House it Going? Web Series: Start-up costs
House it Going? Web Series: Start-up costs (1 min 18 s)
Added on March 29, 2018
Description
In part 4, Arnaud Soly learns about home-buying start-up costs.
House it Going? is a 5-part web series on buying a first home.
House it Going? Web Series: Start-up costs (1 min 18 s)
Added on March 29, 2018 | Desjardins Group
Note: The information in brackets describes the visual and audio content of the video, and the rest of the text represents spoken content.
[The title of the series appears syllable by syllable on a projection screen as Arnaud Soly sings a long as they appear, striking different poses in front of the camera.]
[On-screen text: House it Going?]
[The topic appears on the screen. In the background, there’s a small yellow house on a table. Background music.]
[On-screen text: 4. Start-up Costs]
[Arnaud Soly and Marie-Ève Dorion are sitting on stools in front of a white projection screen.]
Arnaud: Hi and welcome to House it Going? I’m Arnaud Soly, and this is Marie-Ève, advisor at Desjardins.
Marie-Eve Dorion: Hi, Arnaud.
Arnaud: Marie-Ève, house it that a person can get their first house?
Marie-Ève: Last time, we saw that you need a minimum of 5% of the purchase price or market value of the property.
[On-screen text: 5%]
Arnaud: High five!
[Marie-Ève doesn’t give him a high-five.]
Marie-Ève: And you need 3% to 5% of the property’s market value for the start-up costs.
[On-screen text: 3% to 5%]
Arnaud: High five!
[Marie-Ève doesn’t give him a high-five.]
Marie-Ève: First, there’s the inspection costs. Second, there’s the appraisal fees. Third, there’s the legal fees.
[On-screen text: 1. Inspection costs, 2. Appraisal fees, 3. Legal fees]
Arnaud: Objection, your honour!
Marie-Ève: Not a judge, a legal advisor.
Arnaud: Objection, your legal advisor! Yeah…
Marie-Ève: That’s not a thing, Arnaud. Fourth, there are the municipal and school taxes.
[On-screen text: 4. Municipal tax + school tax]
Arnaud: School idea!
Marie-Ève: And finally, there’s the welcome tax, which is typically about 0.5% to 2% of the value of the house.
[On-screen text: 5. Welcome tax]
Arnaud: That’s very nice, but it won’t be necessary.
Marie-Ève: The city insists.
Arnaud: High five!
[Marie-Ève gives Arnaud a high-five.]
Arnaud: Yesss!
[Cut to Arnaud sitting at the table with the yellow house. He’s playing Desjardins’s musical motif on a recorder with his nose.]
[On-screen text: Desjardins logo]