All inclusive fee of $680 Plus HST to close a typical home sale
Our fee of $680 plus HST is an all inclusive rate for closing a simple transaction of a single family home sale including discharge of a first mortgage. This rate DOES NOT include the following, if applicable:
a) draft, review, and negotiation of the Agreement of Purchase and Sale;
b) Government Document Registration fee of $75.27 if your lender does not register discharge of the first mortgage;
c) discharge of more than one mortgage and/or bridge loan payout;
d) payment for letters from creditors’ lawyers regarding similar name executions;
e) unforeseen issues and/or difficulties beyond a standard real estate sale transaction; and
f) post-closing disputes.
$850 legal service fee to close a single family home purchase
Our regular fee of $850 is quoted for closing a simple transaction of a single family home purchase including one mortgage. After adding up disbursements and HST, our total bill will be approximately $1,410. This estimated cost includes title insurance premium based on a purchase price of $400,000 and Teranet fees for title search and execution certificates. In addition to our legal bill, you will also pay Land Transfer Tax based on your purchase price and Government Document Registration fee (normally 2@$75.63 for transfer and 1st mortgage).
The above quoted fee DOES NOT include the following, if applicable:
a) more than one mortgage;
b) bridge loan financing;
c) other government fees, i.e. tax certificate;
d) cost of condominium status certificate;
e) draft, review, and/or negotiation of the Agreement of Purchase and Sale;
f) post-closing disputes; and
g) unforeseen issues and/or difficulties beyond a standard real estate purchase transaction.
Get $50 off for your second transaction
If you retain us to do both of your home sale and purchase transactions about the same time, we will apply $50 discount to your second transaction.