A real estate lawyer protects their client’s rights as laid out in the Agreement of Purchase and Sale. Your lawyer will ensure that all parties in the transaction have fulfilled their duties as outlined in the contract. They ensure the property taxes are up to date, ensure there aren’t any liens on the property, handle the funds to the appropriate parties, and land transfer tax… just to name a few things!
Month: September 2023
What happens when… the buyer doesn’t produce their deposit.
The Agreement of Purchase and Sale has been signed and the deal is firm. Congratulations to you, the agent, and your buyer. It feels like time to celebrate, but then…
The date scheduled for the buyer to pay their deposit passes without the funds anywhere to be seen. Besides an angry seller who is likely riddled with emotions, what happens next?