Residential Real Estate Archives

Title Insurance - What It Is And Why Prudent Buyers Don't Pass On It

When you buy a home and receive title, you have legal ownership and the various rights associated with it. But what looks good on paper may not always be the case in actuality. To protect home owners and their mortgage lenders, title insurance has become commonplace in Ontario since around the turn of the century. Our post this week answers a few of the most common questions about title insurance.

New-Build Home Buying - Scrutinizing The Purchase Agreement

In real estate, little else beats the fresh feel of wandering through a model home and contemplating life in a spanking-new, untouched piece of real property. But before the move, there's the paperwork - pages upon pages of clauses and appendices that can strike fear into the hardiest of buyers.

Buyer Beware: Defects That Home Sellers May Not Disclose

Beyond the granite countertops and hardwood floorboards, a home may harbour defects - some negligible, others serious. Under Ontario law, sellers are obligated to disclose certain defects while simultaneously within their right to remain silent on others. Our post this week looks at two major categories of defects and some reasonable steps that homebuyers can take to discover the kind of property they may actually be buying into.

Three Reasons To Hire A Real Estate Lawyer Before Signing

More often than not, buyers and sellers wrap up their real estate deal, sign on the dotted line and then head to the lawyer with papers in hand. Many times, things go smoothly. In other situations, a transaction goes awry, leaving one side with a financial or legal headache that might have been avoided with the earlier intervention of a real estate lawyer. Our post this week looks at three reasons why a wary legal eye at the outset is a wise investment.

Mortgage 101 For First-Time Homebuyers

Entering the housing market for the first time can be a bewildering experience, especially where financing is concerned. Our post this week looks at the bare basics of residential mortgages and how a real estate lawyer can help ensure that a housing newbie's first go at financing is a smooth one.

Buying Or Selling Through A Real Estate Lawyer - Yes, It's Possible

In the majority of cases, participants in the real estate market work with a real estate broker to buy or sell a property. Yet, bypassing the agent and working directly with a real estate lawyer is an alternative option.

One Property, Two Agents - Going Splits With Co-Brokerage

Sometimes it happens - two joint owners can't agree on the same agent to sell their property. One way to handle the dispute is to engage the services of two brokerages for a single transaction. It's known in the business as co-brokerage or co-listing.

First-Time Home Buyer Spotlight: Mortgage Loan Insurance

Back in 1954, home ownership became more accessible to Canadians. In that year, the Canadian Mortgage and Housing Corporation (CMHC) debuted its Mortgage Loan Insurance. Lenders began extending financing on condition of a 25% down payment.

Non-Compliant Basement Apartments Could Be Financial Sinkholes

The prospect usually sounds attractive: buy a home, rent out the basement and watch your mortgage whittle down to nothing faster. But if the unit falls on the wrong side of the law, making an offer on a property could easily morph into a legal nightmare with a bad return on financial investment.

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  • Ross Firm Golf Tourney In Support of Huron Women’s Shelter a Swinging Success

    On behalf of the Huron Women’s Shelter and The Ross Firm P.C., we say “THANK YOU” to our many Sponsors and Donators for their outpouring of generosity and support for the annual Take a Swing Against Violence Golf Tournament held at Goderich Sunset Golf Club.

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  • Who needs a Will? You do!

    Our guests can explain why. Are you single and renting? A new Family? Or Homeowner? Enjoying your Golden Years? We all need a Will and our guest speakers will show you the why and the way.

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  • Take a Swing Against Violence

    On June 21, 2017, the Huron Women’s Shelter Second Stage Housing and Counselling Services, Board of Directors and The Ross Firm will be hosting the Taking a Swing Against Violence golf tournament at the Goderich Sunset Golf Course.

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  • Rocco & Vinnie do Advertising

    For your viewing pleasure our latest installment of Rocco & Vinnie Law Videos. This one plumbs the depths of the recent review of the Advertising Rules. Part cautionary tale, part musical, all Rocco & Vinnie.

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