The Importance of a Proper Title Search
When purchasing a new property, a thorough title search by your real estate lawyer is crucial to uncover any issues like restrictive covenants, liens, or easements that could affect your ownership; learn how a proper title search can protect your investment.
Real Estate Law Firms Are Boutique Like Joe Fresh Is Boutique
Specializing in too many practice areas can make a firm less attractive to clients seeking specific services, but my experience dealing with a “boutique” real estate law firm revealed the pitfalls of such firms, which often prioritize volume over quality, leading to sub-par client service and oversight; learn why comprehensive expertise and dedicated attention matter.
What Happens to Your Deposit if the Deal Doesn’t Close?
When a property deal falls through, the deposit (5%-10%) is usually held in the real estate agent’s trust account. Ontario law often lets sellers keep the deposit if the buyer defaults. The deposit can only be released by mutual agreement or court order. To avoid losing your deposit, ensure thorough inspections, secure financing, and consult a lawyer.
Toronto Real Estate Is Booming
Toronto’s real estate market defies expectations with GTA home prices rising 7.5% to $550,700 in July, while 416 area single detached homes drop to $880,433; discover what these trends mean for buyers and investors amidst ongoing housing bubble discussions.