Step1: Pre-consideration | Step2: Finance/Qualification | Step3: Purchase/Closing
Step3: Purchase/Closing
- How to Buy a Home : The basic steps
- How to make an Offer to Purchase : Step by step
- What about a Survey? : You probably will need one
- Should I get a Home Inspection?: Yes
- Real Estate Condition Report : Seller should fully disclose
- Things to know about Legal costs
- Some Closing Tips : Be ready
6. Things to know about Legal costs
Fees for the lawyer's services vary from firm to firm and area to area. It is wise to get a written quotation in advance so that there are no surprises later. Remember the cheapest is not necessarily the best, so when choosing a lawyer, don't let price alone be your guide.The disbursements are those costs the lawyer incurs on your behalf throughout the transaction. Generally in a sale transaction these costs are between $150.00 and $200.00. On a purchase transaction the disbursements will include the cost of register documents, title searches, land transfer tax and other miscellaneous costs and can easily add up to over $500.00 plus the lawyers fee and GST. Again it is wise to have the lawyer provide a written estimate of these costs in advance. |
