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Important Things You Should Know When Buying a Home

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    Important Things You Should Know When Buying a Home

    Buying a home can be complex. Here are some important things you should know.

    Buying a home can be complex. A good real estate lawyer  should walk you through the process and explain important items to you such as obtaining a survey and title insurance for your property. If you are purchasing a property and would like assistance in respect of the above, or have other questions you want answered, feel free to contact us.

    Buying a home

    1. Offers & Counteroffers – Be weary of offers and counteroffers. Each offer and counteroffer creates a new agreement under law.
    2. Deposits – The deposit assures the seller that the purchaser intends to complete the deal if the offer is accepted.
    3. Inspections – If you are buying a new house, an inspection is not required. However, it is extremely advisable!
    4. Surveys – If you plan on carrying out substantial renovations involving the movement of buildings on the property or installing a new fence or hedge line, you will want to obtain a survey.
    5. Title Insurance – Title insurance protects the buyer’s ownership interest against losses incurred as a result of undetected or unknown defects that affect the buyer’s registered into

    -Shira Kalfa, BA, JD, Partner and Founder

    Shira Kalfa is the founding partner of Kalfa Law. Shira’s practice is focused in corporate-commercial and tax law including corporate reorganizations, corporate restructuring, mergers and acquisitions, commercial financing, secured lending and transactional law. Shira graduated from York University achieving the highest academic accolade of Summa Cum Laude in 2012. She graduated from Western Law in 2015, with a specialization in business law. Shira is licensed to practice by the Law Society of Ontario. She is also a member of the Ontario Bar Association, the Canadian Tax FoundationWomen’s Law Association of Ontario, and the Toronto Jewish Law Society. 

    © Kalfa Law 2018

    The above provides information of a general nature only. This does not constitute legal advice. All transactions or circumstances vary, and specified legal advice is required to meet your particular needs. If you have a legal question you should consult with a lawyer.

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