Real Estate Purchase Agreement Legal Advice And Information

Need help with Real Estate Legal Fees in Ontario. Call us today at (647) 557-6373 and we’ll get you connected with our Realty Lawyer who can help.

Purchasing a home is probably the biggest and most pricey purchase most of us will ever be a part of. It can cause sleep deprived nights the first time we go through the experience. Most of these deals are handled with the help of a realty representative and a real estate lawyer. There are always legal fees involved, as a realty lawyer is required to draw up all the legal documents.

Your realty agent normally charges a commission of between 3 % and 8 %of the invest in cost if they close the sale. The commission percentage is base on whether the property is listed on MLS (Multiple Listing Service), or whether it is an exclusive listing with only your agent.

Buying or selling of any land should always be done in writing for it to be enforceable. A contract, called an Agreement of Purchase and Sale is typically drawn up from a standard contract recommended by the local Ontario realty board. The Arrangement of Purchase and Sale can go with numerous phases with offers and counter-offers being exchanged in between the seller and the buyer. Each change is initialed by the parties to acknowledge arrangement of the changes. After numerous rounds of negotiations. The contract may reach a point where it is becoming hard to comprehend, so a request for a re-draft of the contract would be wise. Having a re-drafted copy of the amended contract will ensure that there is no confusion or disputes at a later date. Your real estate lawyer will help to ensure that all these things are in order, so that there is no delay in your closing date.

Call us today at (647) 557-6373 to speak with our Real Estate Lawyer who can help with Real Estate Legal Fees in Ontario.

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