Blog Post

What is the Statement of Adjustments?

Irina Bartnik Notary Public • Jul 20, 2021

Statement of adjustment is the Document that is prepared by your Notary or Lawyer and it shows all the expenses associated with the Purchase or Sale of the property.


For example if you are selling the property and already pre- paid Property taxes for the whole year, or for Strata fees for the current month, Statement of Adjustments will provide credit to you as a seller for the amounts that you over paid. Also, Statement of Adjustments will show total Real Estate fees and Legal fees payable on the transaction.


If you are purchasing the property, Statement of adjustments will reflect your closing costs, for example Property Transfer tax; cost of Strata forms, Legal fees and cost of getting financing.


The outcome of Statement of adjustments is the amount that Seller will receive after the sale is completed and for the Buyer it will show the amount that they need to bring to the Notary prior to closing to complete the sale.

If you have any more questions, feel free to contact me!

604-575-7494 or email me at [email protected]

Sincerely,

Irina Bartnik

Notary Public

604.575.7494

🏑 Discover Fort Langley with Andy Schildhorn! 🌟

By Andy Schildhorn • 17 May, 2024
🌟 Hi there, it's Andy Schildhorn from Macdonald Realty! For over 30 years, I've proudly called Fort Langley my home—where history and vibrant culture blend seamlessly. πŸ›οΈ Explore iconic landmarks like the Community Hall, CN Rail Station, and the Old Fort. 🍽️ Don't miss a visit to Ancestor Café, showcasing indigenous foods. 🎷🎨 Our village buzzes with festivals year-round, including the Jazz and Arts Festival. Enjoy outdoor activities along the Fraser River, scenic trails, and top-notch cycling routes. 🚴‍β™€οΈπŸŒ³ 🍰🍝 Stroll down Glover Road, our charming main street, with its friendly shop owners and delightful spots like Wendels' Cafe and Giulia's Mangia e Scappa. 🏑🌲 Discover diverse real estate options, from quaint backyards to riverside condos and expansive acreages. πŸ“… Join our thriving community—click the link below to schedule a chat. πŸ‘πŸ”” Thanks for watching! Don’t forget to subscribe, and I look forward to hearing from you soon. πŸ“ž 778.835.8957 - https://calendly.com/andyschildhorn 🌐 www.AndytheRealtor.com Your Langley and Fraser Valley Realtor.

🌾🍎 Celebrate 102 years of May Day in the Village πŸ“πŸŒ»

By Andy Schildhorn • 15 May, 2024
The body content of your post goes here. To edit this text, click on it and delete this default text and start typing your own or paste your own from a different source.

πŸ€— Sometimes we need to smile.

By Andy Schildhorn • 14 May, 2024
πŸ“£ "Success is not the key to happiness. Happiness is the key to success. If you love what you are doing, you will be successful." - Albert Schweitzer
More Posts
Share by: