Real Estate Lawyers in Newmarket, Ontario

Moving to or from Newmarket, make sure your next real estate transaction goes smoothly. Call us for convenient, affordable remote video conference services. Axess Law Newmarket is a virtual lawyer service.

Real Estate Lawyer in Newmarket

If you’ve never used remote real estate closing services before, you may not realize just how convenient they are. You can sign conditional offers to purchase, or arrange transfers of property title all from the comfort of your home or office. Axess Law’s cheap real estate lawyers in Newmarket join you by secure, confidential video conference to review legal documents, or witness your signature online. Before you know it, your real estate transaction is done.

Buying a Real Estate Property in Newmarket

Buy local investment properties by remote video conference. Axess Law’s real estate lawyers in Newmarket conclude real estate offers you make using confidential, secure video conferencing technology. We review your agreement of purchase and sale to suggest essential clauses that protect your buyer’s interests. Our professional real estate lawyers in Newmarket liaise with your realtor, lender, and the seller’s lawyer to conclude the deal any time that’s convenient for you.

Selling a Real Estate Property in Newmarket

Selling a home or investment property, but not sure if a buyer’s offer to purchase is legally binding? Axess Law cheap real estate lawyers in Newmarket review conditional offers or pending sales. We go online with you to discharge existing mortgages, or arrange your signature for new mortgage financing you take out. If you are selling and buying on the same day, we co-ordinate both transactions with the buyer’s lawyer and your lender.

Refinancing a Real Estate Property in Newmarket

Refinancing your home could keep interest rates at bay. When you decide on a plan of action to tame the high cost of home financing interest expenses, call Axess Law’s real estate lawyers in Newmarket. We connect with your bank or other lender to prepare documents they require to refinance your mortgage.

You sign by virtual video conference, and we email the documents back to confirm your acceptance of a refinancing offer.

About Newmarket

Newmarket’s biggest claim to fame could be comedians John Candy and Jim Carrey, both born here. The quaint historic Main Street, and brand name stores at Upper Canada Mall have earned the bedroom community a reputation as a shopping way-stop. Midway between Toronto and cottage country, Newmarket is on MoneySense Magazine’s list of best places to live in Canada. Fairy Lake Park, or Wesley Brooks Memorial Conservation Area, and 44 kilometres of walking trails are part of the reason why. So are the town’s low taxes, affordable homes, and business-friendly attitude.

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E-sign Legal Documents by Video

Axess Law video conferences with you anywhere in Ontario. Call to talk to cheap real estate lawyers in Newmarket 7 days a week, day or evening, at your convenience. Our online video calls and remote e-signing services take the work out of solving legal problems. Timely legal advice and low flat rate legal services — make your appointment by dialing 647-479-4118, toll free to 1-877-552-9377, or use  our easy online booking form. Debit, cash, VISA or Mastercard accepted.

Some FAQs

You may be surprised at how economical Axess Law real estate lawyers in Newmarket really are. We keep our flat rate legal fees low by providing only the real estate lawyer services you need. You pay $999.99 and up plus HST to buy a home, or $799.99 and up plus HST to sell a home in Ontario. Axess Law’s cheap real estate lawyers in Newmarket have no extra charges or hidden surprises. You pay the same low, flat fees regardless of whether you use our virtual real estate lawyers in Newmarket, or drop by Axess Law’s open law offices in Greater Toronto Area or Ottawa.

Axess Law’s real estate lawyers in Newmarket review your agreement of purchase and sale for essential clauses for buyers, like the right to a professional home inspection. Our attorneys check the offer to purchase for the seller’s right to cancel if a buyer is late with a good faith deposit, or to keep the deposit if the buyer walks away without mutual consent.

You can use our virtual real estate lawyers in Newmarket to amend contracts to change terms and conditions when needed. If a seller gets a better offer, or a buyer wants minor repairs made, we negotiate with the other party’s lawyer on your behalf.

Axess Law adds title insurance to homes and property to prevent mortgage fraud, and transfers the title from seller to buyer to conclude the sale. Our virtual real estate lawyers prepare a final statement of adjustments showing your fees and expenses, collect your keys, and ensure your real estate transaction is complete.

You can renovate or repair an investment property you buy, and if those improvements are major, temporarily move tenants out during that time. You can evict tenants permanently to demolish a building or, zoning permitting, convert it to other uses like commercial property, or if you or your family plan to move in.

Naturally, most property owners who incur renovation expenses want to recoup their expenses by raising the rent. That’s rarely possible, and evicting tenants for renos is a bit more complicated than merely handing them a N13 form.

Here’s why:

  • The improvements have to require the tenant to temporarily vacate.
  • A minimum 120 days written notice and the N13 are required.
  • Tenants can move out earlier by giving you 10 days written notice and N9 form.
  • You need a municipal building permit.
  • Your tenant can move back. They must give you written notice if that’s their intent.
  • You owe tenants three months’ rent or alternate accommodation if you renovate five or more units at a time.
  • You can only raise the rent if your former tenant declines to return, and you rent to someone new.

You mean take out a collateral mortgage, like those offered by TD Bank or ING Direct. Here’s how it works:

  • Most mortgages are linked to a home’s or land’s appraised fair market value. 
  • Your lender sends around an appraiser to calculate what a home is worth, based on its condition and location. That amount determines the size of your mortgage. Your down payment rests on the gap between the amount you offered for the home or land minus its fair market value.
  • Collateral mortgages are readvanceable mortgages. Increasing your mortgage is simple because the lender advances more money as your home’s value increases. You can add to your mortgage without incurring refinancing charges or legal fees. You can take out equity for renos or travel without having to apply for a home equity line of credit (HELOC), or finding a new lender. 

On the downside, your registered mortgage may appear larger than it really is. Holding a $500,000 collateral mortgage when you only owe $375,000 (the extra $125,000 being money you could borrow but haven’t) may make it more difficult for you to borrow other credit, like a credit card.

Not technically. Minors can possess property, as London teen Tyson George does. The 16-year-old has three rental properties purchased with savings from buying and selling recycled goods like furniture, iPads, and collectibles. As for who bought the properties, George made the down payments, paid lawyers’ fees and land transfer taxes, and funded the renovations. He even vettes the tenants. His parents own the mortgages used to finance the homes. That’s because, like all minors, George can’t legally own real estate until he turns 18.

Not obviously, although your contract may require that you compensate the real estate brokerage for expenses like professional photography, measuring the rooms and lot, or advertising. The brokerage may even give the rights to reuse the photos, if you list your home privately and the photographer consents.

That’s assuming the brokerage agrees to terminate the contract. You could be faced with a conditional termination, requiring you to agree not to relist your home until the original listing expires. You could even be liable for a dual commission if you break a legally binding contract without the brokerage’s consent, and your home subsequently sells.

Real estate lawyers in Ontario complete the legal documents required to finalize a purchase or sale of a home or land. Concluding a real estate purchase or sale is a legal transaction, separate from the assistance your realtor or MLS listing service gives you. Your home sale or purchase is not valid or legally binding until title to the property is transferred by a lawyer. Your Axess Law lawyer will calculate land transfer taxes, and adjust property taxes and utility costs so you pay only your fair share. Axess Law’s real estate lawyers in Newmarket check for financial claims or construction liens, and discharge mortgages, then hand you the keys.

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