Joel DyckReal Broker SK Ltd.
Saskatoon · From the topic map

How much are closing costs on a $700,000 Saskatoon house?

On a $700,000 Saskatoon house, seller closing costs generally total 4 to 6 percent of the sale price once commission, legal fees and adjustments are counted together, which works out to a meaningful five figure amount that should be budgeted well before an offer is accepted.

Legal fees sit inside that overall range but are a small, fairly fixed piece of it, typically $800 to $1,500 regardless of price, since every Saskatchewan sale closes through a lawyer for the title transfer through Information Services Corporation.

The rest of the total is commission, which is negotiable and agreed in writing at listing rather than fixed by any board, and adjustments for prepaid property tax or utilities that get settled between buyer and seller at possession.

At $700,000, the gap between an accurate estimate and a rough one is real money, which is exactly why the figure should come from your actual listing agreement rather than a rule of thumb. Get your hand-reviewed valuation from Joel Dyck.

Get your hand-reviewed valuation from Joel Dyck.

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