Agent Blogs

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Nov 8
2010

What Your Lawyer Does on a Real Estate Purchase

Blog posted by Joanne McPhail  ::  Views (24927)  ::  (3 comments)
So what does the lawyer do anyway?  Well, here's a brief list of a few things your lawyer's office is working on behind the scenes, to make your deal close smoothly!  First, we sometimes get contacted by your agent to assist in drafting the Offer, if there... [ more ]
Jul 1
2010

Can I ask a Realtor what the previous home sales were and the amounts they sold for, before I consider an offer?

Expert Question posted by Joanne McPhail  ::  Views (9954)
Hmmm...this is more of a question for a realtor than a lawyer I think...I am fairly sure they can access the last transaction so I believe they can tell you what the Vendors purchased the home for.  I am not sure if they can go back further than that.  If... [ more ]
Jun 21
2010

what would be the separate schools (both elementary level & high school) for this property on 49 Ridgeway Ave ? thanks

Expert Question posted by Joanne McPhail  ::  Views (9931)
Sorry, I do not know the answer to this, however, I believe the school boards have a web site which allows you to do a search by address, to determine what school area you are in.  Try googling the Simcoe County Catholic School Board to find the site! ... [ more ]
Jun 8
2010

What is included in an Inspection?

Expert Question posted by Peter Frueh  ::  Views (7565)
Mike: A home inspection is a visual examination of the structure and function of the home and major appliances. The time taken depends on the size of the home. We encourage you to attend, and we show you any problems or issues and discuss maintenance items. If you... [ more ]
May 11
2010

Why is HST added to a condo status certificate when the Act says that the fee includes all applicable taxes?

Expert Question posted by Joanne McPhail  ::  Views (9664)
Actually, you are correct, in that Ont. Reg 48/01 does stipulate in section 18(2) that a status certificate cost shall not exceed $100.00, inclusive of all applicable taxes.  However, in my experience, most condo corps have been charging $100 plus GST. ... [ more ]
Mar 29
2010

HST and Resale Real Estate

Blog posted by Joanne McPhail  ::  Views (19380)  ::  (4 comments)
Many potential home buyers and sellers have been worried about the implications of the HST which kicks in as of July 1, 2010. In fact, no HST will be applicable on the purchase price of a resale home. Some ancillary services, however, will be subject to the new tax.... [ more ]
Mar 27
2010

What are your legal fees and what is included in the fees when one is purchasing a first time home?

Expert Question posted by Joanne McPhail  ::  Views (9312)
Thanks for asking!  Our fee for a purchase with one mortgage  is $900.00 plus GST.  Then there are "disbursements" on top of that - these are out-of-pocket expenses incurred by us in order to complete your purchase (like registration fees,... [ more ]
Feb 16
2010

I have been advised to make my offer conditional upon the approval of my lawyer. Is this necessary? If so, what is the fee for this service and how long would it take for you to approve/disapprove from the time I submit it into your office?

Expert Question posted by Joanne McPhail  ::  Views (9157)
Sorry this has taken me so long - I was away on vacation last week!  You may have already proceeded, but yes, it is typical to make an offer conditional upon solicitor's approval - I can usually review and comment on an offer within 1 business day but it's nice... [ more ]
Dec 20
2009

Should I have my lawyer review my offer before accepting? If so, why would it be a good idea? Is there an extra cost for this service? I have heard that it is a wise idea. Thank you.

Expert Question posted by Joanne McPhail  ::  Views (9091)
Hi! It is a good idea to have your lawyer review your offer. There is usually not an additional cost to this, if you are using the lawyer for the transaction, unless he/she is required to get involved with negotiations or major changes to the Agreement. Usually,... [ more ]
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