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3% for certain sellers. Seal of approval Duty: 0. Transfer Fee: 2% of the appraised value. Specific Enterprise Tax (if applicable): 3. 5%. Legal Fees: 1% (negotiable). Furniture & Fixtures: Often distributed separately. Annual Maintenance Fees: For condos/estates (can be substantial). Research is Non-Negotiable Your legal professional must verify: Freehold Condominiums: The simplest route. To own way up to 49% with the total floor space in the condominium building.
This is actually the standard for buying a separate house.