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Determine What Purchase Price You Can Afford

Buying a house involves various one-time costs and monthly expenses.
The largest one-time cost will always be the down payment which usually represents
between 5% – 25% of the purchase price of the property.
Aside from the purchase price, there are a number of
other one-time initial costs that you might be expected to pay for;

Mortgage Application and Appraisal Fee - paid for usually at time of mortgage application

Home Inspection - If you conduct a home inspection, the fee is paid for on the day of inspection

Property Survey - There are various instances when a new survey would be required

Legal Fees and Disbursements - Paid upon the closing of the purchased property

Land Transfer Tax - Paid upon closing

Cost Adjustments for Fuel, Taxes, etc. - adjusted upon closing

Mortgage Insurance - payable upon closing

Moving Expenses - Paid on moving day

On-going Costs

Monthly Mortgage Payment
Home and Property Insurance
City Property Tax

Find the Right Real Estate Agent

Understand what type of Real Estate Market you are facing as a Buyer

Making an Offer on a House

Acceptance of the Offer