Categories
Seller Property Information Statement – Do Not Sign
Sellers should not sign the Seller Property Information Statement ("SPIS") for many reasons. First, and foremost, it is not a required document to create a binding Agreement of Purchase and Sale. Next, it is overly complex, technically difficult to complete...
Closing A Real Estate Deal – Why Do I Need A Lawyer?
Negotiating and finalizing the terms of a real estate deal may be more complicated than you think - and often that's the easy part! Closing the transaction is a technical exercise that requires attention to detail, thoughtful data analysis and,...
The Importance of Dates in the Agreement of Purchase and Sale
When considering dates in an Agreement of Purchase and Sale you or your real estate agent should give attention to setting out a timeline that allows for a successful transaction on both sides. Sellers are often eager to sell quickly...
Private Lending: Considering The Commitment
In certain circumstances, private lending is a popular and appropriate financing solution. Generally speaking, interest rates charged for private loans tend to be higher, which is attractive to the lender. Conversely, increased flexibility tends to be associated with private products,...
The Importance of a Properly Drafted Agreement of Purchase and Sale
Spring in Ottawa is when the market heats up. Often, desirable properties will come onto the market and buyers will become so eager to purchase that property, that they do not protect themselves with proper conditions in the Agreement of...
Chattel in an Agreement of Purchase and Sale
When you are purchasing a residential real estate property, you may find that there are some items owned by the Seller which you would like to have included in the purchase price. These are known as chattel. It is important...
