Do I really NEED a Real Estate Lawyer?
Diane and Rick are first-time homebuyers, and are excited to finally be buying a home of their own. Their real estate agent referred them to a local real estate lawyer, but the couple wonders if they really need a lawyer to help with what feels like a simple transaction. Diane and Rick would really much rather spend money on new furniture, or upgrades to the house, rather than on legal bills. But do they have have a choice?
Why Do I Need Homeowners Insurance?
I have car insurance, life insurance, disability insurance, critical illness insurance and health insurance. You mean I need more? Homeowners insurance covers fire, theft, liability along with other potential losses.
Diane and Rick have purchased their first home and have been informed by their real estate lawyer that their next step is to connect with an insurance broker to get home insurance coverage.
Things a Buyer Should Know about Home Inspections
You've found your dream home and you're ready to put in an offer, but there are multiple offers and you have been advised that your clean offer will seem more attractive to the seller; clean meaning no conditions. A common condition buyers include in an offer is a home inspection, and rightfully so. In today's hot real estate market there is pressure to skip the home inspection.
Title Insurance - I Thought That's What the Real Estate Lawyer Did?
Diane and Rick's lawyer sent them a letter advising them that he was going to buy a Title Insurance policy to cover their new house. Diane decided to do her own research to find out if this was necessary or just another expense. This is what she found.
Diane learned that title is really just legal ownership, and one of her lawyer's main jobs was to make sure she and Rick got good title to their new house. One way lawyers in Ontario do this is through Title Insurance.
What is a Mortgage Broker and why do I need one in the Durham Region?
A Mortgage Broker is like a matchmaker but instead of finding a partner for you, they find you a mortgage. They have both the training and the experience to search the mortgage market for the best mortgage to suit your specific needs.
I've got a computer, why do I need a Durham Region Real Estate Agent?
Being the tech savvy person that you are, why would you hire someone to search the internet for a house for you? There are numerous reasons why having a real estate agent is one of the smartest things to do when buying a home.
"I Hate This Apartment" - Buying a Home in the Durham Region
Diane and Rick have been living in their first apartmet, located in the Durham Region, for the last three years. In the midst of the concrete, the underground parking, and the long waits for the elevator, there are memories. But the noise from the neighbouring apartments and the smells in the hallways from all the dinners cooking has made them think about moving and buying their first home in the Durham Region.