In most cases, the beneficial and legal owners of a property are one and the same, but they can be separate individuals through a “trust agreement”. Simply put, a trust agreement is a legal tool to separate the legal and beneficial owners of the property. What are “legal owners”? The legal owners are the persons… Continue reading What is a trust agreement in Real Estate?
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Tag: real estate
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Realtors: Real Estate Transactions Amidst COVID-19
Will COVID-19 impact closing your Real Estate transactions? A hotter than ever spring housing market coupled with a reduction in mortgage rates is responsible for record-breaking numbers of Real Estate transactions in markets across Ontario. As the Coronavirus (COVID-19) continues to spread, it may soon become a reality that your clients and perhaps you will… Continue reading Realtors: Real Estate Transactions Amidst COVID-19
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Real Estate Legal Documents – What You’ll Need to Sign at Closing
Before your transaction closes, you’ll meet with your Real Estate Lawyer at a signing appointment to review and sign your closing real estate legal documents. This is the time when you’ll sign the required documents to make your purchase, sale or refinance transaction official. The excitement of getting to the finish line tends to make us… Continue reading Real Estate Legal Documents – What You’ll Need to Sign at Closing
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7 Questions to Ask a Real Estate Lawyer When Buying
If you just firmed up your purchase or sale (Congrats!), you’ll likely need to choose a Real Estate lawyer to facilitate your closing. No matter which lawyer you choose, asking the right having the questions to ask a real estate lawyer before deciding who is going to handle your transaction can make, or break, the entire… Continue reading 7 Questions to Ask a Real Estate Lawyer When Buying
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Mortgage Refinancing – What is it and What’s The Process?
Mortgage refinancing is the process of paying off an existing loan and replacing it with a new loan with different terms than your original mortgage. There are many reasons why home owners choose to refinance a mortgage. The most popular reasons being converting from a variable rate mortgage to a fixed rate one (or vice-versa… Continue reading Mortgage Refinancing – What is it and What’s The Process?
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Hello New Home, Hello New Property Taxes.
Buying a home is exciting. Taxes are not. While this is the topic that everyone loves to ignore, buying or selling a home in Ontario does come with quite a few tax implications. The more you know about them, the less stressed you’ll be down the road. In this blog, we’ll dive into: • Land… Continue reading Hello New Home, Hello New Property Taxes.
