Costs of Selling a Home
The follwing checklist identifies a number of costs sellers frequently encounter when selling a property, and may be required to close the transaction. The seller should review the list carefully with his/her Realtor to determine which costs apply on the property.
| 1. Property Costs |
Amount |
| - Cost of removing liens on property |
$ |
| - Unpaid condominium maintenance costs |
$ |
| - Cost of underpaid realty taxes |
$ |
| 2. Legal Costs |
- |
| - Lawyer's conveyance costs |
$ |
| - HST on legal fees |
$ |
| 3. Mortgage Financing Costs |
- |
| - Balance of mortgage payable |
$ |
| - Interest on mortgage since last payment |
$ |
| - Mortgage prepaid penalty |
$ |
| - Mortgage lender discharge fee |
$ |
| - Mortgage assumption fee on credit to buyer |
$ |
| - Other |
$ |
| 4. Real Estate Commission |
- |
| HST on real estate commission |
$ |
| - Other |
$ |
| 5. Closing Adjustments/Income |
-- |
| - Property taxes |
$ |
| - Heating (oil/gas, etc) |
$ |
| - Homeowners insurance |
$ |
| - Prepaid realty taxes |
$ |
| - Prepaid utilities |
$ |
| - Prepaid condominium maintenance fees |
$ |
| - Prepaid municipal assessment |
$ |
| - Other |
$ |
| 6. Moving Costs |
- |
| - Movers costs |
$ |
| - Box purchases or rentals |
$ |
| - Moving insurance |
$ |
| - Storage charges |
$ |
| - Box packing assistance |
$ |
| 7. Utility Disconnection Costs |
- |
| - Telephone disconnection |
$ |
| - Cable disconnection |
$ |
| - Gas disconnection |
$ |
| - Electrical disconnection |
$ |
| - Water service disconnection |
$ |
| - Other |
$ |
| Total Cost - - > |
- |
