Haber and Associates can provide legal advice on wide variety of real estate matters, including:
The purchase and sale of residential properties
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reviewing and negotiating agreements of purchase and sale
- acting for sellers and buyers on the purchase of a resale home
- acting for buyers on the purchase of a new builder home
The purchase and sale of condominiums
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acting for sellers or buyers on the purchase of a resale condominium
- acting for buyers on the purchase of a new builder condominium
Refinancing
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acting for borrowers on mortgage transactions or real estate financing
- acting for lenders on mortgage transactions or real estate financing
Mortgages
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mortgage remedy work, including power of sale, foreclosure and receivership
- the purchase and sale of a business properties
- reviewing and negotiating agreements of purchase and sale of a business property
- acting for sellers and buyers on the purchase of a resale business property
- acting for sellers or buyers on the purchase of a new business property
Other real estate services
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negotiation and registration of other real estate-related agreements, joint venture agreements, cost sharing agreements, management agreements and development agreements
- registration of mixed use projects involving combined residential and retail condominiums
- commercial lease arrangements, including preparation, review, and negotiation of offers to lease, lease documents, renewals and amendments
HABER & ASSOCIATES RATES FOR TYPICAL RESIDENTIAL REAL ESTATE TRANSACTIONS
Standard Fees:
- Resale Home Purchase (includes one mortgage): $749
- New Home Purchase (includes one mortgage): $699
- Sale (includes discharge of one mortgage): $549
- Refiancing (includes one mortgage payout): $449
- Condominium occupancy closing - $350
- Third party closing disbursements such as government registration and search fees, system access fees, title insurance and land transfer tax are not included. HST is not included.
Expected Disbursements:
- Title Insurance (paid by purchaser)
- Resale home purchase (includes one mortgage): below $200,000.00 - $235.00 approx.; $200,000.00 - $500,000.00 - $284.00
- New Home Purchase (includes one mortgage): below $200,000.00 - $185.00 approx.; $200,000.00 - $500,000.00 - $234.00
- Land Transfer Tax (Charged by Ontario Government, Toronto properties are double the taxation)
The following is based on a increasing scale:
- 0.5% on the first $55,000.00
- 1.0% on $55,000.00 - $250,000.00
- 1.5% on $250,000.00 - $400,000.00
- 2.0% on amount over $400,000.00
- Under the present legislation first time home buyers may be exempt from Land Transfer Tax up to a maximum of $2,000.00. Some exceptions apply.
Title Search and Out of Pocket Expenses
- If the property is title insured, search and registration costs payable to the Ontario Government for use of the registry system, are approximately $225.00 - $275.00 (paid by purchaser). HST is not included.
- If the property is not title insured this cost could exceed $500.00
- Condominium purchases may need to add another $100.00 for condominium certificate
- On a sale, registration fees payable to the Ontario Government, HST and other usual closing costs usually amount to less than $150 - $200
Fee Structure for Additional or Variation of Standard Fees
- Due to the nature of real estate transactions, certain transactions are subject to additional fees. If applicable, the following may be added to your bill for services.
- Receipt of mortgage instructions within 2 business days of closing - $250.00
- Change to mortgage documents after preparation - $100.00
- Preparation of additional mortgages i.e. 2nd, 3rd etc.. - $250.00 each
- Application Name Change - $250.00
- Preparation of Agreement of Purchase and Sale - $250.00 – 500.00
- General Application to amend PIN - $50.00
- Survivorship Application - $250.00
- Preparation of Bridge Loan - $100.00
- Missed, separate, evening or weekend appointments - $50.00
- Payouts (more than 1 mortgage) - $25.00 each
- Direct deposit to client - $30
- Certify Cheque to client - $50
- Preparation of private discharge of mortgage - $250.00
- Assignment of Rents - $125.00
- Application of Power of Attorney - $125.00
- Transfer of Title - $350.00
- Construction mortgage advances - $250 per advance
- Family/Holding money in trust - $250.00 - $500.00
PRICES SUBJECT TO CHANGE AT ANY TIME WITHOUT NOTICE AND APPLICABLE TAXES