Articles & Information
Simple Home Closing Packages
Purchases and Sales
Thank-you for considering our firm for your upcoming real estate purchase or sale. My Oshawa law offices are prepared to help any and all clients with the purchase and sale of residential homes. I represent a wide range of clients on real estate, wills and estates, and corporate matters. I have set out the closing costs for both the purchase and sale of a residential property below:
| Home Purchase: $1199.00 + HST* |
Home Sale: $699.00 + HST* |
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Clients often ask why the fees on purchases are more expensive than sales. Purchases carry more out of pocket costs than sales such as title searches and the registration of the deed. The home purchase price as above includes the review of the Purchase Agreement and a policy of title insurance. It also includes all documentation related to the Land Transfer Tax exemption for first time home buyers up to $2000, if applicable. Purchasers who are not first time home buyers will have to pay Land Transfer Tax to the Government of Ontario in addition to the fees set out above. Land Transfer Tax increases with the purchase price of a home. For instance, a home purchase of $250,000 will carry a Land Transfer Tax of $2225.00. A purchase of $350,000 will carry a tax of $3725.00. Our Oshawa law office will calculate the Land Transfer Tax for you and let you know the amount prior to closing. The price estimates as above are intended for standard real estate transactions up to $500,000. In rare circumstances, such as an occupancy closing on a new condominium purchase, fees will be adjusted to reflect additional and unforseen work.
I am easily accessible by appointment, phone, and email. In the event my clients have any emergency issue my mobile phone number is posted on my office voicemail. I take pride in the relationships I have built with my clients. Those relationships have led to the growth and continued success of my practice. Please contact myself or my Assistant Debbie (extension 2) regarding your upcoming transaction.
Erik M. Fraser
*the purchase price above does not include the registration of deed and mortgage, $71.30 each. Purchases and Sales with unusual complications may be subject to additional fees.