HOW WE CAN HELP YOU WITH SELLING YOUR PROPERTY IN ONTARIO
We are a law firm focused on real estate law, business law, and investor law. As a seller, your decision to sell the property may fall under all three categories of our practice areas. This makes us a unique law firm for representing individuals who wish to sell real estate within the province of Ontario. We have been involved with thousands of real estate transactions and know how to protect your interest properly as the transaction unfolds into its various stages. By taking a modern approach to the practice of law, our real estate law team is able to stay highly organized and has the necessary attention to detail to reduce the chance of unwanted errors and omissions. Once we are retained to represent you on your sale transaction, we will regularly communicate with you as your transaction unfolds so you are always able to provide input and ask questions as necessary.
WHAT TO EXPECT WHEN WE REPRESENT YOU ON YOUR SALE TRANSACTION
We will set up a free initial consultation where we will ask you questions about the property and answer any questions you may have about the sale transaction. We will then prepare a retainer agreement whereby we will clearly set out our legal fees to carry out the transaction. In most residential real estate transactions, we charge a flat rate for representing the seller. Once our retainer agreement is signed, we will ask you to provide us with various documents or information such as your current mortgage number, tax bill, IDs, and other necessary information. Once we have the necessary information, we take on responsibility for meeting deadlines and completing the transaction on time. After the finalization of the transaction, we will provide you with a copy of all documentation with a report that sets out how funds were received and disbursed.
WHAT ARE THE STEPS IN A SALE TRANSACTION?
STEP 1 – After our initial consultation, we will provide you with a retainer agreement that sets out the boundaries of our engagement on your sale transaction including our fee and responsibilities. Once the retainer agreement is signed, we will begin collecting the necessary information and documentation related to the transaction.
STEP 2 – We will review the Agreement of Purchase and Sale and respond to the seller’s requisition regarding the title of the property. If there are issues with title that require our attention, we will attend to them prior to closing to ensure we are ready to finalize the transaction.
STEP 3 – We will prepare the necessary documentation including financial documents related to your transaction and send them to you in advance for your review and approval.
STEP 4 – We will arrange a remote or in-person meeting with you during which we will explain the transaction, sign documents and answer any questions you may have about the closing.
STEP 5 – On the day of closing, we will exchange closing documents and funds with the purchaser’s lawyer and disburse funds as necessary.
STEP 6 – Once the transaction has been completed, we will provide you with a copy of your documentation with a final report confirming the finalization of the transaction.
WHY YOU SHOULD HIRE OUR FIRM TO REPRESENT YOU IN YOUR REAL ESTATE SALE TRANSACTION
- Experience – We have the necessary experience and knowledge to guide you through your transaction. We have successfully represented clients on thousands of real estate transactions.
- Organization and Firm Infrastructure – We are a paperless and highly organized law firm focused on streamlining internal processes that lead to more efficient results for clients.
- Remote Closing – While you have the option to come in any time you would like, we can close your real estate transaction completely remotely. We utilize various forms of technology that make it easy for our clients to electronically sign documents, securely upload documentation, and hold virtual meetings with us.
- Prompt Communication – We respond to all communication in a timely manner, and we pride ourselves on being a responsive law firm. Our staff is trained to encourage client communication as the various stages of the transaction unfold because we believe that we are able to achieve better results for you if we have your regular input throughout the transaction.
If you are selling a property in the province of Ontario, contact us today for a free consultation and quotation. A helpful member of our team will answer any questions you may have about selling your property.