The Following Are Examples Of Items Not Included In Real Estate Legal Fees
Title insurance, additional mortgages, estoppel certificates, encroachments agreements, relaxation permits, encumbrance downloading & reviews, additional titles (parking / storage legal units) for condos, insurance certificates and Real Property Reports.
Mobile Home Flat Rate Fees for Purchases and Sales
We offer the following flat rates for mobile homes. Legal fees for the sale of a mobile home are $850 if there is a payout of a debt associated with the mobile home or $750 if there is not. Legal fees for a purchase of a mobile home with a chattel mortgage is $920 and $820 if the purchaser is not getting financing. These fees are valid for mobile homes without titled land included.
Understanding What You Pay
We try to be very clear about what our fees include. If you ever have any questions about the items included in your fees, do not hesitate to ask.
How Real Estate Legal Fees Are Paid
You pay real estate legal fees differently depending on the type of transaction. These include:
Real Estate Purchase Legal Fees
For real estate purchases, the amount that you bring in to your signing appointment include the legal fees. The certified cheque includes the rest of your down payment, adjustments for things like condo fees, property taxes and homeowner association fees and our legal fees.
Real Estate Sale Legal Fees
When you sell your home, you will not need to bring in money in advance (unless there is not enough equity in the property). When we receive the sale funds from the buyers’ lawyer, we will pay out any mortgage or line of credit, any outstanding real estate commissions and our legal fees.
Refinance (Re-Mortgage) Legal Fees
For a mortgage refinance, we draw down the new mortgage funds from the lender. We then pay out any existing mortgage and debts that the lender requires for payment and our legal fees. Unless there is not enough new equity, you will not need to bring in separate payment.
Transfer of Land Legal Fees
If you are just transferring title to your property, we will require our fees prior to the transfer. You may pay when you come in to sign the transfer documents. If the transfer is a part of a refinance, then the fees, equity permitting, may come from the new mortgage proceeds. Find our fees for transfers here.
Our Discounts For Armed Forces Members
We all value and appreciate the Canadian Armed Forces members who work (or worked) so hard to make (or made) the world a better place for Canadians and many others. Our link to our veteran & military discount page is available here.