REQUIREMENTS FOR PURCHASE/SALE AGREEMENT

General:

  • A purchase/sale agreement expressly states the terms and conditions of a real estate transaction.
  • Before preparing the agreement, we advise you to conduct a title search to confirm that the property is not mortgaged or encumbered in any way, that it is not engaged in any legal matters and that it is indeed in the name of the Seller.
  • It is also advisable to obtain an escrow agent, who is a trusted third party who will hold the funds in his account until the conditions of the agreement are met. To this end, the interests of both parties are safeguarded.
  • We provide both escrow services and title searches for an additional fee.

Requirements:

  • Full name and address of the Seller and Buyer
  • Copy of title (conveyance, land certificate, certificate of title, etc. )
  • Copy of survey
  • Purchase Price
  • Payment Plan (e.g. down payment, monthly payments, number of years and interest rates)
  • Copy of land tax statement and receipt
  • How defaults should be dealt with (e.g. grace period, cancellation of agreement, etc.)
  • Special Clauses or Additional Information

FEES:

Preparation of Purchase/Sale Agreement US
$500.00
Administrative Fees US
$50.00
Sub-Total
US
$550.00
General Sales Tax (12.5%) US
$ 68.75
 Total US
$618.75

An additional $500.00 will be charged if the purchase agreement will include terms on owner's financing.

Any additional time other than incidentals above and change of standard agreement will be charged at US $75.00 per hour plus administrative fee and general sales tax of 12.5%.

OPTIONAL SERVICES AND FEES:

Title Search for Declared Land
US
$  500.00
Title Search for Undeclared Land
US
$  700.00
Escrow Agreement
US
$250.00
Escrow Services US $500.00 (For properties that cost US $100,000. or less)
Escrow Services
US
$1,000.00 (For properties that cost between US $100,001. and
US $200,000)
Escrow Services
US
$2,000.00 (For properties that cost between US $200,001. and
US $500,000)
Escrow Services
½ % of the value (For properties that cost more than US $500,001.)
Charge on property
US
$  250.00
Discharge of Charge
US
$  250.00
Mortgage
US
$ 1,000.00
Cancellation of Mortgage
US
$  500.00
Transfer of Title for Declared Land
US
$  550.00
Transfer of Title for Undeclared Land
US
$  750.00

Transfer of Title with Covenants                       

US
  $1,050.00
Strata Title for Condominiums
US
$ 1,000.00 per unit
First Registration for declared land
US
$350.00 (does not include title search and survey fee)
Payment of property taxes
US
$100.00 per lot per year
Review of contract for recommendations
US
$ 500.00 minimum or ½% (whichever is greater)

Plus General Sales Tax of 12.5%, administrative fees and filing fees.

07/11

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