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How to go over text deed

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Hi and welcome back. Im Ted Thomas and what were going to talk about today in this episode is how to buy tax deeds over the counter? You can also buy tax lien certificates over the counter but well cover tax deeds over the counter on this particular episode. Ill also talk to you a little bit about making money with tax liens and a little bit about the auctions. So, before I finish this video, at the very end, Ill talk to you about 2 mistakes that I want to make sure that you avoid and they all take place or those 2 mistakes, I should say, take place at the auction. Now, the auction, people get excited but theres w mistakes that they make that could cost you 25 or even $50,000 in lost money, so I want to make sure that you avoid those so hang in with me til the end and youll see those 2 mistakes, that way youll be able to avoid them. Stay tuned and Ill come right back. So, let me get started with a little foundational material, give you a little basis of

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Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

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How do I look up a deed in Nova Scotia?

How do I get a copy of my deed? Property information as well as copies of deeds, documents and plans can be obtained at any Land Registration Office. Location and contact information for each Land Registration Office can be found at the Office Locations. (select Land Registration from the service drop down menu).

Do you pay tax on land in Nova Scotia?

The 15% HST applies to property and services provided in Nova Scotia, New Brunswick and Newfoundland and Labrador (the participating provinces).

How long does it take to migrate a property in NS?

How long will the migration process take? Different factors, such as clarity of property description and complexity of back title, will dictate the time frame of the process; therefore it is advisable to allow three weeks for a migration. An individuals lawyer can better say how long the process will take.

What is the deed Transfer Tax Act Nova Scotia?

The Provincial Deed Transfer Tax (PDTT) is effective for all purchase and sale agreements and other specific transfers starting 1 April 2022. The PDTT applies to all residential properties or portion of property deemed residential with 3 dwelling units or less, including vacant land classified as residential.

How much does it cost to migrate a property in Nova Scotia?

A lawyers fees for a migration may fall between $800 and $2000.00 (this is an estimate, actual cost depends on the complexity and other factors). The migration incurs a NS Land Registration fee of $100.00 (current fee as of writing) as well and a title searchers fee (between $150.00 and $500.00 estimate).

Who is exempt from deed transfer tax in Nova Scotia?

The tax is charged at 5% of the property valuation and was announced with the 2022-23 provincial budget. You are exempted from the increased tax if you become a resident of Nova Scotia within six months of the transaction closing date.

Who pays deed transfer tax Nova Scotia?

104 The deed transfer tax shall be paid by the grantee named in the deed within ten days of the transfer .

What does it mean to migrate a property in Nova Scotia?

In Nova Scotia, the land registration process has changed, and that has created a need for migration. Migration is where properties are moved from the old registration system to the new one. If you want to sell or refinance your home or property, you may first need to go through the migration process.

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