Property owners in Calgary and surrounding areas in Alberta who are experiencing problems with maintaining mortgage payments may have unanswered questions about their options. Foreclosure is a time filled with stress and anxiety -- not only for the borrower who might lose a house but also for the lender who seeks recovery. You may have attended one of the public talks about real estate transactions by an attorney from Lintott Law.
The excitement of buying a new home typically stifles any considerations related to potential litigation in the future. However, purchasing residential real estate is a complicated process in which a lot can go wrong. Alberta residents who are in the process of such purchases may not realise the importance of having a qualified home inspector check every aspect of the property before signing final purchase documents.
Selling a home in Alberta is not just a matter of enlisting the services of a realtor and waiting for him or her to get a buyer. There are intricacies related to real estate transactions that could make or break the success of the deal. Advisors suggest that sellers ask two or three top real estate agents to look at the property and provide comparative market analysis. At the same time, the homeowner can learn the trends in the area related to the going rate of agent commissions and more.
Buying a house in Alberta can be a stressful process because a lot can go wrong. Real estate transactions start when buyers put in offers to purchase, and if the sellers accept the offers, Agreements of Purchase and Sale documents will be negotiated and signed. Once that is done, it is a legally binding contract that cannot be rescinded or cancelled without difficulty -- unless the parties agree.