House purchase - need some info on fees
Super helpful member
Hello again friends, I have a question about all the fees associated with a house purchase, because I'm in the process of making one.
I know what they are and how much they are likely to be. But my question is, when exactly do you pay them, and how do you pay them?
I know it's recommended to obtain a banker's draft to pay the balance of the purchase price, and to ask the bank for a discount on the cost of that in return for buying your house insurance from them.
But what about all the other legal fees, taxes and expenses? Do they also get paid on the day of the completion in front of the notary? And if so, will I need to get a second banker's draft for them? What happened with your purchase?
As always, any advice greatly appreciated.