A guide to our services and fees when selling your house
When selling your home, there are a number of issues which we will address for you in order to ensure a smooth transfer of your property to the purchaser. These tasks carried out by your Kelly Santini LLP solicitor include:
- Review and complete the draft deed which formally transfers the property from you to the purchaser.
- Prepare the statement of adjustments for the purchaser’s lawyer. The purpose of the statement of adjustments is to calculate the precise amount that will be owed at closing. Adjustments will be made for the various payments that affect your property, including taxes.
- Write to your mortgage company to determine the exact amount owing on the date of closing.
- Prepare and electronically register the necessary discharge of mortgage.
- Perform a subsearch of the property. This outlines any existing mortgages and other instruments which are registered on the property.
- Answer the letter of requisition from the purchaser’s lawyer and discuss with you any potential problems that could delay the closing.
- Oversee the execution of all the necessary documents.
- Instruct the purchaser’s lawyer on how to transfer the funds from the sale. In most circumstances separate cheques are requested and made payable to your mortgage company, our firm in trust and you.
- Payout the mortgage, the real estate commission, outstanding property taxes, utilities, etc.
- After closing, advise the City of Ottawa, Enbridge and Hydro One of the change in ownership of the property.
- Report to you.
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Legal and Other Costs when Selling your Home*
- Subsearch of Title $35.19 and $2.45 for each additional page
- Execution Certificates $25.30 per person
- Registration of Discharge (if applicable) $82.00
- Law Society Fee $65.00
- Tax Certificate (if applicable) $73.00
- Office Expenses (fax, copies, courier, etc.) $120.00-160.00
* The fees and disbursements quoted apply only to residential home sales and are subject to change without notice.
MORE Residential Real Estate FAQs
Here are links to some of the most common questions we receive:
- A guide to our services when you are purchasing a home
- When should I contact my lawyer and what info will they need to complete my purchase?
- Handling utilities and insurance when purchasing or selling a home.
- Title insurance: the basics
- What new home buyers should know about Tarion Warranty Corporation
- Non-residents guide to purchasing real estate in Canada
Still have questions? Please contact a member of ou residential real esate team. We’d be pleased to help.