Newsletter – Title Tips

With over 25 years of Real Estate experience and over ten thousand deals closed, we have come across most of the issues that come up in closing a Real Estate deal. To help our clients we publish a newsletter “Title Tips” to answer questions and keep closings smooth. Below are the most common questions and issues we find.

Disclaimer: The information provided on this website is not intended and should not be relied on as legal advice. Feel free to call John Zinati to discuss your particular situation today.

6 Reasons to Avoid Putting Your Child’s Name on the Deed to Your House

Before making the decision to add your adult child(ren) to the title for your primary home, talk to a real estate deed lawyer in Toronto. While the idea to add their name to the deed may come with good intentions, the cons can outweigh the pros.

Here are some reasons why you shouldn’t add you child(ren) to the title of your deed.

... 6 Reasons to Avoid Putting Your Child’s Name on the Deed to Your House

Things to Consider when Hiring a Property Dispute Lawyer in Toronto

A property dispute whether with a neighbor, friend, family member, or a complete stranger can be complex, and it might get drawn out for a long time if the right legal representation is not hired.

Reputable real estate lawyers in Toronto keep abreast of any changes and details of the rights of property owners and tenants. These rights include but are not limited to, the right to contest nearby zoning bylaws, the right to access an easement, the right to establish adverse possession, and the right to have peaceful enjoyment of property.

... Things to Consider when Hiring a Property Dispute Lawyer in Toronto

Planning Your Estate: Avoid These Common Mistakes

Life can throw us many challenges including a life-threatening illness or a sudden death. We may not be able to prevent these catastrophes from occurring, but we can ensure our loved ones are taken care of, giving us the peace of mind to enjoy every day to its fullest.

With estate planning, you do not have to have great wealth and fortune or own large pieces of land. Planning your estate involves having your financial obligations, end-of-life care, and last wishes documented. It can help reduce the burden on your family while protecting your monetary worth from probate and taxes.

... Planning Your Estate: Avoid These Common Mistakes

John Zinati Talks Renewed Interest in Vendor Take-Back Mortgages Due to Rising Rates

As a reputable real estate and mortgage lawyer in Toronto, John Zinati has more than 25 years of experience in the housing market. In that time, he has seen various financing options that buyers and sellers have used to facilitate a successful sale.

In a recent Globe and Mail article, Zinati discussed the renewed interest in using vendor take-back mortgages to accommodate the rising interest rates by the Bank of Canada. This type of financing is used to benefit both the buyer and the seller if both parties agree to the terms and conditions.

The vendor take-back mortgage was seen widely in the late 1980s and in the first few years of the 1990s. It was offered as an incentive to buyers in a world of harsh financing terms by world lenders. Once interest rates began to drop, the vendor take-back mortgage option was quiet until rates rose again in 2018. It has also been seen in times where the housing market has slowed to the point where sellers want a quick sale.

... John Zinati Talks Renewed Interest in Vendor Take-Back Mortgages Due to Rising Rates

What Is an Agreement of Purchase and Sale in Real Estate?

Thinking or buying or selling a house? Before you dive in, you should consult a real estate lawyer in Scarborough to draft up a real estate agreement such as the Agreement of Purchase and Sale. Of all legal documents and contracts that come with the sale of a property, this agreement outlines the physical and financial aspects of the sale.

Both the buyer and the seller need to understand and acknowledge the details of the document as it is a legally binding contract. A real estate lawyer can help the party they are representing better understand what they are agreeing to.

... What Is an Agreement of Purchase and Sale in Real Estate?

What Is a Property Dispute?

Property dispute lawyers in Toronto specialize in a variety of real estate issues. Whether the property at hand is a vacant lot, a driveway, or a home structure, it is important to protect one’s investment.

A dispute can arise before, during, or after the sale of a property. Property disputes are usually amicably resolved but there are a number of times when a real estate property dispute lawyer may be required to assist.

... What Is a Property Dispute?

The Importance of Hiring a Lawyer for Mortgage Closing in Toronto

The mortgage closing process can be complex, which is why it may be in your best interest to hire a mortgage closing lawyer in Toronto. While your lender or mortgage broker should be able to offer you sound advice, a real estate lawyer can advise you on all the legalities involved in the closing process.

... The Importance of Hiring a Lawyer for Mortgage Closing in Toronto

Why Is It Important for a Home Buyer to Hire a Real Estate Lawyer?

Buying a home is a momentous occasion, especially for first-time homebuyers! Before you get caught up in the excitement, hire a home-buying lawyer in Scarborough to help you navigate through the legal documentation.

Through no fault of their own, many homebuyers have lost thousands of dollars due to discrepancies in the Agreement of Purchase and Sale or through fraudulent means. To prevent buyer’s remorse or legal actions, consider hiring a real estate lawyer with experience in protecting the buyer during real estate transactions.

... Why Is It Important for a Home Buyer to Hire a Real Estate Lawyer?

Why Is It Important to Conduct a Proper Title Search on a Property?

Hiring a title search lawyer in Toronto when you purchase a property can protect your biggest investment and may also prevent legalities. Aside from ensuring the seller has a legal claim to the property, a title search can provide a wealth of knowledge for the buyer before closing on the sale.

A title search may be ordered by a real estate agency, financial lending institutions, insurance companies, land surveyors, appraisers, municipalities, private investigators, and paralegals. Reviewing all documentation of a property provides the buyer peace of mind knowing that there will not be any issue from a third party.

... Why Is It Important to Conduct a Proper Title Search on a Property?

John Zinati Highlights Issues Related to the Current Real Estate Market Slowdown

As a leading real estate lawyer in Toronto, John Zinati has been closely watching the housing market. The latest numbers across the country show that home sales dropped 32% in September in comparison to last year.

Why the huge difference? Low mortgage rates, a drop in new construction, a surge in first-time homeowners, and a desire for relocation saw the housing market at an all-time high a couple of years ago. Today, there are several factors that have caused a sudden shift in all of these market influencers.

... John Zinati Highlights Issues Related to the Current Real Estate Market Slowdown

Why Hire Both a Real Estate Lawyer and a Real Estate Agent?

Buying or selling a home or property can be a complex transaction between two parties with legalities requiring proper documentation. In that case, should you hire a real estate agent or a real estate lawyer? Which one is better?

You actually need both. The roles of the real estate lawyer vs. a real estate agent are very different when it comes to their responsibilities. Buyers and sellers require someone familiar with the local properties as well as someone who can help protect their investment.

That’s why understanding the difference between a real estate lawyer and a real estate agent can help make your real estate transaction as seamless as possible.

... Why Hire Both a Real Estate Lawyer and a Real Estate Agent?

9 Key Factors to Consider When Choosing a Real Estate Lawyer in Scarborough

Whether you are buying or selling your home, it’s important to ensure you have a reputable real estate lawyer in Scarborough to assist you in the sale. Real estate transactions can be overwhelming and complex with legal documentation, checklists, communications, and most importantly, exchanges of monies. Ensuring the right person is in control of the legal responsibilities can help the buying or selling process be less stressful.

Before choosing a real estate lawyer to facilitate one of the largest investments you will make, consider the following tips.

... 9 Key Factors to Consider When Choosing a Real Estate Lawyer in Scarborough

What Are the Traits of the Best Real Estate Lawyers in Toronto?

Buying a home is considered one of the largest investments you can make in your lifetime. That’s why hiring the best real estate lawyer in Toronto is the first step in realizing your dreams of owning a house.

A real estate lawyer specializes in reviewing legal documentation pertaining to the buying and closing processes of property.

The Agreement of Purchase and Sale is a complex document that protects both the buyer and the seller. Having a real estate lawyer assist in drafting the legal documentation can save you potential heartache and thousands of dollars down the line.

Real estate lawyers also investigate if there are any unknown claims against the property.

Below, we have compiled a list of some of the must-have traits to look for when hiring the best real estate lawyer in Toronto.

... What Are the Traits of the Best Real Estate Lawyers in Toronto?

7 Points to Consider when Buying a Property in Toronto

If you are considering investing in real estate, talk to a home buying lawyer in Toronto first. Don’t let this exciting time become overwhelming. Instead, keep these tips in mind.

... 7 Points to Consider when Buying a Property in Toronto

What Role Does a Real Estate Lawyer Play During a Home Sale?

If the time has come to hire a real estate lawyer when selling your house, understanding the role your lawyer plays in the process can help make for a smoother transaction.

A real estate lawyer specializes in the buying and selling of a house or property. From the initial Purchase Agreement to the closing date, both the buyer and seller need to follow certain legal stipulations to ensure their financial and physical assets are protected. Here’s how a real estate lawyer can help you:

... What Role Does a Real Estate Lawyer Play During a Home Sale?

5 Important Things to Consider if Things Don’t Go According to the Real Estate Agreement

Buyers and sellers beware! With the complexity of the housing market, hiring the best real estate lawyer in Toronto may be in your best interest! Challenges can arise during a real estate transaction, and the only way to protect yourself and your investment is by having an iron-clad Agreement of Purchase and Sale.

... 5 Important Things to Consider if Things Don’t Go According to the Real Estate Agreement

7 Interesting Facts to Know about Property Titles

A title transfer refers to legal changes to the ownership of a property. This can entail the sale of a property or adding or removing the name and rights of interested parties. The property title protects the owner from potential land scams or issues at the time of a sale.

Changes to titles require proper identification documentation, banking confirmation, insurance, and other legal paperwork. The important things to know about title ownership are outlined in this article.

... 7 Interesting Facts to Know about Property Titles

5 Tips to Help You Sell Your House Faster in a Buyer’s Market in Toronto

Selling your house? There’s been a lot of changes in the Toronto housing market recently. Rising mortgage rates may be playing a part in turning the once hot seller’s market into a buyer’s market. This means the demand for houses has decreased and there are more sellers now than there are buyers.

What does this mean for you? Well, the basics for how to sell your home haven’t changed, just the prospects have. Even in a buyer’s market, you can still sell your home fast…you just need the right tools.

Read our tips below to help you prepare your house and your mindset before entering the buyer’s market.

... 5 Tips to Help You Sell Your House Faster in a Buyer’s Market in Toronto

Tips for Home Sellers in a Buyer’s Market

As most areas in Ontario are on a real estate rollercoaster, particularly the GTA, it is important to understand the process of selling a home in a buyer’s market.

A buyer’s market refers to when there are more homes for sale than there are interested parties to buy. With this situation of supply being greater than demand, the market can see prices drop in favour of the buyer.

Keep reading to see how being a seller in a buyer’s market doesn’t have to be as concerning as it may appear.

We also highly recommend that you contact a reputable real estate lawyer for mortgage refinance advice!

... Tips for Home Sellers in a Buyer’s Market