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Purchasing a Home in Nova Scotia | Closing Costs | Barristers & Solicitors

CLOSING COSTS

When you purchase a home, you will incur the following typical closing costs:

This example is based on buying a $100,000 home:

    Deed Transfer Tax: 1 1/2% of the purchase price $1500

    Home Inspection $250

    Location Certificate $300

    Legal Fees $800

    Property Tax Adjustment (typically 6 months property taxes) $750

    Oil Adjustment (oil heat only; typically you pay for a full oil tank) $500

    Property appraisal fee $250

Total closing costs, aproximately $4400 (on a $100,000 home purchase)

NOTE: Figures given are estimates only, and will vary according to property.


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