October 23, 2025
Understanding Closing Costs: What You Need to Know
When purchasing or selling property, understanding closing costs is crucial to avoid surprises on closing day. Working with a real estate lawyer in Richmond Hill helps clarify what fees you’re responsible for and ensures everything is handled transparently.
Closing costs include land transfer taxes, title insurance, legal fees, and disbursements such as registration and search fees. Your Richmond Hill real estate lawyer will provide a detailed estimate of these costs upfront with fixed legal fees to help you budget effectively.
Beyond just cost transparency, your lawyer reviews the Agreement of Purchase and Sale, ensuring that closing adjustments are correctly calculated and all legal obligations are met. Without a legal expert, buyers or sellers risk unexpected charges or delays caused by errors in final settlements.
Whether you are buying your first home or selling an investment property, consulting a real estate lawyer in Richmond Hill guarantees that your transaction closes smoothly, and your financial interests are protected.
