Buying or selling your property can be a complicated process and overwhelming for individuals or companies. This process can be especially stressful for the first time home buyers. Lawyers in these transactions make sure that all documents are properly filled, filed, and registered. Ross Chepil has been practicing Residential and Commercial Law since its start, with highly knowledgeable staff ready to help guide you through the process of buying or selling your property and making sure you stay informed at all stages. Countless clients return to our firm for their real estate needs, preferring the more personal approach.
Our Lawyers will assist you in the following:
- Residential and commercial purchase and sale transactions
- Assignment of Agreement of Purchase and Sale
- New condo and house purchase directly from the builder
- Power of Sale transactions
- Multi-Unit Properties
- Severance of Lots
- Title Transfer
- Deal with property upon death of the owner(s)
- Review of Agreements and Status Certificates
The first step – in the process is signing the Agreement of purchase and Sale (APS). We cannot stress enough how important it is that your lawyer has an opportunity to review the APS, whether it is a resale or brand new house from the builder, we will ensure that all appropriate clauses have been entertained to protect your interest and deposit.
Second step – after the APS has been signed, your next step should be contacting your mortgage specialist to arrange for financing. After your mortgage application has been approved – the lender will send “mortgage instructions” directly to your lawyer.
Third step – Our office will conduct all necessary searches, such as: a title and executions search, building and zoning, analyze all the results to ensure there are no outstanding liens or charges against the property and make certain any are paid on closing. Our office will obtain tax certificates, prepare mortgage documents, and alert the necessary municipalities of the changes in ownership.
Forth Step – Our lawyers will meet with you to review and sign all the documents, answer all and any questions or concerns you may have about the purchase along the way.
Closing Day – is the day when you become a registered owner and receive the keys to your new home. It is impossible to estimate the exact time of the completion of closing. While we attempt to make it as early in the day as possible – we tell our clients that from our experience, the registration and release of the keys happens in the afternoon, we will then accommodate with the pick-up times.
Finally, you will receive a final report from our office within 30 to 45 days after closing.
- Prepare the required mortgage and related documents
- Obtain a sub-search of the title
- Review payout balances outstanding on your existing mortgage or line of credit, and arrange for these to be paid upon receiving the refinance proceeds
- Meet with you to obtain signatures on closing documents
We deal with 5 major banks as well as with private lenders and other financial institutions including local credit unions.
CONTACT US TO SPEAK TO A LAWYER – 416-535-6211