When you sell property in Barrie, our experienced real estate lawyer assists you with:
– Comprehensive Document Review: We examine every sale document, including the listing agreement and the Agreement of Purchase and Sale, to confirm the terms protect your interests and comply with Ontario regulations.
– Title Clearance: We identify and resolve issues such as outstanding liens, unregistered easements or old mortgage charges before they delay your closing.
– Statement of Adjustments: We prepare the official adjustments, accounting for property taxes, utilities and other prepaid or outstanding amounts so funds are divided fairly.
– Mortgage Discharge and Debt Payouts: We obtain payout statements and arrange for existing mortgages, lines of credit and other registered debts to be cleared on closing day.
– Secure Transfer of Sale Proceeds: Once the transfer is registered, we disburse your net proceeds directly to your bank account.
– Agreement of Purchase and Sale: The primary contract with your buyer, covering price, closing date and conditions. We review it to protect your interests.
– Recent Property Tax Bill: Used to calculate tax adjustments so costs are divided fairly between you and the buyer.
– Mortgage Statement: Shows your outstanding balance so we can calculate the discharge amount and your net proceeds.
– Property Survey: Outlines legal boundaries and easements. A survey can prevent disputes and reassure the buyer.
– Home Insurance Policy: Confirms coverage through closing day, protecting both parties during the transfer.
– Utility Bills: Recent hydro, water and gas statements help with closing adjustments and service transfers.
– Renovation Permits: Show major work was done legally and up to code, which supports your property’s value.
Perera Law also offers a wide range of real estate legal services, including:
– Notary Public Services
We serve sellers across Barrie, including Allandale, East Bayfield, West Bayfield, Holly, Ardagh, South Barrie and the Kempenfelt Bay waterfront, plus nearby Innisfil, Orillia, Bradford and Newmarket. Virtual meetings let us serve sellers anywhere in Ontario.
Selling a property involves various costs. We help you understand and plan for:
– Legal Fees: Transparent flat-fee pricing covering document preparation, title searches and closing representation.
– Real Estate Commission: Usually the largest selling cost, typically 3% to 6% of the sale price, split between the buyer’s and seller’s agents.
– Land Transfer Tax Considerations: Normally paid by the buyer, but worth understanding for negotiations, especially in a buyer’s market.
– Capital Gains Tax: If the property is not your principal residence, you may owe capital gains tax on the profit.
– Mortgage Discharge Fees: Lender charges to remove the mortgage from title, including possible penalties for breaking a term early.
Planning to sell your Barrie property? Contact Perera Law today to discuss your sale and receive a clear, upfront quote.
Perera Law charges flat fees, confirmed with a free quote before you commit. The fee covers preparing the transfer documents, discharging your mortgage, and handling the flow of funds on closing day.
Your lawyer prepares the transfer documents, confirms you have valid title to convey to the buyer, arranges the mortgage discharge with your lender, calculates adjustments, and ensures you receive your sale proceeds. Disbursements such as registration fees are listed separately in your quote.
Sellers typically pay legal fees, mortgage discharge fees charged by their lender, and any outstanding adjustments for property taxes or utilities. Your lawyer sets out every amount in writing before closing so you know exactly what to expect.
Each side pays its own lawyer. As the seller, you pay your lawyer's flat fee plus applicable disbursements, usually settled from the sale proceeds on closing day.
Looking for more information about selling real estate in Barrie? We’ve compiled a selection of informative blog posts covering a range of topics related to the home selling process. From understanding legal terminology to navigating market trends, these articles offer valuable insights to help you make informed decisions and confidently navigate your real estate transaction. Explore the posts below to expand your knowledge and prepare for a successful home sale.
Why You Need a Lawyer When Selling Your House in Ontario Selling a house in Ontario is a significant undertaking that involves various legal intricacies. Whether you’re a first-time seller
Read More Barrie Real Estate Market Update: How Perera Law Can Help You Navigate Changing Times In the ever-evolving landscape of real estate, staying informed about market trends is crucial for both
Read More Navigating the intricate world of real estate transactions can be challenging, but with Perera Law at your side, you can move forward with confidence.
Read MorePerera Law has supported home sellers across Barrie and Ontario with smooth and well-coordinated closings. From first-time sellers to investors and clients relocating to other regions, our firm provides clear explanations, flexible signing options, and timely communication at every step. These case studies highlight how our real estate lawyer helps sellers navigate the sale process confidently and without stress.
View All Case StudiesA Brampton home sale closed smoothly thanks to organized documents, clear timelines, and responsive communication from the lawyer.
Read MoreA Mississauga home sale stayed on track despite buyer-side delays thanks to steady follow-ups, organized documents, and clear communication.
Read MoreA Brampton seller closed while out of province through remote signing and steady communication, resulting in an on-schedule, stress-free sale.
Read MorePerera Law is here to help, so let’s work together.
Ask Perera Law about flat-fees, evening/weekend appointments and mobile services.
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