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Everything You Need to Navigate Your Real Estate Transaction

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Buying, selling, or reﬁnancing a property involves many moving parts, and being informed can make the process smoother. At Property Law, we believe in providing transparent and accessible legal guidance so you can make conﬁdent real estate decisions.

Here, you’ll ﬁnd essential resources on online closings, real estate fees, property calculators, assignment sales, and what to expect throughout the process.

ONLINE CLOSINGS

A Faster, More Convenient Way to Close Secure, Digital, and Hassle-Free Closings

Digital Closing Solutions

With advancements in technology, remote and online real estate closings have become a convenient way to complete property transactions without visiting a lawyer’s office. Property Law offers fully digital closing solutions, allowing you to sign documents securely from anywhere.

How It Works

Virtual Consultation – Meet with our legal team via video call.
E-Signature Process – Securely sign documents using a government-approved platform.
Closing Confirmation – Once everything is complete, we finalize the transaction with the necessary parties.

Benefits of Online Closings

Convenience – Sign legal documents from home, work, or on the go.
Efficiency – Faster processing times with digital document exchange.
Security – Fully encrypted and legally recognized digital signing.
No Extra Costs – Save time and money on travel and in-person meetings.

Want to learn more?

Contact us today for a seamless online closing experience.

REAL ESTATE FEES

What You Need to Know
Understanding the Costs Involved in Buying and Selling Property

Many homebuyers and sellers underestimate the additional costs of a real estate transaction.

Need a full breakdown?

Contact our team for a personalized estimate.

Here’s what you should plan for:

Legal Fees – Covers title searches, contract reviews, and document registration.
Land Transfer Tax – Varies by province and municipality; first-time buyers may qualify for rebates.
Title Insurance – Protects against fraud, ownership disputes, and title defects.
Realtor Commissions – Usually 4-5% of the sale price, split between buyer and seller agents.
Adjustments and Disbursements – Covers unpaid taxes, utilities, or condo fees on closing day.

Understanding Assignment Sales in Real Estate

An assignment sale allows a buyer (the assignor) to sell their rights to a pre-construction property before it officially closes. This is common in condo developments and new home builds where the original buyer no longer wishes to take possession.

Thinking about an assignment sale?

Our team can guide you through the legal process!

Key Considerations for Assignment Sales

Approval Requirements – Not all developers allow assignments; contracts must be reviewed carefully.
Legal & Financial Implications – Assignors may need to pay capital gains tax on profits.
Deposit Transfers – Any deposit paid to the builder is typically included in the sale price.
HST & Closing Costs – Buyers may be responsible for additional taxes and fees at closing.

What to Expect in a Real Estate Transaction

Step-by-Step Guide to Closing Your Property Deal

The real estate process can feel overwhelming, especially for first-time buyers or sellers. Here’s a breakdown of what to expect:

For Buyers

Offer Acceptance – Negotiate and sign a legally binding purchase agreement.
Deposit Submission – Typically due within 24 hours of offer acceptance.
Mortgage Approval & Title Search – Your lender and lawyer verify ownership details.
Closing Day – Funds are transferred, and the property officially becomes yours.

For Sellers

Accept an Offer – Finalize the terms and conditions with the buyer.
Accept an Offer – Finalize the terms and conditions with the buyer.
Mortgage Payout (If Applicable) – Any outstanding balance is cleared from sale proceeds.
Receive Sale Proceeds – Once the deal closes, the remaining funds are transferred to you.

Knowing what to expect helps reduce stress and prevent last-minute surprises.

Have questions? Our legal team is here to guide you every step of the way.

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NEED MORE INFORMATION?

Call us today for personalized guidance on your real estate journey!

At Property Law, we’re committed to making real estate transactions simple, transparent, and hassle-free. Whether you need help with online closings, fee estimates, assignments, or understanding closing costs, our legal experts are here to assist.

Testimonials

We have worked with thousands of amazing people

This is my second time working with Sam as my lawyer. I really find him extremely thorough and I felt like I was well educated about my situation when purchasing and selling my home. Kendra, Sam’s Paralegal is really great too. I find her and Sam both really quick to address questions or respond to messages. I appreciate that, being an anxious person! My experience was very positive and I’d highly recommend Property Law Firm.

Stacy Lanaway

Amazing team and experience! The attention to detail when it came to both buying and selling our home made the entire experience so easy. Highly recommend

Eli Helfand

From start to finish the team was great. Amazing email communication and we never felt we were out of the loop in regards to our house purchase. Sam was amazing when it came to signing and finalizing. Highly recommend!

Jesse Paul

“I couldn’t be happier with the expertise, professionalism, ease & promptness in which my law clerk Shaindel Goodman handled the legalities of closing my mortgage. She was kind, understanding & put all my worries to rest. How great is technology to be able to get a mortgage virtually and in the comfort of my own home! Don’t look elsewhere, call Property Law Firml! You will be happy you did!!

Diane Biamonte

The team at Property Law Firm made the entire process so easy and smooth to sell my condo. It was effortless. I would use them again.

Richard Wong

Fast, Reliable and Flexible. They get the job done! In my last house closing, I was tight on time and I needed to know the figures to pull the money from the bank. The other lawyer had not contacted [Property Law Firm] so Lorraine took the liberty of doing the figures herself and was exact with her calculations. This was a tremendous help to me which allowed for a smooth and stress-less closing. Thank you Lorraine.

Alexander Walczak

We had the pleasure of dealing with Sabrina and Daniel for our real estate purchase and we have, and will continue to, highly recommend them. Sabrina went above and beyond with our purchase, and also assisted our sale Lawyer with completing our sale conditions even though this was not her responsibility. We feel very fortunate to have been provided with the exceptional service we received from them both. We’ve moved many times and this experience was by far the best of them all. Thanks, again!

Kelly Noda

I am very impressed with the level of communication between the team and ourselves to get the job done. A seamless experience. Thank you

Janine Hartsook

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