Buying property is often the largest and most valuable investment you will make. For many, this process seems overwhelming. We at Gosai Law take on your stresses to ensure this process is an exciting endeavour for you.
Whether buying, selling, or refinancing a property, it is important to work with an experienced and trusted lawyer to ensure a seamless and efficient closing.
Legal Services we provide when buying or selling your property:
Our real estate lawyer in Mississauga provides personalized care and attention to each file from beginning to end as you transition into this new chapter of your life.
Whether buying, selling, or refinancing, any qualified real estate lawyer will first conduct a real estate title search of the property. The importance of this first step is to verify the current registered owners, confirm the legal description and property identifier number (PIN), to confirm there are no easements, bylaws or liens registered against the property. This will also reveal if there are any writ of executions against the registered owner.
You are required to pay provincial land transfer tax when you buy land. It is also important to note that when buying in Toronto, you will be required to pay both the provincial and municipal land transfer tax. However, if you are a first-time home buyer, you may be eligible for a refund of part or all the land transfer tax.
Before you purchase a condominium unit, it is important to have your realtor obtain the status certificate of the condominium corporation and have your real estate lawyer review it. The status certificate provides a financial snapshot of the condominium corporation. This includes evaluating if the current owner is in default of the common expenses, if the corporation has valid insurance coverage, and if the corporation is involved in any legal proceedings, as well as much more.
Title insurance is a policy that protects registered owners and their lenders against title-related issues and losses. While title insurance is optional in Ontario, it is highly recommended by lawyers. Also, it is also often a requirement for financial institutions when lending money.
Great service, very responsive and always available to answer all my questions. They accommodated my appointment time request and went over all my documents in great detail. Thank you.
I’d highly recommend using Gosai Law for all your personal injury, real estate, and family law needs. I’ve had extensive experience working with their firm on my own personal needs and have been thoroughly satisfied with the services rendered. I particularly appreciate their ability to move fast, with decisiveness on all matters, and it also helps that their response time is super fast. Kudos to the team!
Simply put. The team at Gosai Law persevered beyond my expectations to get me much needed compensation in a very difficult time.
They are very hardworking and dedicated to help out and find solutions that best fit your needs.