Basic Costs for Residential Purchases and Sales
Basic Fees And Disbursements for Residential Purchase
The base fee in connection with a typical purchase is $750 (no mortgage) to $1,000 (with mortgage). This fee includes all work typically done to complete a “standard” purchase or purchase and mortgage. If your transaction requires work in addition to this basic service, additional fees will be applied, based on an hourly fee basis. If you are buying your property without the use of a Realtor, there will be additional legal costs as more time will be required for us to complete the transaction. You should also be aware that you will be responsible for disbursements (out of pocket expenses) in addition to my fees. Some of the more significant disbursements that you can anticipate are estimated as follows (these are approximations only):
(a) Land Titles registration fees:
(i) registration of Transfer $50.00 + $1.00 per five thousand dollars of purchase price;
(ii) registration of Mortgage $50.00 + $1.00 per five thousand dollars of mortgage amount.
(b) Encumbrance and Title Searches $50.00
(c) Delivery and miscellaneous charges -- depending on many factors, typically ranges from $30 to $60
(d) Estoppel and Insurance Certificate (condominiums) -- as billed by Condominium Corporation.
(e) Real Property Report, if applicable, approximately $750.00 (rarely a purchaser's cost)
(f) Certificate of Compliance on Real Property Report (rarely a purchaser's cost) $ check municipality
GST will be added to our fees and to most disbursements.
Any quotation of fees is for standard services as outlined above and is based on the assumption that the transaction will not include unusual matters. If unusual matters arise that are likely to increase the costs, we will advise you as soon as is reasonably possible.
Basic Fees And Disbursements for Residential Property Sale
The base fee in connection with a typical sale is $750. This is a fee and includes all work typically done to complete a “standard” sale with a payout of a single mortgage or registered line of credit. If you transaction requires work in addition to this basic service, additional fees will be applied, based on an hourly fee basis. If you do not have a Realtor additional time will be required of us, and additional fees will usually be incurred. You should also be aware that you will be responsible for disbursements (out of pocket expenses) in addition to my fees. Some of the more significant disbursements that you can anticipate are estimated as follows (these are approximations only):
(a) Real Property Report, if applicable, approximate $ 750.00
(b) Certificate of Compliance on Real Property Report) $ check with municipality
(c) Land Titles registration fees for mortgage discharge (single): $30.00
(d) Encumbrance and Title Searches (in some cases) $ 30.00
(e) Delivery and miscellaneous charges -- depending on many factors, typically ranges from $30 to $60
(f) Estoppel and Insurance Certificate (condominiums) -- as billed by Condominium Corporation.
(g) Additional Payout(s) (e.g. second mortgage, credit accounts) $50.00 per payout
GST will be added to my fees and to most disbursements.
Fees, disbursements and taxes are deducted from the sale proceeds.
Any quotation of fees is for standard services as outlined above and is based on the assumption that the transaction will not include unusual matters. If unusual matters arise that are likely to increase the costs, we will advise you as soon as is reasonably possible.
A full report and accounting is provided after closing.