Additional Costs of Buying


A home inspection is strongly recommended for most residential properties and will usually be a condition of the offer. Your Sales
Representative can assist you in choosing your home inspector. This ranges from $350 – $500 depending on the size and value of
the property.


You may wish to hire a termite inspector as well as a home inspector if you are buying in an area of the city where termites are
known to be a problem. This could add $200 – $300 to the cost of your inspection.


When you apply for a mortgage, the lender will want to see an appraisal on the property to ensure that the price you are paying falls
within the accepted rage of value for that type of property and that area of the city. The fee for this is usually between $250 – $350.


When you make an offer on a freehold property you will usually ask the Seller to provide a copy of the survey for the property. The
purpose of this survey is to show the boundaries as well as the footprint of the building on the site. If there is not survey available,
you may wish to hire a surveyor to prepare one at a cost of approximately $1,000 to $2,000.


Title insurance provides insurance against the future costs of remedy