Home Buying Information
"Working with a Lawyer when you Buy a Home"
This full-colour booklet:
is an educational tool for when you are commencing a real estate transaction
explains in "lay person" terms, all the legal aspects of the purchase of a residential property and the role of the lawyer to protect a client's home
outlines the options available (solicitor's opinion on title, title insurance, or TitlePLUS title insurance)
Please contact us if you would like a copy of this Brochure in French.
Players in a Typical Residential Real Estate Transaction
Purchaser
Vendor
Real Estate Agent(s)
Mortgage Lender (e.g. Bank, Trust Company, Credit Union)
Lawyer for Purchaser
Lawyer for Vendor
Steps in a Typical Residential Real Estate Transaction
Agreement of Purchase and Sale signed and mortgage arranged
Purchaser and vendor each hire lawyer
Purchaser's lawyer makes searches
Purchaser's lawyer sends "Requisitions on Title" to vendor's lawyer
Documents prepared for closing and signed by vendor and purchaser
Deal closes at Land Registry Office, by e-reg or in person and purchaser moves in
Each lawyer prepares Reporting Letter
From the Purchaser's Perspective
How TitlePLUS title insurance could have helped
Glossary of Terms
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AW
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