Title Insurance and it’s use in Real Estate
So you are finally set to close on a real estate property and move in to your new home. You have hired a real estate agent to help you find the property within your price range, in the neighbourhood of your choice and the offer has been accepted. You have decided on the lawyer you wish to work with and are eager to know how much all of this is...Read More
Condominium Law: Buying real estate in Kitchener-Waterloo and surrounding regions
It is interesting to see how many people tend to gravitate towards purchasing a condominium as opposed to a semi-detached or detached home. Whether you have just started shopping for real estate or have already signed an Agreement of Purchase and Sale, one thing is for sure: as a potential buyer, it is a...Read More
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
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
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
Please note all information shared herein is general information and not legal advice for which a lawyer must be retained. For more information about buying, selling or refinancing real estate in Kitchener-Waterloo or beyond, give us a call.
Although buying a real estate property, in Kitchener, Waterloo or Cambridge regions or beyond involves multiple steps, selling your real estate also...Read More