Are you thinking of selling your property? There are several considerations for the homeowner to facilitate the transaction and mitigate or even reduce the legal fees otherwise payable in a sale of the home. The homeowner should ensure:
• he has a current Real Property Report (meaning survey certificate and compliance certificate);
• all outdoor improvements have been added by way of a building permit and are shown on the current Real Property Report;
• any encumbrances or liens on the property are paid and in good standing;
• in the case of a condominium, the condominium fees are paid up to date and no outstanding assessments;
• property taxes are paid; and
• current information on any other claim on the property.
The strategy of the homeowner should be to pick the right real estate agent and arm the agent with the proper information to avoid/reduce complications to be sorted out by a lawyer usually at an added cost. More information is available through your Re/Max Real Estate Agent and/or lawyer.
For legal advice in preparing your home for sale contact Stephen Gawlinski from Cleall Barristers & Solicitors