Category: Selling Property

Types of Real Estate Transactions in Toronto: A Resource for Buyers, Sellers, and Investors

Financial transactions between two parties can be complex, especially in the real estate world. Since buying or selling a property involves legally binding contracts, it’s always best to have a professional who will advocate for your best interests. This is why it’s crucial to work with a real estate lawyer when engaging in any type of real estate transaction.

... Types of Real Estate Transactions in Toronto: A Resource for Buyers, Sellers, and Investors

How to Sell Your Condo for Top Dollar

Are you ready to sell your condo and move on to the next chapter in your life? It's an exciting but daunting prospect, especially in today's competitive housing market. Luckily, with a few smart steps you can make sure that your condo sells quickly and for top dollar. In this article, we'll walk through how to do just that! From preparing for sale, setting the right price, listing your property strategically and more…here is everything you need to know about selling a condo.

... How to Sell Your Condo for Top Dollar

Understanding Real Estate Trends: How to Identify a Buyer’s or Seller’s Market

Closing costs, escrow, purchase agreement, and listing agent—there are a lot of real estate terms to understand when it comes to buying or selling a home. While all these terms are important to know, understanding what determines a buyer’s market vs. seller’s market, however, is probably one of the best ways to ensure you are making the best decision in the current housing market.

... Understanding Real Estate Trends: How to Identify a Buyer’s or Seller’s Market

Buyer’s Market vs. Seller’s Market: How It Affects You When Buying/Selling a Home in Toronto

Whether you are searching for your dream home or planning to sell your own home, it is important to understand the conditions of a buyer’s market vs. a seller’s market.

The housing market is an interesting world once you have an understanding of the terms and conditions that are associated with buying and selling properties. Knowing when to sell or buy is only half the battle in the competitive world of real estate.

... Buyer’s Market vs. Seller’s Market: How It Affects You When Buying/Selling a Home in Toronto

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?

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?

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?

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

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

4 Common Problems That Could Occur During a Real Estate Transaction

With all the excitement of purchasing a home, it’s easy to overlook some of the important details within the transaction. That’s why a residential real estate lawyer in Toronto should be consulted when drafting the Agreement of Purchase and Sale. As it becomes a legally binding document once both parties have signed, it is crucial to ensure the details are clear and concise.

In addition, a real estate lawyer in Toronto can help you decipher the legal implications of when a real estate transaction goes wrong.

Below, we will now look at four common problems to be aware of with a real estate transaction.

... 4 Common Problems That Could Occur During a Real Estate Transaction

Why Do You Need a Real Estate Lawyer to Review the Purchase Agreement?

Protecting your legal rights when purchasing a home begins with an Agreement of Purchase and Sale. 

The Agreement of Purchase and Sale is a written legal document between the buyer and the seller of a property. It is established to protect the rights of both parties. It contains details such as the offer and closing dates, legal names of both parties, offer price and deposit amount, chattels and fixtures, and other conditions relating to the sale of the property. 

... Why Do You Need a Real Estate Lawyer to Review the Purchase Agreement?

How Can a Real Estate Lawyer Help Protect Your Investment?

The real estate market can be tricky to negotiate, even for the most veteran property seekers. A real estate lawyer in Toronto should be your first call, particularly when it comes to prepayment for a pre-constructed home.

Recently, John Zinati was featured in a CBC News article focused on two failed townhouse projects that are predicted to cost the homebuyers close to $150K in unprotected deposits. In the article, John warns potential homebuyers to protect their investment by following a few key guidelines. Below, we go over some of his tips.

... How Can a Real Estate Lawyer Help Protect Your Investment?

New Home Contract – 2022

Hi, 

I hope you are well. 

As of May 17, 2022,all Assignments will be subject to HST and extra care is required when drafting Assignment Agreements.I am pleased to enclose our latest issue of Title Tips which goes over what you need to know about this. I hope you find this helpful. If so, I would ask that you forward this to other Agents and Brokers or anyone who you think may find it of interest. Thank you!

... New Home Contract – 2022

Types of Real Estate Fraud in Toronto and How to Prevent Them

Real estate fraud in Canada is on the rise, particularly with mortgage payments being deferred in recent years due to the economy. Real estate lawyers in Toronto have been helping Canadians deal with the surge of fraudsters now more than ever. 

... Types of Real Estate Fraud in Toronto and How to Prevent Them

Actions to Take between Offer Acceptance and House Closing

Buying a new home is definitely an exciting venture. It’s a new chapter in your life that’s worth celebrating. Whether you’re moving to be closer to family and friends or to start a new job, the process of buying a home can be arduous and involves numerous logistical and clerical steps that need to be followed to make it official. If you’re moving out on your own for the first time or simply lack real estate experience, then you need to hire a house closing lawyer in Toronto who can help you navigate the ins and outs of the process. 

... Actions to Take between Offer Acceptance and House Closing

When Is the Best Time to Sell Your Property in 2022?

Believe it or not, there is actually an ideal time of year to enter into the real estate market. Although things seem to be in a constant state of flux given the current housing market, there is an end in sight. Prospective home buyers and sellers will be able to breathe a sigh of relief hopefully in the coming months. If you’re wondering when the right time is to sell your home, then hang tight. In this article, you’ll find expert advice from an experienced real estate lawyer in Toronto. 

... When Is the Best Time to Sell Your Property in 2022?

5 Critical Challenges to the Ontario Real Estate Landscape in 2022

Throughout the pandemic—particularly during the past year—the Ontario housing market experienced a massive economic boom that tipped the scale in favour of sellers. This left a lot of buyers and renters in the dark. Financial experts and residential real estate lawyers in Toronto predict that the housing market will eventually balance itself out and the housing bubble will pop. But the situation will continue to get worse before it gets better. Here are some of the top challenges that even the best real estate lawyers in Toronto are currently facing along with possible solutions. 

... 5 Critical Challenges to the Ontario Real Estate Landscape in 2022

When Do You Need to Hire a Real Estate Lawyer?

Buying or selling real estate, whether it’s commercial or residential, is an important life-altering decision—one where you need expert advice to help guide you in the right direction.

It’s the reason many people choose to hire an experienced real estate agent to help them find what they’re looking for within their budget. It’s also the reason that many people hire a good real estate lawyer in Toronto to guarantee that you’re getting the absolute best deal possible on their property purchase or sale.

Given then current state of the housing market in Toronto and the GTA, hiring a qualified real estate closing lawyer in Toronto is the smart move before making such a big investment.

Here are few circumstances in which a real estate lawyer in downtown Toronto and the GTA is extremely useful.

... When Do You Need to Hire a Real Estate Lawyer?