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Selling a Home: Real Estate Commission
July 23rd, 2014 by SNJ
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 property being sold. It is the usual practice of the… Read More »
Selling a Home: Offer to Purchase
July 23rd, 2014 by SNJ
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 the offer to purchase. As an alternative, you may make… Read More »
Buying a Home: Costs
July 23rd, 2014 by SNJ
Fees The fees to your lawyer charges for all typical work with respect to your purchase include such things as: title searches at the land titles office; investigating taxes related to the property; exchanging information with the seller’s lawyer; preparing all documentation necessary to complete the purchase; answering your questions and meeting with you to review and sign all necessary documents; negotiating satisfactory closing trust… Read More »
Buying a Rental Property: Residential Tenancy Issues
July 23rd, 2014
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 regulations that govern the relationship of landlord and tenant in… Read More »
Buying a Home: Property Taxes
July 23rd, 2014 by SNJ
In a typical real estate purchase, an adjustment is usually made to the purchase price with respect to property taxes. This is due to the fact that property taxes are paid at different times of the year in the various areas of the province, but regardless of which area of the province the property is in, property taxes are always paid for the current calendar… Read More »
Buying a Home: Survey Issues
July 23rd, 2014
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 for a buyer to determine if the property meets with… Read More »
