SELLERS CLOSING COSTS

When selling a condo in Nova Scotia you will have a few closing costs to consider.  
 

Lawyers Fees and Disbursements

Legal fees will vary depending on the lawyer.  It is a good idea to shop around.  The average cost is about $800-$1000.  This is not including disbursements which could be anywhere from $200-$400.  Disbursements include, courier fees, photo copying, title search, registration costs etc..

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 and the condominium corporation.
-- The buyer will request this either up front or prior to closing.   The cost is between $300 - $400 depending on the property management company.  

Real Estate Commission

The stanbdad Real Estate Commission in Nova Scotia is 5%.  Typically split between a buyers agent, 2.5%, and a listing agent 2,5%.  Please note. The commission is plus HST.