A home inspection identifies the condition of the physical structure and mechanical systems of the house to verify that they are in good condition. A home inspection costs anywhere from $300 to $500 and usually takes 2 to 3 hours. You will be present at the inspection and guided through the whole process. You will get a detailed report of the Inspection Findings. We can recommend reputable home inspectors to help you.
You must retain a lawyer to close your transaction. Choose a lawyer experienced in Real Estate. Your lawyer searches title for the property, prepares documents to complete the transaction, pays fees on your behalf and registers ownership in your name. Closing costs are typically 1.5 to 2% of the purchase price. The major closing costs are Land Transfer Tax, Lawyer Fees and Title Insurance.
You are now a proud new home owner!