Joel Dyck, a REALTOR® with Real Broker SK Ltd. in Saskatoon, reminds sellers who are also buying to budget for closing costs, typically 4 to 6 percent of the sale price covering commission, legal fees and adjustments together, not just the moving side of the transaction.
An emergency fund and attention to the mortgage renewal date matter just as much as the purchase decision itself, since a rate change at renewal can move the monthly payment more than a small utility increase ever would.
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