Nav Re/Max
05/03/2022
🚨Closing Costs🚨
👉🏻 Closing costs are a factor that most buyers tend to forget about when budgeting and searching for their dream home.
📌 Closing costs are the fees and charges in excess of the purchase price of the property due at the closing of a real estate transaction.
Closing costs typically are 1.5% of the home’s purchase price. In some instances the closing costs can be more than 1.5% as well. 👈🏻
📌 Closing costs are generally referred to as the Land Transfer Tax (LTT), Real Estate Lawyer Fees, Municipal Land Transfer Tax (MLTT; only applicable if the property is located in Toronto), Title Insurance, Fire Insurance, and other miscellaneous expenses (such as inspection costs, moving costs, etc).
🚨 It is best recommended as a buyer to budget accordingly so that you have sufficient capital to cover for closing costs above your downpayment on the home.
An experienced realtor, like myself or an experienced mortgage broker can help you determine these costs and help you coordinate your purchase and make it an stress-free process. Being prepared for these extra costs before-hand save you a headache as a buyer at the time of closing. 👈🏻
To learn more about closing costs or how to budget for your next real estate purchase and other real estate related inquires you can connect with me from the link in my bio for a short phone call or in person meeting. 📲
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Nav Multani
416-556-3829
04/19/2022
There are no secrets to success. It is the result of preparation, hard work & learning from failure✨
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Nav Multani
416-556-3829
04/14/2022
Just Secured A Beautiful Unit At Tek Tower Condos In The Heart of Kitchener 🔥
🚶♂️Steps away from transit
📌Assignment included
👉🏻Locker included
💰Client secured this property 2 weeks before public launch date, making him $100K on his unit in just 2 weeks. (🔑Benefits of working with a platinum agent)
📌Client still has plenty more room for growth and to make higher returns with closings being in 2026.
Are you looking to start your real estate investment journey or looking for first access to Pre-Con projects? Let’s get in touch from the link in my bio for a quick meeting or phone call 📲
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Nav Multani
416-556-3829
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2720 North Park Drive
Brampton, ON
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