Home inspection -- A house inspection or property inspection can cost in the $350-500 range for most single-family homes. Home inspections are recommended to identify if there are any other potentially costly expenses – issues not visible to the naked eye – that may impact the costs and upkeep of the home.
Property survey A land surveyor carrries this out. They measure the property and hopefully obtains a stamp of compliance from the municipality in which the home is located. With a RPR or Survey, the buyer will precisely know the boundaries. Sellers if one is not in place will in most cases pay for this. It is a requirement when selling a home and if one is not in place then some sellers will provide and pay for title insurance.
Water testing -- for properties not on a municipal water system, most - if not all - financing institutions require the water source to be tested to ensure it meets standards for human consumption. If I am representing a buyer and helping them purchase an acreage I will pay for the water testing. The water test is often a "condition" on the Offer to Purchase.
Status certificate fee -- When making an offer to purchase a condominium, it’s a good idea to ensure an offer is conditional upon obtaining and having time to review an Status certificate. This fee (not applicable in Quebec) applies when buying a condominium or strata unit and could cost up to $100.
Land transfer tax- Alberta has no land transfer tax.
Legal Fees -- Legal costs will depend on the complexity of the transaction and the lawyer’s experience.
Prepaid property tax or utility bills- Buyers should be prepared to reimburse the seller for prepaid property taxes and utility bills if say they were taking possession mid year or month depending on the circumstances.
Property survey A land surveyor carrries this out. They measure the property and hopefully obtains a stamp of compliance from the municipality in which the home is located. With a RPR or Survey, the buyer will precisely know the boundaries. Sellers if one is not in place will in most cases pay for this. It is a requirement when selling a home and if one is not in place then some sellers will provide and pay for title insurance.
Water testing -- for properties not on a municipal water system, most - if not all - financing institutions require the water source to be tested to ensure it meets standards for human consumption. If I am representing a buyer and helping them purchase an acreage I will pay for the water testing. The water test is often a "condition" on the Offer to Purchase.
Status certificate fee -- When making an offer to purchase a condominium, it’s a good idea to ensure an offer is conditional upon obtaining and having time to review an Status certificate. This fee (not applicable in Quebec) applies when buying a condominium or strata unit and could cost up to $100.
Land transfer tax- Alberta has no land transfer tax.
Legal Fees -- Legal costs will depend on the complexity of the transaction and the lawyer’s experience.
Prepaid property tax or utility bills- Buyers should be prepared to reimburse the seller for prepaid property taxes and utility bills if say they were taking possession mid year or month depending on the circumstances.
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