Real Estate Legal Fees to buy and sell property

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In most real estate transactions, the disbursements you will likely incur include things like registration of your transfer of land and registration of your mortgage.  The Alberta Land Titles Office charges you a fee for registering each of these onto the Certificate of Title.  In addition, property tax searches are required in the completion of your transaction; this means that the City or municipality is going to charge you a fee for obtaining a copy of this document.  The same applies when you obtain a certified copy of title or do a title search at the Alberta Land Titles Office.

 

Below is a list of fees and disbursements you can expect to incur on your real estate transaction.

 

Buying Real Estate

Cost below plus GST, costs & disbursements

House Purchase   $ 799

House Purchase with Mortgage  $899

Mortgage Refinancing  $799

Condo Purchase (cash) $799

Condo Purchase with Mortgage $899

Selling Real Estate

Cost below plus GST, costs & disbursements

Sale  $799

Condo Sale  $899

Legal fees for other real estate transactions

Mortgage from Private Lender  add $150

Additional (Second Mortgage (s))  $499

Additional Payouts (Per)  $50 - $75

Additional Mortgage Draws If obtaining a draw or construction mortgage  $150 per draw

Ordering a Real Property Report  $100

Ordering a Title Insurance Policy  $50

Registration of Caveat  $75

Substantial Completion Certificate  $50

Ordering a Compliance Certificate  $100

Holdback Administration Fee  $100

Transfer of Land only  $499

Bridge Loan  $150

Guarantee  $75

Rush Transactions (within 7 days)  $250

Obtaining an Estoppel Certificate (condo)  $50

Disbursements and other charges

Mortgage Registration  $50 + $1.50 per $5000 on the value of the property

Title Registration  $50 + $2.00 per $5000 on the value of the property

Obtaining a Certified Copy of your Title  $10

Searching for a Title (Title Search)  $5 each search

Discharging of a Mortgage  $5

Tax Searches and Tax Certificates

Varies - Avg. = $25

Other disbursements and charges include photocopying, conveyancing fees, title insurance policies, obtaining real property reports and compliance certificates, etc.