Typical closing costs to be borne by the Seller can include:
As a seller, you are responsible for the following costs in a real estate transaction:
Lawyer or Notary Conveyance Fees: To clear and transfer the title of the property.
Estate Lawyer Fees: If you're selling on behalf of an estate, these additional legal fees may apply.
Real Estate Commission: The commission agreed upon between you and your realtor.
5% GST on the Real Estate Commission: Applicable tax on the commission amount.
Moving Fees and Related Costs: This may include junk removal, storage fees, or any other moving-related expenses.
Being aware of these costs can help you better prepare for the closing process and avoid surprises. If you have any questions, don’t hesitate to reach out!
