Legal fees when selling a residential property in Saskatchewan are the costs you pay to a lawyer for their services in helping you with the legal aspects of the sale. These fees can vary based on factors like the complexity of the transaction.
Legal fees cover a range of services, including:
- Document Preparation and Review: We will prepare and review important documents related to the sale, such as the purchase agreement and the transfer of ownership papers.
- Title Search and Examination: We will check the history of the property to make sure there are no problems with ownership or other issues that could affect the sale.
- Closing Process: We will oversee the final steps of the sale, which involves transferring the ownership to the buyer, exchanging money through trust conditions, and ensuring that all legal requirements are met.
- Communication: We will communicate with the buyer’s lawyer, real estate agents, and any other parties involved to make sure everything is coordinated.
- Legal Advice: We will provide you with legal advice and answer any questions you might have about the selling process.
It’s important to remember that legal fees are separate from other costs associated with selling a property, such as real estate agent commissions, any outstanding property taxes, and title searches and transfer fees, office disbursements, courier and mortgage discharge fees.