Burlington Real Estate law tips
ORDER A TAX CERTIFICATE FOR YOUR REAL ESTATE CLOSING
The process involved in purchasing a home can be stressful. Closing on your transaction is also stressful. For that reason you should ensure you have a good real estate lawyer to assist.
ORDER A TAX CERTIFICATE
Some real estate lawyers will do this for you for a nominal fee. Generally, its advisable to obtain one on your own. For one, its simple and cheap.
HOW DO I ORDER A TAX CERTIFICATE?
Contact the local municipalities tax department where you are purchasing. Inform them that you have purchased the subject property and require a tax certificate for your real estate closing.
Some jurisdictions may have additional requirements on obtaining a tax certificate.
HOW MUCH DOES IT COST TO ORDER A TAX CERTIFICATE?
It can range between 40 to 65 dollars.
WHY DO I NEED A TAX CERTIFICATE?
A tax certificate will identity the current years property taxes, last years property taxes and how much has been paid or outstanding. This is very helpful when it comes time for closing. Essentially, in a real estate closing we take the sellers of the property on their word as to how much in property taxes has been paid. However, the seller can be mistaken as to how much they have paid. Worse, a seller could be intentionally not disclosing.
Moving can be a very stressful time. With proper planning and co-ordination you will be able to manage the move effectively.
REAL ESTATE LAWYER NEAR ME
I am a real estate lawyer in Burlington, Oakville, Milton and Hamilton.
My address is 901 Guelph Line, Burlington.
You can also call or text at 416-505-4901
anytime for a free consultation