Buyer’s Right to Cancel
You already know a 10-day cooling off period applies automatically to new build condos in Ontario. That’s not the only option buyers have. Realtors and sellers can write a cooling off clause into any Ontario agreement of purchase and sale. New build homes and resale properties are not exempt — the buyer and seller can…Read More
First Time Home Buyers
Buying a first home is exciting. Axess Law’s real estate lawyers make it less stressful for you. Let’s get started with some tips for Ontario first time home buyers. You’ll need a realtor to make buying your first home a satisfying and successful experience. What Kind of Home Will You Buy? Not sure whether to…Read More
Home Inspection Deficiencies
A home inspection is a necessity for any home buyer, new build or resale. It’s not mandatory, but why take the risk? When home buyers ask if they should get a home inspection, be careful how you answer. You could expose yourself or brokerage to legal liabilities. A Seller Property Information Sheet (SPIS) is optional…Read More
Amending Agreements of Purchase and Sale
You could revise agreements of purchase and sale by inking in and initialling changes. Provided changes are few and simple, that’s perfectly legal. Here’s why using the OREA amendment to agreement of purchase and sale form 120 could be better. By the way, multiple amendments can be presented on a single form 120, but ongoing…Read More
Realtor’s Duty to Clients
No question buying or selling a home in Greater Toronto is expensive. Axess Law’s licensed real estate lawyers help you get more for your money by making real estate closings affordable. We could suggest using discount real estate brokerages, like 1% realtors or flat fee services like Purple Bricks or For Sale by Owner to…Read More