We offer Flat Rate Pricing for the Conveyancing for your Home sale.

Our Flat Rate Pricing includes the Legal Fee, Disbursements, and G.S.T. This make it easier to budget your costs.

Please contact our office for confirmation of the flat fee for your transaction.

I will send the transfer documents to the Buyer’s Real Estate Lawyer.

On the Possession Date, the Buyer’s Real Estate Lawyer will send me a cheque for the Cash to Close (the purchase price). Usually I receive the money around noon.

Once I receive the Cash to Close, I will contact your Realtor (or you if you do not have a Realtor) to authorise your Realtor to release the keys to the Buyer.

From the Cash to Close funds, I will payout any mortgage or other encumbrance registered on the title to the property, unpaid taxes, condo arrears, real estate commissions, my legal fees, and anything else I am required to and you authorise me to payout.

I will then a prepare a cheque to you for the balance of the sale proceeds. The funds are usually available on the afternoon of the Possession Date or the following morning.

You will usually receive the sale proceeds on the afternoon of the Possession Date or the following morning.

here are a number of factors that may prevent your deal from not closing on time. For example, the buyer’s mortgage lender may not provide the mortgage funds to them on time or we are not not able to provide information or documents to the Buyer necessary to complete the deal prior to the Possession Date. I will let you know immediately if I am aware that there may be a delay. If the deal is unable to close on the Possession Date, you will not receive the sale proceeds on the Possession Date. This option will be discussed with you if necessary.

I will pay your mortgage from the sale proceeds. I receive a mortgage payout statement from your mortgage lender showing the amount outstanding and I pay it once I receive the money from the buyer.

I will deduct the legal fees from the sale proceeds.
What else do you pay from the sale proceeds?

From the sale proceeds, I pay things like your mortgage, line of credit, unpaid taxes and penalties, condo fee arrears, real estate commission, and my legal fees.

Do NOT cancel any insurance on the property until you have actually received the sale proceeds from my office. Until you receive the money you are still the owner of the property and could be responsible for any damage. You may not receive the sale proceeds on the Possession Date so do not cancel your insurance as of the Possession Date.

Your real estate agent will give the keys to the buyer. Once I receive the money from the buyer, I call your real estate agent and tell them to give the keys to the buyer.

There are a number of factors that may prevent your deal from not closing on time. For example, the buyer’s mortgage lender may not provide the mortgage funds to them on time or we are not not able to provide information or documents to the Buyer necessary to complete the deal prior to the Possession Date. I will let you know immediately if I am aware that there may be a delay. If the deal is unable to close on the Possession Date, you will not receive the sale proceeds on the Possession Date. This option will be discussed with you if necessary.

Reminders:

• Don’t forget to cancel utilities, any monthly property tax payment plan, and condo fee payments.
• Do NOT cancel any insurance on the property until you have actually received the sale proceeds from my office.