If you are in the process of selling your home, you know how frustrating that can be. There are people who come to look at your house that are never going to buy it, they just want to have a look at all of your stuff, and how the house is laid out. There are times you think that you might have sold your house, only to have the deal fall through. Selling a house can be a headache, but it can be even more of a headache when you have a legal hurdle. There are important details about real estate law you need to know if you are selling your house in the Barrie area.
Tips for Real Estate Law
There are several tips that can help you understand real estate law in the Barrie, Ontario area. First, if you are selling to a first-time homebuyer, there are tax advantages they can take advantage of. Also, you need to know that province legislation has regulations regarding home warranties. In fact, new houses must have home warranties for an extended period of time. All new home contractors must be registered with the province. Major appliance vendors also have to register with the province, so if something goes wrong in the house, it must be replaced.
Sellers have the right to try and sell the house themselves, or they could place the home with an agent. Sellers also have the right to offer their home for a conditional sale, which means the buyer has the right to withdraw their offer if conditions aren’t met. You also need to know that you won’t pay taxes for selling your home, as long as it was your primary residence. If you need help with your home sale, contact the real estate lawyers at JMS Law today.
Professional Family Law Firm in Barrie 