Condo Purchase - Legal Fees?

[calf]

Just a quick question - I just purchased a condo, and posession is almost a week away. I talked to my lawyer a couple of weeks ago, and he was saying that his fees would be around $1200...today, I found out that the cost will be substancially more than that (finding this out through my realtor...lawyer hasn't called, and I haven't been able to get a hold of him either). I'm wondering if the $1200 originally quoted was way too low to believe? What is the typical amount to be paid when buying? etc.


(no, it wasn't troutman )

[Bring_Back_Shantz]

That is a lot less than I paid.
I'm fairly certian when I bought my place the closing costs were between $500-800, I'm not entirely certain, but I know they weren't over $1000.

[4X4]

Who the hell is your lawyer? Johnny Cochrane? Substantially MORE than $1200? Are you sure you're not talking about CMHC fees or something? Lawyer fees are not that much unless you're buying some kind of Bearspaw acreage.

[calf]

Originally Posted by 4X4

Who the hell is your lawyer? Johnny Cochrane? Substantially MORE than $1200? Are you sure you're not talking about CMHC fees or something? Lawyer fees are not that much unless you're buying some kind of Bearspaw acreage.

looks like I was the victim of some miscommunication from the realtor...just spoke with the lawyer, and the costs are closer to $1k now, fortunately. Big relief.

[Alana Flames]

my lawyers fees were about 900 and that included 2 days worth of special insurance for overlapping possesion dates...

Talk to your lawyer agaian...there are all sorts of fees involved perhaps he was reffering to CMHC fees or back-fees for pre-paid condo fees or taxes(which you have to pay to the previous owner if they paid it ahead of time).

Maybe he is rolling more than one fee into one? Often lawyers arrange to have previously paid fees settled and just include it in their fees, then pay out the previous owner themselves.

[Muta]

Hey calf, make sure you clear up the issue of property tax with the seller / realtor before you close up the financial stuff. I paid for an extra 4 months this year because I didn't clear that up.

If those fees aren't already paid, you're looking at a hefty amount to pay relatively soon.

[Bill Bumface]

$900 for this guy as well.

[4X4]

Originally Posted by Muta

Hey calf, make sure you clear up the issue of property tax with the seller / realtor before you close up the financial stuff. I paid for an extra 4 months this year because I didn't clear that up.

If those fees aren't already paid, you're looking at a hefty amount to pay relatively soon.

Taht's the lawyer's job. You should talk to your lawyer and ask him or her what the fork they were smoking on the day they did your deal. If your taxes are anywhere between 1200 to 2400 per year, you lost 400-800 dollars. That's enough money to make a stink about.


And btw, taxes are paid on june 30th for the whole year. Possession before june 30th means the seller will owe you. Possesssion after teh 30th means you owe teh seller.

ps, I'm so sick of my fingers typing 'teh', when I mean to spell 'the'.

[Barnes]

I paid about 600 bucks. My lawyer reminded me of Lionel Hutz though.

[Bertuzzied]

Wow thats what you get for not going to Troutman.

I think I paid $300-$600 depending on the financing of the house.

Actually $1200 is insanely high. Are you getting like 4 different mortgages on your place or something?