Trust/Notary Costs

calgarians · Post by **calgarians** » Fri Feb 19, 2010 6:13 pm

We are working towards purchasing a condo on the South Shore and have received a budget from our Notary that amounts to about 6% of the purchase price....this includes all fees, taxes, charges relating to the Notary services, the trust etc. Is this a reasonable amount (we are not overly concerned) and is there anything else we should be aware of before we finalize everything. Thanks for the help advance....

teatrolimon · Post by **teatrolimon** » Fri Feb 19, 2010 10:03 pm

this is the norm

bruce

pvgetaways · Post by **pvgetaways** » Sat Feb 20, 2010 4:54 pm

The single largest cost is the acquisition tax with is approximate 2% of assesed value. This value is usually much less than purchase price (which is what the budget is based on) So ask at the closing to see the EXACT numbers, it should be part of your new deed and you should be refunded any excess.
You can see more info here:
http://www.pvluxe.com/trust.asp

calgarians · Post by **calgarians** » Sat Feb 20, 2010 6:32 pm

we appreciate that info....

Bruce - next time we are back we will drop in and try the new place...i still have a hangover from your xmas wine three years ago!!

Trust/Notary Costs

trust fees

thanks