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The Residential Real Estate Law team at Prouse, Dash & Crouch LLP is a leader when it comes to assisting people with their real estate transactions. Our team can assist you in such matters as purchasing, selling, or transferring title of a home.
Once you have found the house of your dreams or are ready to sell, you will enter into an Agreement of Purchase and Sale. This Agreement is a contract and once you sign it, you will have to live with it, including unfavourable terms. Therefore, it is a good idea to have your lawyer review the Agreement before you sign. The Agreement should include a list of chattels you are buying or selling (e.g., appliances, blinds), an escape clause from a purchase in the event your current home does not sell, and if buying a home, conditions that the purchase is dependent on a satisfactory home inspection and obtaining any necessary financing.
Although you are buying the physical land and house, neither is worth much if you do not have good title to them. Good title means that the house or property you have purchased is really yours and that no one else has a claim to it that you do not know about. Good title also means that your property is correctly described in all official documents and that those documents are properly registered. In order to sell your home in the future, you must have good title.
Buying or selling a home involves a series of legal steps, some of which you may not have considered. From your initial dealings with the real estate agent through to your involvement with the movers, you should be aware of the various legal implications. The lawyers and staff of our Real Estate team possess many years of real estate experience and will add significant value to your transaction.
The foregoing is a brief summary for information purposes only, and may only be applicable in the Province of Ontario. It is not intended to be legal advice. Full and complete legal advice can only be given by a lawyer who has detailed information about your individual circumstances, and is retained for such purpose.