Are there any other fees I should know about?

When you apply for a condo or apartment, you’ll pay a non-refundable application fee, usually $50-200 that covers the cost of processing the application to the condomium association or Board for co-ops. That fee varies depending on foreign or domestic applications.

Your landlord or broker will also typically require an additional deposit, which is only refundable if the application is not approved. If you are approved, this deposit will be applied towards either your broker services or first month’s rent.

Fees for purchasing or selling a house, condo or apartment is paid by the seller and not the buyer. Therefore the fee is included in the asking price. Your Home61 agent will help walk you through the costs associated with buying or selling a home.