The Agreement of Purchase and Sale is a binding contract. It is also a long, wordy and technical document. This document will often contain a variety of conditions and waivers. Often times the Agreement of Purchase and Sale may not cover potential details that could make or break your purchase or sale. If you do not entirely understand your Agreement, your real estate lawyer will assist you in making suggestions and ensuring that your best interests are represented.
When you are purchasing or selling a house, you must ensure that you are giving or receiving good and marketable title. Real estate lawyers are experts in conducting research related to such transactions. Your real estate agent will search the liens, previous transfers and any other instruments that are attached to title. You real estate lawyer may also need to assess any environmental concerns, encroachment issues and review surveys and public records if applicable.
Finally, in order to close the deal, your real estate lawyer will ensure that all of the necessary documents relating to the closing of the deal are executed and provide to the right person. They will also ensure that all of your legal and financial obligations have been met, such as obtaining funds from your lender and securing them until the deal closes. Lastly, your real estate lawyer will finalize the transfer of the deed and registration of mortgage if applicable.
If you are purchasing or selling a home, contact our Elizabeth Street office by phone at 705-526-3791 for a quote or speak directly to one of our lawyers.
