- Real Estate Sales -

The typical first step in selling your home is to put it on the market, either privately or through a real estate agent.

A serious prospective purchaser will make an offer to buy your home.  This offer should be on an official Agreement of Purchase and Sale form.  If you are not satisfied with the price you have been offered, you may stroke it out and write in a higher figure (a counter offer) and then return the form to the prospective purchaser (or through your real estate agent).  Once you and the purchaser agree on the price, the closing date, and any conditions that may be part of the offer, the signed form becomes a binding contract on both parties: the Agreement of Purchase and Sale.

A purchaser will often make his or her offer conditional on obtaining mortgage financing or on a home inspection.  In this case, the Agreement of Purchase and Sale is not yet binding.  Within a few days, the purchaser will forward a Waiver of this condition to you or your agent, which would make the Agreement a binding contract (unless there are other conditions that have not been waived).  The vendor should then contact a lawyer.

The lawyer performs several functions when acting for the vendor of a home:

It is my practice to personally attend to all of these functions to ensure that everything goes smoothly.

Legal Fees:

My fee for a sale transaction is $599.00 plus HST + disbursements.  There will be some items that a lawyer must pay for which the vendor must reimburse him or her ("disbursements"); which are in addition to legal fees.  It is rare for disbursements on a home sale to exceed $200.

Please feel free to contact my office if you have any further questions and for a breakdown of the disbursements.

Send E-mail to David Fysh at david@davidfysh.com

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