Selling your property involves many difficult, far-reaching decisions. With Penny Pei Homes, we are here for you every step along the way. Our experience in selling property goes beyond the transaction, taking into consideration the emotional journey you and your family are about to embark upon. Home much is your property really worth? How long will it take to sell? How do you manage buyers that make an undesirable offer? Under our steady guidance, we will navigate you through the stress in selling your property and take you to the best possible outcome. As top Toronto real estate agents, we will get the maximum value for your property within your time frame. Seven-step pledge on selling your property.
Unless you live in Alberta, Saskatchewan, or rural Nova Scotia, land transfer taxes (or property purchase tax) are a basic fact of life. These taxes, levied on properties that are changing hands, are the responsibility of the purchaser. Depending on where you live, taxes can range from a half a per cent to two per cent of the total value of the property. If you are purchasing in Toronto, you will also have to pay a municipal land transfer tax in addition to the provincial tax. Ontario Land Transfer Tax 0.5% on the first $55,000 1.0% on portion between $55,000 – $250,000 1.5% on balance over $250,000 2.0% on anything over $400,000 Qualifying first time buyers receive a $2000 credit Toronto Land Transfer Tax 0.5% on the first $55,000 1.0% on portion between $55,000 – $400,000 2.0% on anything over $400,000 First time buyers are exempt on the first $400,000
What's something exciting your business offers? Say it here. Closing costs are a list of charges your lawyer presents to you on the closing date of your home. Many people are surprised at the additional costs over and above the price of the home. With Penny Pei Homes, you will receive expert advice on your anticipated closing costs so you can buy and/or sell with no surprises, just total peace of mind. According to the CMHC and Sagan, you should reserve at least 1.5% of the purchase price for closing costs in addition to your down payment (though we recommend you hold back around 2.5% to be on the safe side). Closing costs vary among provinces and cities. Below you will find a brief explanation of these costs. Please note these are some of the closing costs you may encounter depending on your specific situation. Use the information below as a guideline, then speak with your lawyer for a more realistic estimate on your situation.
Making an offer with Penny Pei Homes, you will receive a comprehensive analysis of the current market you wish to purchase in before we draft your offer to purchase. Drawing on our market experience, we will provide you with invaluable insights into your offer and work hard to get you your ideal home at the ideal price, with your preferred conditions. We are also highly experienced in multiple offer bids, and will provide you with sound and steady, professional advice during these highly emotional scenarios.