The Importance of Reviewing Real Estate Agreements with a Real Estate Lawyer

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• The Importance of Reviewing Real Estate
  Agreements with a Real Estate Lawyer

• 416-321-8766

• john_at_zinatikay.com

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• What Is a Real Estate Agreement?

• Road Map Real estate agreements outline the key
  terms of a property deal, like price, ownership,
  and deadlines, ensuring everyone's on the same
  page.
• Shield They protect you from hidden issues,
  unfair terms, and misunderstandings, safeguarding
  your investment and rights.
• Smooth Journey Agreements pave the way for a
  hassle-free transaction, with lawyers guiding the
  process and resolving any bumps along the road.

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• Why Every Real Estate Deal Needs a Lawyer's Eye

• Unmasking Hidden Dangers
• Title defects like hidden ownership claims or
  liens could jeopardize your purchase.
• Lawyers can uncover zoning restrictions like
  expected limitations on renovations or property
  use.
• A lawyer can advise you of environmental hazards
  such as unforeseen risks like asbestos, lead
  paint, or soil contamination.
• Navigating Legal Jargon
• Real estate agreements are filled with legalese
  that can be as confusing as a foreign language.
  A lawyer acts as your translator, explaining
  every clause in clear, understandable terms.
• They ensure you fully grasp your rights and
  obligations, empowering you to make informed
  decisions.

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• Why Every Real Estate Deal Needs a Lawyer's Eye

• Negotiating for Your Best Interests
• Lawyers are skilled negotiators who can advocate
  for your best interests. They analyze agreements,
  identify areas for improvement, and negotiate
  terms that are fair and advantageous for you.
• Whether it's securing a better price, extending
  inspection deadlines, or adding crucial
  contingencies, a lawyer can help you achieve a
  more favourable outcome.
• Ensuring a Smooth Stress-Free Transaction
• The closing process can be a complex maze of
  paperwork and deadlines. A lawyer acts as your
  guide, ensuring all documents are in order,
  deadlines are met, and the closing goes smoothly.
  
• They handle the legwork, leaving you free to
  focus on the excitement of your new property.

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• Why Every Real Estate Deal Needs a Lawyer's Eye

• Peace of Mind Confidence
• Knowing your interests are protected by a
  competent lawyer gives you immense peace of mind.
  
• You can approach the transaction with confidence,
  knowing you have a legal expert safeguarding your
  biggest investment.

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• Key Terms to Be Added in a Real Estate Agreement

• Within an Agreement of Purchase and Sale
  contract, there are terms that need to be
  recognized and understood by both the buyer and
  the seller for a comprehensive transaction.
• Purchase Price
• Agreed amount of money in the home-buying
  agreement.
• May specify the deposit amount subtracted from
  the final price post-sale completion.
• Contingencies
• Clause in the Agreement outlining terms and
  conditions before legal binding.
• Examples include home inspection, home appraisal,
  financing, and title ownership obtainability.
• Closing Date
• Mutually agreed for finalization of paperwork and
  ownership transfer.

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• Related Links

• WHAT CAN GO WRONG AT CLOSING
• HOW ZINATI KAY ADDRESSES BUYER CLOSING
  CHALLENGES
• IMPORTANT QUESTIONS TO ASK BEFORE CLOSING ON A
  HOME
• WHAT IS AN AGREEMENT OF PURCHASE AND SALE IN REAL
  ESTATE?
• REAL ESTATE AGREEMENT THE DOS AND DONTS OF
  NEGOTIATING TERMS

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• Contact Us

100 Cowdray Ct, Suite 320 Scarborough, ON M1S 5C8

• 381 Front St W, CityPlace near the
  SkydomeToronto, ON M5V 3S1

• 416-321-8766

• john_at_zinatikay.com info_at_zinatikay.com

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