Our
company is also offering a service for sellers of residential
real estate. This service is designed to help sellers transfer
title to residential property at a reasonable price.
(The
fees quoted are based on a routine residential sale)
A routine residential sale has the following elements
:
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- the property being sold is residential and
does not contain more than two rental units
- seller is resident in Canada and is not an
incorporated company
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- the Contract of Purchase and Sale has already
been finalized through the real estate agent
- the Contract of Purchase and Sale does not
provide for any holdbacks (other than for unpaid
property taxes and strata maintenance fees
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We can, of course, assist in transactions involving non-residents or companies
or multiple residential units or holdbacks. Please contact
us for information on the additional costs, if any of these
elements are involved in your transaction.
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The following services are
included in the fee for a routine residential sale:
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-
receiving and reviewing the Contract of Purchase
and Sale
- obtaining
land title search information and reviewing
same
- contacting
buyer's solicitor or notary public to arrange
for delivery of transfer documents for seller's
signature
- contacting
seller to arrange appointment to review closing
documents
- returning
signed documents to buyer's solicitor or notary
pubic and finalizing closing conditions
- arranging
payment of sale money to seller
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- obtaining
information from the Seller regarding their
sale
- obtaining
information from realtor about buyer and buyer's
solicitor or notary public
- receiving
and reviewing documents and closing conditions
- meeting
with seller and attending upon execution of
documents by seller
- upon
closing, receiving sale money
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In the
case of a routine residential sale and discharge of mortgage,
all the foregoing information applies. The additional services
provided are:
contacting
mortgageholder to obtain formal payout information
arranging
with buyer's solicitor or notary public to receive sale money
conditional upon our undertaking to pay out the mortgage
and obtain discharge of that mortgage
preparing
form of discharge
upon
closing, forwarding payment of mortgage to mortgage holder
together with discharge
receiving
and reviewing executed discharge
registering
discharge at Land Title Office
reporting
to buyer's solicitor or notary public
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