Once you have found the property you would like to buy, it is time to make an offer on the price. Before you decide on your offer you will be informed of all the fees and taxes involved, which are not always included in the selling Price that you first see. The purchasing costs are between 9-12% of the purchase price. There are lots of different aspects that can affectt his amount, such as: Government Transfer Tax (ITP or IVA) (8%-10%, depending on type and price of the property), Legal Fees (1%, depending on law firm and services offered), Notary&RegistryFees (1%), MortgageFees (if applicable — 1-2%, depending on mortgage)
Now that the final costs have been figured out and you are ready to make your offer you have 2 options: One way is to verbally place your offer to the vendor and wait for their response, negotiating and then making a verbal agreement once you have both agreed on a price. The second way is to hand over a reservation deposit with your offer and sending thison contract, which could give you a stronger negotiation position since you are committing to your offer.