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Talk to Ron about expenses to plan for when you purchase a Montreal, West Island or Laurentian home or property.

EXPENSES TO PLAN FOR WHEN BUYING PROPERTY

EXPENSES TO ALLOW FOR PRIOR TO SIGNING THE DEED OF SALE
  • Building Inspection
  • Mortgage Arrangements: Conventional mortgages require 20 % cash contribution
    Mortgages insured by CHMC require less than 20 % cash contribution
  • Offer to Purchase Deposit
EXPENSES TO ALLOW FOR WHEN SIGNING BEFORE THE NOTARY
  • Notary fees
  • Tax redistribution and refunds : Refunds are calculated from the date of the signing of the deed of sale. You are responsible for reimbursing the seller for the number of days paid to date for Municipal taxes and School taxes
  • Heating oil tank : The seller is required to have the tank filled on the day of the signing of the deed of sale and submit the invoice to the notary for reimbursement in full by the buyer.
  • Electricity meter (Hydro Québec) : The buyer and the seller must notify Hydro Québec of the date the property is scheduled to change hands, have the meter read, and ensure that all amounts owing are properly allocated.
  • Homeowner Insurance : Upon signing of the deed of sale, you must present proof that you have contracted homeowner's insurance in an amount equal to or greater than the mortgage on the property.
Knowing what to expect when you buy a house can make the difference between a smooth transition to your new home and one that is stressful. Talk to Ron, he has helped over a thousand families buy a West Island Home.


EXPENSES TO ALLOW FOR AFTER HAVING SIGNED THE DEED OF SALE

Land transfer Tax
also know here as the
Welcome Tax

Moving Costs
Home Improvements