BUYING REAL ESTATE ? HOMEBUYER’S GUIDE
TYPICAL ROLE OF A BUYER IN A REAL ESTATE PURCHASE TRANSACTION A typical real estate transaction involves multiple parties which may include: the buyer and seller, the real estate agent, mortgage broker, representative of the bank / lender, insurance companies, as well as lawyers on both ends of the deal – one for the seller and another for the buyer. Once you have selected the lawyer to...Read More
0
Title Insurance
Although it has been around for over a decade, many clients still wonder what title insurance is and what exactly it covers. A title insurance policy may be purchased for new and existing home owners as well as lenders. Sometimes lenders require that a title insurance policy be obtained prior to releasing the mortgage funds. The “Title” of a property refers to your legal ownership...Read More
0
RENT TO OWN – WHAT IS IT ?
Sometimes, those who may have trouble qualifying for a mortgage may enter into this type of arrangement with a potential Seller. In a rent to own, the Seller is essentially financing the buyer / tenant’s purchase of the property until you can qualify for the same and buy it. Often this involves an “option to purchase” under which the buyer is not a buyer in a true sense but...Read More
0
Checklist for Sellers
Once you have decided to retain us to act on your behalf on the sale of your home, we will need you to do the following things immediately in order to ensure a smooth closing: ☐ 1. Fax or e-mail If you or your real estate representative has not already done so, we will need you to fax or email us a copy of the offer or the agreement of purchase and sale. Please also email us all of your...Read More
0
Probate and Estate Administration Tax
When acting as a prospective estate trustee in Ontario, it is often necessary to apply to the court for a certificate of appointment of estate trustee. Although it is commonly referred to as “probate”, the certificate of appointment is essentially a validation of a will or, in a scenario where no will exists, an authorization for the estate trustee to manage and distribute the estate of a...Read More
0
A Taste of the Estate Administration Process
What is the Estate? When a person passes away, all assets that the individual leaves behind may be referred to as that person’s “estate”. Generally, this could include bank accounts, investments, cash, jewelry, cars, business interests and the like. Sometimes the deceased owns a fractional interest in the asset (such as a part of a company) in which case, the fraction would also be considered...Read More
0
