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Agreements of Purchase and Sale Must be Completed in Good Faith
If you have been following my blog, I surprised many people last year with the revelation in Agreements of Purchase and Sale are legally binding contracts that you cannot simply "use" a condition in the agreement to "get out" of the deal....
Benefits Available With Real Estate Lawyers for First-Time Home Buyers
There are many aspects of a real estate transaction that may seem overwhelming, especially when it is your first home purchase. The transaction is likely the largest investment you have ever made. In order to ensure that the transaction goes...
Seller Property Information Statement – Do Not Sign
Sellers should not sign the Seller Property Information Statement ("SPIS") for many reasons. First, and foremost, it is not a required document to create a binding Agreement of Purchase and Sale. Next, it is overly complex, technically difficult to complete...
The Importance of a Properly Drafted Agreement of Purchase and Sale
Spring in Ottawa is when the market heats up. Often, desirable properties will come onto the market and buyers will become so eager to purchase that property, that they do not protect themselves with proper conditions in the Agreement of...
