Hidden Costs of Houses Exposed by a real estate agent! Many people struggle to find a detailed price breakdown of houses in Toronto. Here, we explain in detail all the hidden costs of buying a house in Toronto's real estate market 2021.
Including the down payment, lawyer's fees, all the different agents that you will need to get in touch with, costs related to the inspection, maintenance, and finally your move-in.
Also, we break down the detailed expenses of what an $800K house is and how much it would really cost.
Suggested watch: https://youtu.be/RS3R5FINqW0
0:00 - Introduction to hidden costs of houses exposed
0:45 - benefits of homeownership
1:27 - Deposit
1:50 - Down payment
2:16 - Closing costs
2:29 - Land transfer tax
2:47 - Mortgage brokers fee
3:09 - Realtor's commission
3:39 - Legal fee
3:59 - Prepaid property tax and utility bills
4:31 - Title insurance
5:10 - Default insurance
5:46 - Property insurance
6:05 - Other expenses
7:39 - Summary
https://torontorealestatepro.com/blog/hidden-costs-of-houses-exposed
Adnan Feroz
A Serial Entrepreneur heading multiple businesses in Accounting, Coaching, Construction Consulting, E-commerce, Film Production, Marketing and a Studio House. Also, crazy enough to be an Award-winning Real Estate Agent, a YouTuber, an International Bestselling Author and a Podcaster.
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