Selling a Property
Whether you’re upsizing, downsizing, or somewhere in between-sizing, our dedicated team of real estate lawyers will help make the selling of a property easy, painless and efficient.
What We Do
In selling a property, our real estate lawyers will communicate with your mortgage company to determine the precise amount owing on the date of closing to direct the payout; we prepare and register the discharge of your mortgage; we conduct a search of the property to outline encumbrances on title; and on closing we payout the mortgage, real estate commission, property taxes and utilities. We ensure the flow of funds from the sale are administered properly and seamlessly.
More importantly, we discuss with you any potential problems in respect of the property or title that could delay closing.
Why Kalfa Law
Most importantly, we advise you on properly claiming the principal residence exemption to capital gains taxation pursuant to section 40(2)(b) of the Income Tax Act on the sale of your home. No one wants to pay more tax than necessary.
At Kalfa Law, we seamlessly and efficiently process your transaction to ensure your closing occurs on time and without additional expense. We also discuss value-added tax planning opportunities in relation to your real property holdings. Our real estate lawyer will meet with you, guide you through the sale process and answer all of your questions along the way.
Buying a Property? We’re here to help™