage or based on an
interest differential calculation. |
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Moving Costs: These
can vary quite a bit, depending on the company you use and the
distances involved. For a three-bedroom house, allow between
$700 to $1,400. |
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