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Between $150 and $500 per hour
- On average, you can expect to pay between $150 and $500 per hour for a real estate attorney’s services, with some attorneys charging flat fees for specific tasks, such as reviewing real estate legal documents or providing a real estate lawyer consultation.
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How much does it cost to hire a real estate lawyer? Legal fees depend on how complicated the purchase transaction is, as well as the lawyer’s expertise. Most of the time, there will be a base fee that depends on the type of home (detached, condo, etc.) and then you’ll pay for disbursements (faxing, photocopying, etc.) and registration fees.
- Jamie David
In Canada, real estate lawyers usually charge a flat legal fee for the transaction. This can vary from $1,100 to $1,800 or more, and depends on whether you are purchasing a home or selling a home, the value of the home, and your location. Some real estate lawyers might charge an hourly rate instead of a flat fee.
- Legal fees and disbursements. These fees are charged by a lawyer or notary, and can cost up to $1,200 depending on the complexity of the deal. Your lawyer or notary will arrange all transfers, payments and other factors of the funds for the real estate transaction.
- Property or land transfer tax. This is applied on all purchases of homes. These taxes are calculated at different rates depending on the province and city in which the sale takes place.
- Property taxes. This should come out of your legal fees, and your notary will take care of this. You will owe or receive a prorated amount for the remainder of the year’s property taxes.
- Utility payments/hook-up fees. You will have to pay to have your utilities connected to your new property.
Aug 11, 2024 · How much do lawyers charge for a residential sale transaction? Lawyers typically charge a legal fee between $800 and $1,500 for a residential sale transaction in Ontario. This fee generally includes services such as title searches, document preparation, and transaction closing.
Aug 11, 2024 · In this easy-to-follow guide, we’ll break down the costs associated with hiring a real estate lawyer. We’ll look at the various factors that affect these fees, give you a heads-up on what you might expect to pay, and explain how costs can vary depending on the type of transaction and where it’s happening.
May 22, 2024 · On average, you may expect to spend between $150 and $500 per hour for a real estate attorney‘s services, with some attorneys charging flat fees for certain activities like examining real estate legal paperwork or conducting a consultation.
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Average Real Estate Lawyer Fees in Ontario for house closing are between $450 to $1,500, depending on the transactions’ complexity. In addition, some real estate lawyers charge an hourly rate between $270 to $450 + HST per hour plus Law Office disbursements.
