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 Vendor and Purchaser

  • Copy of conveyance/certificate of title

  • 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 Sale/Purchase Agreement

US
$500.00

Administrative Fees

US
$100.00

General Sales Tax (10%)

US
$ 60.00
   

Total

US
$660.00

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 10%.

OPTIONAL SERVICES AND FEES:

Title Search for Declared Land

US $ 200.00

Title Search for Undeclared Land

US $ 350.00

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.)

Complete follow up of transactions

US $ 500.00

Charge

US $ 150.00

Discharge of Charge

US $ 150.00

Mortgage

US $ 500.00

Cancellation of Mortgage

US $ 250.00

Transfer of Title for Declared Land

US $ 250.00

Transfer of Title for Undeclared Land

US $ 500.00

Plus general sales tax, administrative fees and filing fees.

 

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