Conveyancing FAQ
Conveyancing FAQ
What conveyancing services do you provide?
At Cote & Evans Trial Lawyers, we can assist you with all your residential conveyancing needs. Whether it is buying, selling, re-financing or changes to title, we’ve got you covered.
Do I need a title insurance?
A title insurance will assist against a problem relating to fraud, title defects, etc. The insurance time span is for the entirety of the period you own the property. While not mandatory, we at Cote & Evans Trial Lawyers most certainly advise our clients to purchase title insurance because you will be at ease and protected against any mis-happens. Most lenders also require those purchasing property to obtain title insurance as a condition for providing a mortgage.
What is a statement of adjustments?
Is a document prepared to advise you of all your costs for your conveyance and how costs will be adjusted between buyer and seller. It will show you the breakdown of the amount due by you or payable to you on completion. Book your consultation with our firm and we can walk you through this document so that you have a good idea of the services rendered.
When will I receive the keys?
Most often, the keys will be ready for you to pick up on the date of possession through your realtor. The date of possession is typically a day or two after the date of completion.
Is a lawyer or notary required to complete a conveyance?
Lawyer VS Notary for conveyance?
If I know I am buying or selling, when should I speak to someone?
How is Property Transfer Tax Calculated?
Are there exemptions available to avoid paying Property Transfer Tax? Yes there are but it depends on the situation and cost of the property being purchased. A common exemption is the First Time Home Buyers Exemption. Make an appointment with us to discuss whether this exemption or others are available for your real estate purchase.