Closing Costs in British Columbia
Posted by Chris Raven on
Closing Costs in British Columbia
Closing costs in British Columbia typically include several expenses that home buyers need to pay at the end of the real estate transaction. Some common closing costs in British Columbia may include:
PROPERTY TRANSFER TAX:
This tax is calculated based on the property's purchase price and must be paid when the property title is transferred.
LEGAL FEES:
You will need to hire a real estate lawyer or notary to handle the closing process, including title searches, document preparation, and transferring funds.
HOME INSPECTION:
It is recommended to have a home inspection conducted before finalizing the purchase to uncover any potential issues with the property.
APPRAISAL FEES:
Your lender may require a…
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