Selling a home can be one of the most stressful processes, with each transaction requiring a high degree of involvement from a home sale lawyer to protect your investment. For this reason, our real estate lawyers in Calgary are here to guide you through the process.
To ensure a seamless transaction in the home-selling process, read and apply these home-selling must-knows. These are a few essentials you, as a seller, need to understand when putting your property on the market.
1. When to Hire a Real Estate Lawyer
Once you sign your real estate sale contract, you should contact Realty One Legal. We’ll ask that you send the real estate contract to us and will schedule an appointment to sign the closing documents. If your plans place you out of the city (or country) during this time period, we can arrange for a virtual signing.
2. When to Vacate Your Property
A common home sale question is when the seller needs to vacate the property. Your home should be empty at noon on your transaction’s closing day. Failure to clear the premises on time may result in a penalty. Sellers should ensure any personal property included in the purchase price should remain in the home. Sellers should honour any obligations set out in the purchase contract, including completing renovations and property cleaning.
3. When to Cancel Homeowner’s Insurance
The purchase contract states sellers are responsible for losses until the close of the transaction. Regarding liability issues, this home sale must-know stands out the most. Do not cancel your homeowner’s insurance until the sale proceeds arrive in your bank account.
Home sale lawyers always attempt to close each transaction on time; however, delays can periodically arise for a variety of reasons. If payment to you is delayed, the buyer may owe you late interest. Your real estate lawyer will help guide you through this situation.
Selling your home can be intimidating; there are so many things to do that it can sometimes feel overwhelming. For this reason, you should find assistance from competent professionals you can trust. At Realty One Legal, we are a lawyer-paralegal team with over 45 years of industry experience. Moreover, we have been proudly serving Calgary and the surrounding areas since 2015.
We are qualified, experienced, and ready to assist you. Contact us today to see how we can help sell your home in Calgary.
Blog posts from Realty One Legal are for general information only. The content should not be considered legal advice. If you are in need of professional legal advice, please reach out to our Realty One Legal team/lawyers.
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