Seller's Closing Costs

Legal Fees and Disbursements

Legal Fees are what your Notary charge as their fee to prepare your closing documentation. For a typical sale with a mortgage to discharge in Vancouver the fees are  approximately $800.00 to $1,500.00 plus taxes and disbursements.

For example my services would be as follows:

1. To review the fully executed Contract of Purchase and Sale you or your realtor have provided to me;
2. To search title;
3. To identify and confirm with you the charges that are your responsibility to discharge;
4. To request payout statements from the identified Lenders;
5. To review payout statements upon receipt from the Lenders;
6. To receive, review, and revise as necessary, the sale documents from the Buyer's legal representative;
7. To prepare supporting documents;
8. To attend to or arrange for execution of sale and supporting documents;
9. To negotiate appropriate closing undertakings with solicitor/notary for Buyer;
10. To receive and account for trust funds;
11. To provide your Lenders with payout proceeds and discharge forms;
12. To disburse trust funds;
13. To register discharges received from the Lenders;
14. To report.