Why You Need a Lawyer When You are Buying or Selling your Home?

Over the past year the real estate market has had its ups and downs, but homes in the GTA are still selling quickly. With our community aging there has been a turn over of residents in Don Mills. Original home owners are now selling to younger families and the 1950’s bungalows are being redeveloped into two storey modern homes. Although the neighbourhood’s look and feel is changing, Don Mills is still an incredible place to live. Buying or selling a home will probably be the largest and most significant transaction you will make in your life. It can be overwhelming and very stressful. Even if a lawyer is not needed during the course of negotiations, the buyer or seller may want to consult with a lawyer to answer important questions, such as brokerage agreements, income tax consequences of a sale, financing, title search, the effects of multiple listings, ensuring that all documents are properly signed, and finally that the property is properly transferred.

A law team can help guide clients from the initial agreement right through to closing. When buying or selling a home, there are a lot of moving parts and a real estate lawyer is trained to deal with all problems.

So if you’re looking for peace of mind when selling or when buying in Don Mills, contact your local real estate law firm.

by Jeffrey Muller, B.Sc., MA, LL.B.