Before you take ownership
We all know that you have to put down a minimum for a down payment for a home. But one of the things that you might not realize is that once you put in an offer and it is accepted, it is customary to send a deposit to the seller. Deposits range, but generally, we see deposits between 5-20 per cent of the down payment on the home. In most cases, you will provide a cheque to the other realtor, or you may send an e-transfer or wire the money across. Either way, expect to move a significant chunk of change to secure your offer once it is accepted.
Home Inspection Fee
Whether you are inspecting before you put in an offer or after, a home inspection is a great step to know what you are getting into. Generally, home inspectors will spend a couple of hours inspecting major systems and structures. If you have special features such as a wood-burning stove or pool, it might be worth getting a home inspector that can inspect these features or finding a company to come in and take a look. Home inspectors will usually cover the following areas: