Lawyer's fee for house buying


Jump to Page:
< Previous  [ 1 ]    Next >




mumdxbcan   
Member since: Jul 07
Posts: 469
Location:

Post ID: #PID Posted on: 06-02-08 21:17:57

Any one knows what is lawyer fee while buying house

Can some one write roughly figure?

Like is it $800-1000 or $8000-10000

What that fee include ?

Like Registration of house etc..

Is it called Legal Fee?

Thanks



sudesingh   
Member since: Jul 04
Posts: 2085
Location: Toronto

Post ID: #PID Posted on: 06-02-08 23:10:17

It's more like the 1000-1500

Includes:
Lawyers fees
fees for transfer of Hydro, Gas, water connections
registration

Additionally you'll be looking at land transfer tax, any adjustments the seller has made like pre-paid property tax or condominium fees (if)

If you've kept 8000-10000 aside, I could use some :D


-----------------------------------------------------------------
SS
Reiki Grand Master


mumdxbcan   
Member since: Jul 07
Posts: 469
Location:

Post ID: #PID Posted on: 07-02-08 09:21:18

Thanks Sudesh

But I suppose this Land transfer tax is depend on Province
and in Alberta or say Calgary this is not required, correct ?

Any idea ?



nari   
Member since: Dec 07
Posts: 66
Location:

Post ID: #PID Posted on: 07-02-08 11:58:23

Do i need to engage the services of a laywer if i am considering to buy a new property from a developer.

Thanks



vimpatel   
Member since: Jun 06
Posts: 188
Location: Toronto/GTA

Post ID: #PID Posted on: 07-02-08 16:50:33

Quote:
Originally posted by nari

Do i need to engage the services of a laywer if i am considering to buy a new property from a developer.

Thanks



It is advisable to do so. Contracts/Agreements from builders tend to include a lot of conditions. I would advise getting a lawyer to look over the details for your best interests.


-----------------------------------------------------------------
Vimal Patel, Realtor
Homelife Royalcorp Real Estate Inc., Brokerage
Cell: 416-887-3745
Office: 905-856-6611
Fax: 905-856-6232
vimal.patel@gmail.com
http://www.vimalpatel.ca" rel="nofollow">LINK


Rajeev Narula   
Member since: Mar 05
Posts: 409
Location: Mississauga

Post ID: #PID Posted on: 07-02-08 19:44:31

In Ontario, you need a lawyer to close a home purchase irrespective of whether you are buying a resale or new from developer.

The lawyer fees for "purchase" for home under half million dollar is usually around 1100 including disbursements & title insurace and exclusive of registration, taxes (if any) and title search fees.


-----------------------------------------------------------------
Rajeev Narula, Broker, REALTORĀ®
ACE TEAM REALTY INC., Brokerage
10 Kingsbridge Garden Circle, Suite 704
(Opp Square One - HWY10/403)
Mississauga, ON L5R 3K6
Bus: 1-888-355-3155 Ext. 300
Fax: 1-888-443-3155
Email:
Web: http://www.RAJEEV.ca" rel="nofollow">LINK


pratickm   
Member since: Feb 04
Posts: 2831
Location: Toronto

Post ID: #PID Posted on: 09-02-08 10:12:49

Quote:
Originally posted by Rajeev Narula
The lawyer fees for "purchase" for home under half million dollar is usually around 1100 including disbursements & title insurace and exclusive of registration, taxes (if any) and title search fees.


I have a question about the title insurance - the other day, I was going through all the original paperwork and I didn't find anything related to title insurance.
I found the title search results, etc. but not title insurance papers.
Is it mandatory to have title insurance?
Is it possible that the lawyer did not get title insurance at all, or does the title insurance paperwork stay with the mortgage company/lender?


-----------------------------------------------------------------
"Mah deah, there is much more money to be made in the destruction of civilization than in building it up."

-- Rhett Butler in "Gone with the Wind"




Jump to Page: < Previous  [ 1 ]    Next >

Discussions similar to: Lawyer's fee for house buying

Topic Forum Views Replies
Buying a house (First Time buyer)
Life 2871 6
Advice needed - buying a new house
Real Estate & Mortgages 2789 2
Advice needed for buying a house in Toronto
Real Estate & Mortgages 2591 2
lawyer's fees ( 1 2 )
Real Estate & Mortgages 4170 12
Lawyer- Closing formality
Real Estate & Mortgages 1838 2
Buying land as an investment/development in Canada ( 1 2 )
Real Estate & Mortgages 2794 8
Reliable and experienced Real estate lawyer
Real Estate & Mortgages 2232 5
Buying a brand new housefrom the builder ( 1 2 )
Real Estate & Mortgages 2851 8
House for resale by bank ( 1 2 )
Real Estate & Mortgages 2674 9
Title Problem
Real Estate & Mortgages 1522 1
Is it essential to hire a real estate agent for buying a house?
Public Services 2297 6
Decision on buying House ( 1 2 )
Life 2140 8
Home Inspector Lawyer & Realtor : recommendations / caution ( 1 2 3 4 )
Real Estate & Mortgages 7267 24
Housing Bylaws - Number of PPL allowed to live in House/Condo
Real Estate & Mortgages 1476 1
Need advice please on buying town house near MccChinguacousy/ Steeles
Real Estate & Mortgages 2103 6
Tips to buy a house??? ( 1 2 3 )
Real Estate & Mortgages 5236 14
finally I bought a house in Brampton
Real Estate & Mortgages 2524 6
House Buying - Insurance needed ( 1 2 )
Insurance 4550 11
Need Help in Buying House
General 1502 2
Are we headed for another recession? ( 1 2 3 )
Business 5542 15
Buying & selling house
Real Estate & Mortgages 1349 3
CMHC INSURANCE
Real Estate & Mortgages 1213 3
Legal fees- Buying & selling house
Real Estate & Mortgages 2130 4
PDI - Buying new house from a builder
Real Estate & Mortgages 2112 6
Seller not allowing final walkthrough before closing ( 1 2 )
Real Estate & Mortgages 1911 7
 


Share:
















Advertise Contact Us Privacy Policy and Terms of Usage FAQ
Canadian Desi
© 2001 Marg eSolutions


Site designed, developed and maintained by Marg eSolutions Inc.