Legal

Purchasing a home involves a lot of paperwork, most of which are contractual documents that will legally bind both the Buyer and the Seller to numerous Terms and Conditions. Therefore it is essential for Buyers and Sellers to be represented by a Realtor who can write an Offer/Contract in a Professional knowlegable manner so that the interests of the parties are properly and legally represented. It is equally as important for Buyers and Sellers to each have a good Notary or Lawyer representing their interests in the "Completion" of the Contract. The "Completion" is the date on the Contract when the Seller, through their Lawyer or Notary, receives payment for the property and the Sellers Lawyer or Notary oversees the registration of the transfer of the Title of the property into the Buyer's name, along with the registration of any applicable Mortgages. This process is known as "Conveyancing" and is usually prepared by the respective Lawyer's or Notaries "Conveyancers".

Finding a Notary or Lawyer
If you don t have a Notary or Lawyer, you can look for a referral from friends, family or business acquaintances. You want a Notary or Lawyer in the practice of Real Estate Conveyance. I can help you with names and suggestions of reliable Professional Notaries or Lawyers.

The Notary or Lawyer's Function
You will need a Notary or Lawyer to process your purchase and ensure the terms are met:

1. the correct property is purchased
2. transfer Title to your name(s)
3. ensure Title is free and clear of prior owners encumbrances
4. your mortgage is registered properly on Title

The legal process varies from province to province within Canada. Specifically, you will need to consult with your chosen legal professional and he/she will explain the process and the steps that need to be completed before you get the keys to your new home.

Your lawyer will prepare a "Statement of Adjustments" outlining all the financial aspects of your sale.

Legal Fees and Disbursements
The difference between legal fees and disbursements in analogous to the parts and labour you pay when fixing your car. Your RE/MAX Sales Associate can help you locate a reliable professional, whom you feel comfortable working with.

“Knowledge, Experience & Attention To Detail

Aren’t Just Important – They’re Priceless!”

Ken Ambrose