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Selling a Home: Legal Costs
July 23rd, 2014 by SNJ
Fees Lawyers fees with respect to the sale of a typical home are usually less than half a percent of the sale price, and sometimes less than a quarter of a percent of the sale price. At Smith Neufeld Jodoin LLP, our lawyers typically adhere to general policies regarding fees which are based upon the sale price of the property and upon the complexity of… Read More »
Selling a Home: Transferring Clear Title
July 23rd, 2014 by SNJ
It will be a requirement of most Offers to Purchase that the seller transfers to the buyer title to the land, clear of all registered encumbrances, mortgages, liens, etc., with a few exceptions. As a result, your lawyer will conduct a search of the title upon opening their file to determine which registrations will remain on title and which must be discharged as a requirement… Read More »
Selling a Home: Real Estate Commission
July 23rd, 2014 by SNJ
If you have hired a real estate agent to help you with the sale of your home, you will be required as a term of your agreement with the agent, to pay real estate commission for their services. The real estate commission is usually payable as a percentage of the purchase price obtained for the property being sold. It is the usual practice of the… Read More »
Selling a Home: Offer to Purchase
July 23rd, 2014 by SNJ
When selling a home, sellers normally receive an offer to purchase from a purchaser which sets out the terms of the agreement between the buyer and seller. The offer to purchase creates a binding agreement between the parties and therefore, if you have any questions about it, you should consult your lawyer prior to signing the offer to purchase. As an alternative, you may make… Read More »
Buying a Home: Costs
July 23rd, 2014 by SNJ
Fees The fees to your lawyer charges for all typical work with respect to your purchase include such things as: title searches at the land titles office; investigating taxes related to the property; exchanging information with the seller’s lawyer; preparing all documentation necessary to complete the purchase; answering your questions and meeting with you to review and sign all necessary documents; negotiating satisfactory closing trust… Read More »
Buying a Rental Property: Residential Tenancy Issues
July 23rd, 2014
In the event that you are purchasing a home where a tenant is living in the property and you do not intend to terminate the lease or to have the seller terminate the lease prior to the date of possession, we would advise that a buyer proceed with extreme caution. There are many rules and regulations that govern the relationship of landlord and tenant in… Read More »
