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Purchasing Costs in Real Estate

  • ARI
  • Transfer Tax
  • Commission
  • Inspection
  • Notary

Purchasing Costs in Real Estate

Every property has purchasing costs related to it, be it a house or a multi-unit complex. These costs vary in price but in most cases are always proportionally the same. The expenses are:

  1. Broker fees (built into the price but still there),
  2. Inspection of the building by a licensed building professional,
  3. Notary: to legalize the transaction,
  4. “Welcome” tax /Land Transfer Tax based on the price sold.

The added expense of an annual subscription to ARI is a fraction of all the costs. The benefit? Saving time from visiting units that are not profitable AND saving your money for an investment that is profitable the day it is purchased.