Purchasing a home is always a meaningful and significant experience for first-time homebuyers, but sometimes the excitement that surrounds a homebuyer’s transaction clouds the realities of some of the unexpected costs associated with purchasing a residential property for the first time. One of these unexpected costs is the dreaded Land Transfer Tax (“LLT”). LTT is …Read More
(and no, Land Transfer Tax is not a scam) While a typical right-of-passage of adulthood has traditionally included the first purchase of a home, skyrocketing prices, lack of inventory, bidding wars and income insecurity have made this milestone incredibly challenging for today’s first-time home-buying demographic – arguably more now than any time in the past …Read More
Make sure you know what you’re ordering In my unique role, I interact often with prospective clients who are trying to decide on a law firm for their upcoming real estate transaction. Many are first-time homebuyers. Almost all have questions: ‘Who’s the best lawyer?’, ‘What’s a good price?’, ‘Is Land Transfer Tax a scam?’, ‘How …Read More
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