Category Archives: Selling Property

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.

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7 Real Estate Selling Myths Busted

Whether you’re a buyer or a seller, entering into a highly competitive real estate market can be challenging and daunting. The less experience you have with residential real estate, the more likely you are to believe some incredibly common, yet unsubstantiated pieces of misinformation about how the whole process works and what to expect.

Selling your home is a big deal! That’s why it’s important that you do your research and work with a reputable real estate lawyer in Toronto to ensure that you’re getting the full value that you deserve.

To help you get started on the research front, we’ve debunked seven of the most common myths regarding real estate in Toronto, the GTA, and beyond.

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An Interview with John Zinati on the Future of Home Buying

In March, our very own John Zinati, an expert real estate lawyer in Toronto, sat down with the CEO of Veritas Investment Research, Anthony Scilipoti, to discuss the current real estate market. As a real estate closing lawyer in Toronto with decades of experience, John is uniquely positioned to educate us on what the market is telling us right now.

The interview was part of the Veritas Fact-Finding series. Designed in the wake of the COVID-19 pandemic as a way to find the truth about investment opportunities and pitfalls, this series speaks with industry professionals on the ground to better understand how the pandemic will affect our life and our investments.

Here are some of the key points John and Anthony discussed.

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The Ultimate Checklist for Homebuyers before a House Closing in Toronto

When buying a home, it really pays to do your due diligence. Hundreds of thousands—if not millions—of dollars are on the line; it’s simply not worth rushing the process. As any top real estate closing lawyer in Toronto will tell you, there are several common oversights that buyers need to be mindful of when closing.

Whether this is your first home purchase or one of many, it always pays to make sure that the house and its major assets and installations (like appliances and piping) are in good-working order, so when you move in, you won’t be stuck with a huge surprise bill following your down payment. The time to check the condition of the houses before your lawyer turns over the money to the seller as this is the best time to try and get any matters addressed if you are able to under the terms of the agreement of purchase and sale.

As such, we’ve developed a comprehensive checklist to ensure that you’re fully ready to close on the house of your dreams.

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Tips for Buying and Selling a Home during COVID-19

It goes without saying that 2020 was a year unlike any we had collectively experienced before. From little things like keeping hand sanitizer in your bag to big things like buying and selling a home in a safe and responsible way, COVID-19 has certainly made us adapt to a new way of life.

With that said, we’ll explore some things to keep in mind whether you’re buying a home during COVID-19 or selling a home during COVID-19.

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3 Tips for Choosing the Right Closing Date

You’ve done the hard part: you’ve found a home you love and have made an offer. Congratulations! But the next step that people often overlook is extremely important: choosing the right closing date. As any good real estate lawyer that deals with house closings in Toronto will tell you, this date shouldn’t be selected at random.

While the seller may stipulate a closing date in the contract, let’s take a look at some helpful tips that will guide you in choosing the right closing date when the option is available.

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What Are the Characteristics of a Good Real Estate Lawyer?

Thanks to the Internet, it’s easier than ever to find a real estate lawyer in Toronto. Unfortunately, quantity does not translate into quality. That can make finding a good real estate lawyer in Toronto very difficult. Which can be disconcerting for those looking to close on the biggest financial transaction of their life.

Many homebuyers looking for a real estate lawyer focus exclusively on price. And while the cost of a real estate lawyer is definitely something to take into consideration, it shouldn’t be the only thing you focus on.

Below are some of the top qualities and traits that the most successful real estate lawyers in Toronto share.

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Important Questions to Ask Before Closing on a Home

Searching for your dream home is exciting; finding the right neighbourhood, imagining where your furniture would go, having friends over, deciding if you’ll plant a garden. Actually, closing on the sale of the home, though—that can be stressful. This is the final decision in the home buying process, when money changes hands, you get the keys to your property, and take on all that extra responsibility.

Most of us don’t go through the home buying process very often, so it’s tough to rely on any past experience. That’s why it’s important to ask a lot of questions and understand what you’re signing and taking on. In fact, it’s essential. After all, you can never be too well-informed.

Here are some important questions your should ask before closing in Toronto.

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How Lawyers Are Closing on Real Estate during the Coronavirus Pandemic

While it was thought that selling houses during the COVID-19 pandemic would have been a big challenge, and it was at the beginning, statistics have shown that the market is actually busier than it has ever been in certain circumstances. This is because demand for real estate is strong, interest rates are low, and many people have managed to keep their jobs during the pandemic. As such many transactions are being closed regularly and we are happy to advise that our procedures and systems, such as many of those across the industry, have been changed to allow the market to continue in its strength.

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