The majority of home buyers are not afforded the luxury of paying for a home without obtaining a loan from one of the many available lenders. As a result, it is usually a requirement that the buyer arrange a mortgage with their lender. A buyer of real property should be aware that the requirements of…
Gemma Brown (continuing the long standing involvement of Bob Smith in the community), along with fellow Southeast Events Group board members, check out the ice after Friday’s opening – what an exciting day for this community culminating years of effort!
When selling a home, sellers normally receive an offer to purchase from a purchaser which sets out the terms of the agreement between the buyer and seller. The offer to purchase creates a binding agreement between the parties and therefore, if you have any questions about it, you should consult your lawyer prior to signing…
An offer to purchase is the form used to create the agreement between the buyer and seller. Once the offer to purchase is signed, the agreement between the parties is established, and your lawyer will be limited by the agreement with regard to their ability to assist you. Therefore, prior to entering into an offer…
It is often a term of the Offer to Purchase that the property being purchased shall be free from encroachments from neighbouring properties, that none of the buildings being purchased are encroaching onto the neighbouring properties and that the property will be in compliance with all applicable building and zoning regulations. The only effective way…
In the event that you are purchasing a home where a tenant is living in the property and you do not intend to terminate the lease or to have the seller terminate the lease prior to the date of possession, we would advise that a buyer proceed with extreme caution. There are many rules and…
Fees The fees to your lawyer charges for all typical work with respect to your purchase include such things as: To ensure fair and competitive fees, the lawyers within our firm generally abide by a price guideline established by our firm, which is dependent upon the amount of the transaction, and the complexity of the…
If you have hired a real estate agent to help you with the sale of your home, you will be required as a term of your agreement with the agent, to pay real estate commission for their services. The real estate commission is usually payable as a percentage of the purchase price obtained for the…
It will be a requirement of most Offers to Purchase that the seller transfers to the buyer title to the land, clear of all registered encumbrances, mortgages, liens, etc., with a few exceptions. As a result, your lawyer will conduct a search of the title upon opening their file to determine which registrations will remain…
Fees Lawyers fees with respect to the sale of a typical home are usually less than half a percent of the sale price, and sometimes less than a quarter of a percent of the sale price. At Smith Neufeld Jodoin LLP, our lawyers typically adhere to general policies regarding fees which are based upon the…