104-1601 Regent Ave W, Winnipeg, MB, R2C 3B3
204-224-2222 204-224-0111
At Adleman & Solar Law Office, we represent the interests of our clients in matters related to real estate law. Whether you are buying or selling a residential property, house or condominium, we can help. Contact us for an estimate.
Your down payment and mortgage cover only the purchase price of your home as set out in the offer. There are other costs involved to complete the purchase. These are often referred to as “closing costs”. Prior to your appointment to sign documents, we will send you an estimate of closing costs setting out how much you need to bring in to complete the purchase. These costs include legal fees, disbursements, other one-time expenses, adjustments and taxes. The following is a brief explanation of some of these costs:
Taking Possession
On the date of possession, we will need you to call a water reading in to the City of Winnipeg, phone number: 204-986-2455, and to our office as well.
It is recommended that you change the locks after taking possession.
Selling a Home
If you do not have a real estate agent it is a good idea to have a condition in the offer you receive that it is subject to your lawyer’s approval. That will allow us to meet with you to review the offer and search the title.
If you have an existing Surveyor’s Certificate and Zoning Memorandum, please bring those to your appointment.
The traditional practice is that the sale proceeds are not available until title issues in the name of the purchaser. In some circumstances if the purchaser has title insurance and their mortgagee and their lawyer confirm, the proceeds may be available prior to the completion of registrations.
You should keep the fire insurance on the property you are selling until we inform you that title has issued in the purchaser’s name. This ensures there is no problem if something happens.
Water reading: The water account remains with the property so you must take a water reading when you leave the property for the last time. You must call the reading in to the City of Winnipeg at 204-986-2455, and also to our office. We are required to pay the final water account from the sale proceeds.
Refinancing
If you are refinancing your home, your financial institution may likely require you to have a lawyer prepare and register your new mortgage.
Our role involves conducting a title and tax search of the property, reviewing the mortgage instructions and preparing the document and submitting it for registration. Your financial institution may require you to obtain title insurance.
You will also need to have your fire insurance updated and have your insurance agent provide confirmation to our office.
After receiving the proceeds of your new mortgage, we will attend to payout of your old mortgage.