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posted 15 Apr 2012, 05:24 by Michael Morris   [ updated 7 Jun 2012, 06:48 ]

Standard Real Estate Sale: What is included?

The following are part of a standard real estate sale transaction;

  • receiving and reviewing your agreement of purchase and sale
  •  preparation of the transfer you will give to your purchaser on closing
  • ordering discharge statements for all existing mortgages not being assumed by the purchaser
  • preparing Statement of Adjustments
  • corresponding with the solicitor for the other party
  • preparation, review & registration of closing documentation
  • meeting with you to sign the closing documents
  • attending to closing of your transaction (delivering documents required by purchaser and receiving funds on your behalf)
  • attending to payout and discharge of existing mortgages after closing
  • reporting to you
  • photocopies, faxes & e-mails

Our flat rates/fees for standard transactions do not include HST, disbursements to government and quasi governmental organizations such as registration costs (register a new mortgage on a purchase or discharge of an existing mortgage on a sale) and Land Transfer Tax as well as the levy on all real estate transfers.