Resale homes can be a great value. They can also present legal challenges.
- The fence you admire could be just over your neighbour’s property line.
- The new, homeowner-installed chandelier could be a fire hazard.
- Termites, asbestos, radon or lead-based paint can add thousands to your costs.
- The backyard paving stones may be hiding an oil spill.
- Then there’s the aging septic system.
- Planning to subdivide? Have you checked your zoning?
- And be ready to take down the kitchen addition if it was built without a permit.
Protecting Your Investment
No need to give up on buying a resale property. Your Axess Law real estate lawyer will protect your interests in what could be the largest financial transaction of your life.
Your real estate lawyer can ensure your offer to purchase takes potential problems into account before and after you buy. Realtors help you find a property and communicate with the seller. Your real estate lawyer ensures your agreement of purchase and sale is valid. We explain what your offer means and how to make changes or additions. Our legal advice may prevent unexpected costs or, if the deal falls through, protect your down payment.
How your Real Estate Lawyer can Help
Your lawyer will check for property disclosure statements and advise you on all of the “subject tos” in your offer. Say you require a mortgage: how your offer is worded matters if you can’t get financing in time. Ever bought something you regretted? Real estate deals are like that. Backing out can be tricky. Without a lawyer, you may get more than you bargained for.
Our real estate lawyers can:
- Review your agreement of purchase and sale
- Review property title for you and your lender
- Explain any uncommon items found on title to the property, such as easements or restrictions on the use of the property
- Confirm zoning bylaws for any intended additions or improvements
- Finalize mortgage and payment arrangements
- and much, much more.
We explain all of the steps in buying a resale home and finalize the paperwork for you, taking the stress out of a very important transaction.