Guide to BUYING Your Home       " Market Evaluation Form "

Purchasing a home involves one-time costs and monthly expenses.

The largest one-time cost is the down payment. It usually represents between 5 - 25% of the total price of the property.

In addition to the actual purchase price, there are a number of other expenses that you might be expected to pay for. These are listed in the following table:

Typical One-Time Expenses

EXPENSES	PAID
Mortgage Application & Appraisal Fee	At time of application
Property Inspection (Optional)	At inspection
Legal Fees	Closing
Legal Disbursements	Closing
Property Survey Sometimes provided by seller	Closing
Land Transfer, Deed Tax or Property Purchase Tax (in Quebec within 3 months following signing	Closing
Take Over Fee (if applicable)	Closing
Adjustments for Fuel, Taxes, Etc	Closing
Mortgage Insurance (and application fee if applicable)	Closing
Home & Property Insurance	Closing and On-going

Typical monthly costs incurred with home ownership are mortgage payments, maintenance, insurance, condo fees, property taxes and utilities, See the "What You Can Afford" Worksheet to help you estimate the approximate purchase price of a home you can afford.

Return to: Guide to BUYING Your Home

Heather can send you information on any Property Listed For Sale on the Multiple Listing Service in the Ottawa area. If you would like her to help you locate a home,
please fill out her Real Estate Information Request Form.

Return to Heather's Properties

Or perhaps you are considering selling your home in the near future, Heather can also offer you a Free No-Obligation Market Evaluation.

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