Real Estate Lawyers Ottawa, Ontario

You can ask a real estate seller’s agent or, if there is none, hire a professional surveyor. Surveys are fairly inexpensive, although you can expect to pay more if your lot is particularly large or has many buildings and property improvements on it. The Association of Land Surveyors of Ontario has lists of surveyors near you.

Not usually, unless that’s a term of the mortgage you signed. Remember, you have a limited window to port a mortgage from existing real estate to a new property. Depending on your lender, that could be anywhere from 30 to 120 days. So if your home is not moving and you need to close on a new real estate offer, porting your mortgage may not be an option.

New residential subdivisions often have rules about setbacks from property lines or whether boats or trailers can be stored on a property. They are intended to create uniformity and make the subdivision more desirable to buyers who share common interests. Covenants automatically expire after 40 years (not that anyone will necessarily remember it after all that time).

You can try. Buyers can write anything into a real estate agreement of purchase and sale. Realistically speaking, real estate sellers are reluctant to wait if homes aren’t selling quickly in your neighbourhood. Anything more than a 30-day closing date may be rejected, and if you get turned down for a second mortgage, you could lose your buyer’s deposit. Options if you must buy before you sell: getting short-term bridge financing from a private lender, putting either home up for rent, or finding a guarantor for your new mortgage. Ask your Axess Law real estate lawyer in Ottawa if you need more time to sell your home.