Lintott Law
Advising On Real Estate And Foreclosure Law In Calgary
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December 2016 Archives

Steps to get ready to purchase residential real estate

Owning a home is likely on the wish lists of most people in Alberta. However, purchasing residential real estate is a major step and justifies serious consideration. Knowing when the time is right to buy a house may be difficult, but there are some issues to look at that may indicate preparedness.

Scrutinise the fine print on real estate transactions

Homeowners in Alberta who want to list their homes for sale through a real estate agent surely want to avoid being rushed into signing any documents. Real estate transactions involve written agreements that will be legally binding once both parties have signed them. A signed listing agreement with a brokerage firm gives the company and its sales person the right to represent the homeowner in marketing and selling the property.

Steps to take when buying residential real estate

Buying a new home in Alberta is an exciting time, but it is not just a matter of buying it and moving in. It is a complex process with many intricate steps and is typically made easier by a registered residential real estate agent and a legal representative. The most appropriate first step is to obtain a pre-approved mortgage that will allow you the confidence to make a firm offer on the home of your choice.

Real estate transactions best done with legal guidance

The housing market in Alberta does not decline during winter. Real estate transactions continue, and some buyers may have weather-related concerns. Nobody wants to take ownership of a house in the middle of winter when the roof and eavestroughs are packed with snow and frozen leaves. However, if damage occurs after buying the property but before closing and taking occupation, who is responsible for the repair costs?


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