What are the disbursements payable on closing of real estate transactions?

What are the disbursements payable on closing of real estate transactions? 2018-01-12T02:41:20+00:00

In addition to the legal fees, you can expect to pay the following disbursements on completion of your real estate transactions:

Purchases:

  • Cost of strata documents (if applicable)
  • Cost of property tax search
  • Cost of home insurance binder
  • Cost of title insurance
  • Land Title Office fees
  • Cheque certification and courier fees (if applicable)

We cannot tell you the exact amount of the disbursements as amounts may vary significantly from transaction to transaction, however, we suggest you budget at least $500 to cover these expenses.

Sales:

  • Land Title Office fees
  • Cheque certification and courier fees (if applicable)

We cannot tell you the exact amount of the disbursements as amounts may vary significantly from transaction to transaction, however, we suggest you budget at least $200 to cover these expenses.

Refinances:

  • Cost of strata documents (if applicable)
  • Cost of property tax search
  • Cost of home insurance binder
  • Cost of title insurance
  • Land Title Office fees
  • Cheque certification and courier fees (if applicable)

We cannot tell you the exact amount of the disbursements as amounts may vary significantly from transaction to transaction, however, we suggest you budget at least $500 to cover these expenses.