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

What should a cash buyer still pay for in Riversdale?

A cash buyer in Riversdale should still budget for a home inspection, legal fees and title insurance, the same items any buyer pays regardless of financing. Riversdale's older housing stock, redeveloped unevenly over the past decade, makes the inspection step more important there than in a newer, more uniform area.

Expect a home inspection in the $400 to $600 range and legal fees of $800 to $1,500 for the lawyer handling your title search through Information Services Corporation and your closing. Title insurance is a smaller, one-time cost that protects against issues an inspection cannot catch, like an undisclosed easement or a boundary dispute.

Property taxes are prorated at possession no matter how the purchase is funded, so a cash buyer still settles that adjustment with the seller through the lawyer's trust account.

None of these costs disappear with cash. They are simply smaller than the interest a mortgage would have cost. Get your hand-reviewed valuation from Joel Dyck.

Get your hand-reviewed valuation from Joel Dyck.

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