Top 1% Re/Max in Canada  |  #1 Realtor in Office Since 2008

Avoid Legal Mistakes

Why Buy A HomeA residential property real estate transaction can seem to encompass thousands of details, and it is imperative that you educate yourself as much as possible to the aspects of these convoluted procedures. The issues pertaining to real estate law are specifically intricate and can range from fairly common sense topics all the way to minute details that if handled improperly could explode into enormous problems.

Since the process is so complex, there is no expectation that you will be able to navigate these choppy legal waters without  proper, experienced and reputable legal counsel. However, even the best lawyers are still human, and even with the best intentions, legal mistakes can occur. Although stricter regulation of the profession has considerably lowered the instances of legal mistakes crippling a real estate transaction, the point is that mistakes still do happen, and when they do they can be very difficult to deal with.

Why Buy A HomeMistakes Can Be Minor Or Devastating

Legal mistakes can be relatively minor, such as the improper wording of a phrase, orbe major such as negligence to protect you from fraud, embezzlement or other forms of damaging behaviour on the part of the buyer.

One of the primary causes of legal errors can be the home inspection clause and the survey clause. If the wording of these clauses is not specified very clearly, a buyer who has changed their mind can back out of an otherwise satisfactory offer. In the case of the home inspection clause, the findings of the inspection which may indicate only a minor flaw that can be remedied with a few hundred dollars can be cause for walking away; and in the case of the survey clause the buyer can demand that the seller spend a thousand dollars or more on completing a totally new survey of the property.

Educate Yourself & Research Your Lawyer

The best way to protect yourself against legal mistakes is to be educated as to what it is the lawyer is actually doing, and to carefully read and understand every word of every document prior to placing your signature on it. Some sellers have found that lawyers practicing with larger, more established, reputable law firms tend to commit fewer mistakes and the ones that do occur are more easily remedied as the lawyer has a greater level of resources to call upon to assist.

There is no substitute to the proper vetting and reference checking of any lawyer prior to establishing a business relationship. If your lawyer has arrived with sterling references vouching to their impeccable legal skills, you can rest assured that your chances of suffering through legal mistakes may not have entirely disappeared, but are considerably diminished.

Header Image Request More Information

Please Fill Out the Form to Get Extra Information.
First Name: *
Last Name: *
Email: *
Phone: *
Subscribed Member Giving Consent to Receive Email or Message Correspondence.
*Required Field
   Please enter Security Code into the box below.
This email has been delivered through Best For Agents email servers.
Submitted date:    
Visitor IP Address:   
Posted from page:  
Form Name:  
Paul Sanghera
Sales Representative

Cell: 416-877-3047
Office: 905-272-5000
Fax: 905-272-5088

  Email Us

Remax Real Estate Centre Inc., Brokerage
Independently owned and operated.
100 City Centre Dr. 1-702 Square One Shopping Centre Mississauga, ON L5B 2C9, Canada

Get access to latest Market Report for Toronto and GTA area
Find out more >
The Equity in your home is like any other investment - it needs to be monitored. Homeowners should have their Equity evaluated once a year. Now might be the perfect time.
Find out more >
If the time has come for You to "Find Your Dream Home", then I would love to help. New properties are listed every day. By filling out the form, I can have new Listings emailed to You as soon as they become available.
Find out more >
Find the perfect property in Toronto and GTA area with Intractive Google Map Search
Start Search >