Cost To Sell A Home | Evelyn Lopes Realty Team_Blog

Tuesday, May 30, 2023   /   by Evelyn Lopes- Klarine

What are the COSTS OF SELLING A HOME in Ontario

What are the COSTS OF SELLING A HOME in Ontario
Unveiling the Secrets and Costs of Selling 
When selling your home in Ontario, it's important to be aware of the various costs associated with the process, so that you can budget for them accordingly. This list is extensive, you may have some, or all of them to account for, but being aware of them is the first step when contemplating a move. Let's break them down.
Mortgage Payout:
When selling your home in Ontario, it's important to address your outstanding mortgage. For most people , this is the biggest cost when selling a home.  Here's a breakdown of the mortgage payout process:
First get your Mortgage Statement:
Contact your mortgage lender and request a mortgage statement. This document provides a snapshot of your remaining mortgage balance, including any applicable interest or penalties.Knowing this amount is crucial when calculating your net proceeds from selling your property. Calculating your net proceeds from t; ...

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