Home Page
Properties
Commercial
Seller's Information
Buyer's Information
VIP Program
Finance Centre
News/Market Update
Mortgage calculator
Featured Links
Contact Information
Buyer's Guide

/information makes the difference/

 

Legal Advise

Other Articles
Condominium Buyers' Guide/pdf format
Homebuying Step by Step/pdf format
How do I prepare to buy a home?
How To Choose the Right Neighborhood
Finding and Purchasing the Right Home
What Can I Afford
What should I look for when viewing a home
Types of Home
Applying For Your Mortgage - A Checklist
Legal Advise
Purchasing
Ontario Land Transfer Tax Calculator
Toronto Land Transfer Tax
Land Transfer Tax Rebates
Real Estate Forms
Government Programs
Closing
Glossary of Terms

 

The same advice applies to selecting your lawyer as to your real estate agent. Competitive fees, excellent service, knowledgeable, approachable and, in a word, VALUE...make sure that you get the right combination of price and service.

 

It’s not a bad idea to involve your lawyer before you sign the Offer, which becomes the legal Agreement of Purchase and Sale once signed by both the buyer and seller. If you wish, have your lawyer read the document carefully and review it with you. Once signed and accepted, your lawyer will order a series of searches from various municipal offices. This is to ensure that the vendors have not been sued and that they have paid all of their realty taxes, hydro, water and gas bills; and that there will be no old mortgages or liens on the property once you become the owner.

 

Your lawyer will also draft a series of closing documents, and will review the closing documents drafted by the lawyer for the vendor, since both lawyers participate in this process.

 

Your bank and lawyer will co-ordinate and draft the appropriate documents. Your lawyer will notify the property tax offices as well as the utility offices that you will be the new owner as of the closing day.

 

A few days before closing, you will visit your lawyer’s office to sign the closing documents. Then you bring a certified cheque for the balance of the closing funds, because the lawyer pays the relevant parties on your behalf (land transfer to the government, balance owing to the vendor etc.) Part of that amount covers the lawyer’s fee and the disbursements incurred. The lawyer obtains the mortgage funds directly from the lending institution.

 

 

Selling houses is my goal!

Putting people and homes together is my passion!

 

 

 

 

Michael Kagan
- Sales Representative -

 

michael.kagan@live.ca

 

 

Heritage Group Ltd., Brokerage

7330 Yonge Street, Thornhill, Ontario L4J7Y7

Office 905-764-7111

Fax 905-764-1274

Cell 416-993-0457

 

- Independently owned and operated -

 

Not intended to solicit properties currently listed for sale
or individuals currently under contract with a brokerage.

Privacy Policy

 
The material provided in the pages of this website is for informational purposes only. Although the site owner and creators assume the information to be correct, and attempt to keep information in the pages of this website as current as possible, they do not warrant the accuracy or completeness of any information included in or linked to this page.  

 

This site and all its contents are © 2004 CanadaRealty.com. Logos used with permission.

 

COOL.RU - каталог лучших сайтов Russian America Top Rambler's Top100