SELLERS CLOSING COSTS

For sellers, closing day means pay day! Before you receive the proceeds of your sale, there are a few closing costs to consider. These costs will be subtracted from the proceeds before you receive them. It is always good to be aware of these before selling so you can estimate how much of the proceeds are yours to keep.

Lawyers Fees and Disbursements

The average cost of legal representation in Halifax is approximately $800-$1000, not including disbursements, which could be anywhere from $200-$400 Disbursements include courier fees, photocopying, title search, registration costs etc. It is good to shop around, as there is no set cost.   

Estoppel Certificate

An estoppel certificate is an important document issued by the condominium corporation intended to give potential purchasers of a condominium unit information so that they can make an educated decision about their purchase. The certificate provides information about the specific condo unit, the condominium corporation, names of the board of directors, property management company and if there are any special assessments outstanding or proposed. The buyer will request this either upfront or before closing. The cost is between $300 - $400, depending on the property management company and is paid for by the seller 

Real Estate Commission

The Real Estate Commission in Nova Scotia is typically 5%, split between a buyer’s agent, 2.5%, and the listing agent 2.5%. Please note: The commission is plus HST.