Real estate blog entries tagged with lawyers by Durham Region For Sale By Owner

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Home : Blogs : Durham Region For Sale By Owner : Durham Region For Sale By Owner's Blog : Tag "lawyers"

lawyers: 25% Of Residential Real Estate In Canada Is Sold Privately - 09/01/08 05:12 PM

Private sales of real estate in Canada amount to 25% of the market. This number surprises a lot of people, however statistics will verify it.
Have you ever bought a new home from a builder? If so, this was a private sale. No real estate agents were involved in the transaction as it was not listed on MLS. The builders representative drafted an offer which contained a condition for a few days to allow your lawyer to review it. If you accepted the agreement, you proceeded with the purchase.
So what is so difficult about selling your own home? You market the … (3 comments)

lawyers: What Is A Condo Status Certificate? - 08/31/08 02:19 PM

A condo status certificate is a health report of the condominium corporation for which it was prepared. It was previously called an estoppel certificate.
Status certificates are generally ordered when a buyer submits an offer to purchase a unit in the condo complex. They will make the agreement conditional upon receiving one and their lawyer reviewing and reporting the findings to them. Based on the information revealed in the report, the buyer will decide whether they want to proceed with the transaction.
The cost of a status certificate is $100 maximum with includes taxes. A written request with the fee is … (0 comments)

lawyers: Make Your Offer Conditional Upon Approval By Your Real Estate Lawyer - 08/05/08 08:56 AM

Buyers and sellers should make their offer conditional on a real estate lawyer's approval.
Whether you are selling privately or using a real estate agent, consult with a legal professional. Although realtors have an understanding of the paperwork required for a real estate sale, they are not lawyers.
Your purchase or sale might require specific wording or a clause that your lawyer will insert in order to protect you. This step can potentially save you hundreds and maybe thousands of dollars.
If you are buying a home through a real estate agent, have them insert a condition that allows a few … (0 comments)

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