real estate attorney

Why You Need to Hire a Real Estate Attorney in Ontario

Even if you can purchase a property without hiring a real estate attorney, it is a wise decision to hire one. These experts are familiar with the real estate law and potential pitfalls. He or she will help you in carrying out a successful transaction as you make this crucial investment. Sometimes you might find some terms which are not clear or find difficulties when navigating the prices. These people can benefit from the services of real estate professionals. The following are the key benefits associated with the services of a real estate lawyer:

Addressing Complex Contracts

contract

Negotiations and contracts involved when buying properties from entities like corporations, trusts and partnerships are very complex. Real estate attorneys have the expertise needed when carrying out these transactions. Hiring such a professional will ensure that the contract made is legally valid. The attorney will ensure that the charter agreements are respected when doing business with any entity.

Addressing Liens and Title Search

The title search is the document that tells the financial institution and the buyer if the seller has the right of selling his or her property to you. You should make sure that the property being sold does not have encumbrances such as liens or judgements that might prevent or hinder the transaction. If such issues are discovered, the real estate attorney will provide you with suggestions that can satisfy these claims. Buyers should get proof that these claims have been satisfied.

Professional Contract Review

law

Some of these contracts are packed with complex legal terms/jargons. Some eager sellers can pressure buyers to sign agreements without reading or understanding the contents. The real estate attorney hired will help you in knowing the different terms in your purchase contract. He will also let you know if there is any content which is potentially detrimental.

Ensure That the Closing Process Is Properly Done

Many crucial steps occur when closing the purchase of a property. These include:

  • Passing the property title to the buyer after purchasing the property
  • Preparing the closing documents like the deed
  • Paying the remainig balance of the buyer’s purchase price
  • Making the closing statement- This is the statement that itemizes the transactions between buyers and the sellers.

This professional will provide you with the valuable assistance needed if there are disputes or last-minute questions over certain costs. He or she will make sure that your rights are not jeopardized in case there is something which goes wrong during the buying process.…

condo

Factors to Consider When Selling a Condo Unit in Ontario

If you are planning to put your condominium on the market, then you should be well prepared. Preparing your unit will make it more attractive to the buyers. Most buyers will be looking for the available amenities, location, and the neighbourhood before making their purchase decisions. Placing yourself in the buyer’s shoes is the best way of knowing what they are looking for.

condo units

First, the seller should determine if his/her condo is fit for accommodating a small family or whether it is perfect for single people. He/she should then ask the buyers what they want in a new or old condo. In addition to this, the seller should do a research to find out the special features of other condo units. Remember that the requirements for purchasing a condo unit vary from one buyer to another. The following the important things that you need to keep in mind when selling your condo unit:

Storage and Closet Space

Storage and closet places are essential to many buyers. You should make sure that the closets are organized and clean before listing your units for sale. If your condo units have access to rent or buy extra storage, then you should mention that to realtors.

Design of The Unit’s Window

Are the windows double-paned? This is an issue that you need to be point out when selling your condo units. Double paned windows are helpful in reducing the external noise, thereby ensuring that your house is calm.

Security

security camera

Every one prefers living in a building that is secure. This is one of the critical requirements that every buyer will look for before investing his money. You should be capable of convincing your buyers that your units are safe. Explain to them what the condo building can do to make sure that the units are secure. Installing security cameras in the garage and having a 24-hour doorman are some of the important things that you need to mention.

Upgrades to Condo

Upgrades are helpful in making a property more desirable to potential buyers. You should include useful upgrades in your units. Avoid adding upgrades for aesthetic purpose as this might not add value to your condo units.

Some of the useful additions that can add value to your unit include blackout shades and automatic lighting. Blackout shades are helpful in blocking out the excessive sun or bright lights. Automatic lights are convenient as they can be controlled easily by buyers from their mobile devices.…