SGA::Residential Real Estate Closing

Introduction

Secure Closings, Smooth Transitions With Spear and Shield Law

At Spear and Shield Law, we provide legal support for all of your residential real estate transactions with a fixed closing cost quote. Whether you are handling a property purchase, sale, or mortgage refinancing, our legal team ensures a smooth transaction with precision and attention to detail. We conduct thorough due diligence, including a comprehensive title search, lien verification, and review of the Agreement of Purchase and Sale (APS) to safeguard against title defects or unfavourable clauses.

Whether you're a first-time homebuyer or a seasoned investor, at Spear and Shield Law, we provide clear legal guidance at every stage. When you work with us, you’re not just completing a transaction; you are securing one of the most significant financial decisions of your life. With the Spear and Shield Law by your side, you can close with confidence. We also help clients navigate closing adjustments, land transfer tax obligations, and recommend appropriate title insurance to protect your investment well beyond the closing date.

At Spear and Shield Law, we securely manage your transaction funds through our trust account in compliance with the Law Society regulations. With the Spear and Shield Law, close your real estate transaction with confidence.

Our Solutions

Our Residential Real Estate Closing Services

We provide end-to-end residential real estate legal services for buyers, sellers, and refinancers. At Spear and Shield Law, we handle all legal, financial, and procedural details with accountability. From title searches to final signatures, we streamline your closing to protect your interests every step of the way.

Agreement of Purchase and Sale (APS) Review & Drafting

We carefully prepare or review the APS to ensure that your legal rights are protected and potential liabilities are minimized. By outlining obligations, timelines, and contract terms in detail, we help ensure a smooth and predictable closing process.

Title Search & Resolution of Ownership Issues

Our team conducts a thorough title search to identify any issues that may impact your ownership rights or delay the closing process. We flag concerns early, such as easements, encroachments, or prior claims, so they can be resolved in advance.

Title Insurance Arrangement

We assist you in securing title insurance to protect your property equity and financial interests against potential title defects, errors in public records, or fraud. This safeguard preserves the integrity of your real estate investment while securing its long-term value.

Mortgage and Refinancing Documentation

We review lender instructions to prepare all necessary documents to ensure your mortgage is properly registered. Whether you’re taking a new mortgage or refinancing, we ensure legal mortgage registration, review interest rate conditions, and clarify the structure of your amortization schedule.

Communication with realtors, lenders, and other legal representatives

We coordinate directly with realtors, mortgage lenders, and legal counsel to ensure everyone is aligned. At Spear and Shield Law, our proactive approach minimizes the risk of miscommunication, helping to avoid closing delays.

Preparation and review of Statement of Adjustments

Our team prepares a detailed Statement of Adjustments that outlines all financial line items, including deposits, credits, debits, and prorated expenses. It offers a clear view of the financial details, ensuring transparency at the time of closing.

Discharge of existing mortgages or liens

We handle the disbursement of funds to pay off any outstanding mortgages or liens on the property, ensuring you receive a clear title. This measure ensures protection for both sides, helping to prevent complications after closing.

Legal Compliance & Tax Filing Requirements

Our legal team ensures your transaction is compliant with all municipal and provincial laws, including Land Transfer Tax, HST, and applicable rebate programs. We also advise non-residents on potential tax implications.

Calculation of Closing Adjustments

We calculate, verify all closing adjustments to protect your financial interests, including property taxes, prepaid utilities, and common expenses. This ensures an accurate allocation between buyer and seller.

Facilitating the transfer of title and registration

We handle the transfer and registration of your property title with the appropriate land registry office. You will receive official confirmation that ownership has legally changed hands.

Handling of all funds and trust account transactions

We securely manage your transaction funds through our trust account, in compliance with the Law Society regulations. We handle deposits, payouts, and legal financial disbursements in full compliance with the Law Society accounting rules.

Final reporting and document delivery

Once the transaction is completed, you will receive a comprehensive legal report including registered title documents, mortgage documentation, insurance confirmation, and a detailed financial summary. This provides you with clear, organized records for your future reference.

FEATURE

Your Trusted Partner for Financially Sound Real Estate Closings

At Spear and Shield Law, we recognize that every real estate transaction comes with unique financial goals. Our team is committed to understanding your specific needs and delivering services aligned with your goals. We manage every aspect, from initial document review to the final disbursement of funds. Our professional team will also guide you through mortgage financing and refinancing options, helping you make an informed decision.

At every stage, we ensure accessibility while upholding complete transparency with clear communication. Our professional team carefully handles closing adjustments, land transfer tax obligations, and applicable HST rebates to prevent any unexpected costs. What sets us apart is our focus on detailing that would align with your long-term financial strategy. We aim to make your experience smooth, efficient, and worry-free. We safeguard your investment through precision and professionalism while ensuring a smooth, efficient closing experience

At Spear and Shield Law, building trust is paramount. We deliver results and continuous support, whether this is your first purchase or part of a larger portfolio. We ensure the process is seamless, efficient, and free from unnecessary stress.

Our Experts

Sumit Garg CPA, CA

Partner, Senior Vice President Assurance & National Leader Public Companies

1-877-251-2922

Sumit.garg@sgaglobe.com

Sumit Garg CPA, CA

Partner, Senior Vice President Assurance & National Leader Public Companies

1-877-251-2922

Sumit.garg@sgaglobe.com

Sumit Garg CPA, CA

Partner, Senior Vice President Assurance & National Leader Public Companies

1-877-251-2922

Sumit.garg@sgaglobe.com

Sumit Garg CPA, CA

Partner, Senior Vice President Assurance & National Leader Public Companies

1-877-251-2922

Sumit.garg@sgaglobe.com

Why Choose Tick & Tally for Accounting Advisory Services?

1

Integrated Expertise

Our services combine tax, legal, and estate planning solutions all in one place.

2

Experienced Lawyers

Our team includes lawyers with experience in real estate law, family law, tax law, and wills & estate law under Spear & Shield Law Professional Corporation.

3

Prestigious Memberships

Our team is a member of various law associations like the Canadian Bar Association, the Ontario Bar Association, the Law Society of Ontario, the Peel Law Association, and the Halton Law Association.

4

Decades of Experience

Our professionals bring many years of experience in real estate law and tax.

5

Continuous Learning

We attend workshops and seminars from bodies like the Canadian Bar Association, Ontario Bar Association, Peel Law Association, Halton Law Association, The Advocate Society, Toronto Lawyer Association, Law Society of Ontario, Estate Planning Council of Canada, and Mississauga to keep us updated.

6

Unified Approach

Our professionals collaborate to provide comprehensive advice, eliminating the need for multiple experts.

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Residential Real Estate Closing

Introduction

Secure Closings, Smooth Transitions With Spear and Shield Law

Our Solutions

Our Residential Real Estate Closing Services

Agreement of Purchase and Sale (APS) Review & Drafting