We know you're excited to purchase your new property. We've put together a service that helps to remove problems to help make the process as seamless as possible.
We review the “subjects” or conditions precedent in the contract of purchase and sale. These conditions, often for the benefit of the buyers, must be waived or fulfilled before the obligation to purchase the property becomes legally binding.
Strata titled homes have unique fees that apply, some as a requirement of the Land Title Office, others by the strata corporation, and others by lenders. We review all necessary forms and fees for you to ensure these obligations are satisfied.
Newly constructed homes attract GST and there are costs associated with cheque certification and courier charges as required by new home developers. Property Transfer Tax applies, but is reduced for homes valued at less than $750,000.
You might qualify for the First Time Home Buyers Property Transfer Tax Exemption. To qualify you must be a Canadian citizen or Permanent Resident who has lived in BC for at least 12 months (or has filed two income tax returns) and the purchase price of the home must be less than $525,000 (for a partial exemption) or $500,000 (for a full exemption).
If you plan to use the property for a special or business purpose, or have concerns about the past or future use of the property - we recommend that you make enquiries of the planning, building, fire and bylaw enforcement departments of your district or municipal hall to ascertain whether there are building, bylaw or fire code violations or work orders outstanding against the property.
The table below sets out our legal fees and applicable taxes for typical transactions. Additional fees may apply for a purchase of new construction or rushed, postponed or disputed matters. Third party costs are always an extra client expense and are explained on the next page. Click the book appointment button or call us so we can help you estimate the legal fees, taxes and third-party costs for your transaction.
This sheet will help you estimate your CLOSING COSTS – legal costs, third party costs and buyer’s adjustments which you will experience when buying a property. We will prepare a Statement of Adjustments for each sale or purchase which shows all of your closing costs and how they are customarily shared between buyer and seller in accordance with the Contract of Purchase and Sale:
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Please send us a message using the form to the right, alternatively, give us a call.
Address: 1263 – 10355 152 Street,Surrey, B.C. V3R 7P8
Phone: 604-954-1310
Opening Hours: Monday to Friday 9:30 am to 5:00 pm and 10:00 am to 4:00 pm on Saturdays, closed on Sundays and holidays.
