Axess Law’s remote real estate lawyer in Sudbury gives you valuable legal assistance whether you buy or sell investment property, or purchase matrimonial real estate. Legally married spouses or common law partners on title to real estate you share may have property rights that affect your right to sell. An Axess Law virtual real estate lawyer in Sudbury can video conference with you to explain how to structure a title to give you or your spouse the right to keep or dispose of property you own. Real estate investor? We close your transaction for less than traditional law offices.
Get fast, efficient legal services when you buy real estate in Ontario. Even transferring a cottage at the lake to loved ones requires a real estate lawyer’s assistance. Your Axess Law Sudbury virtual real estate lawyer checks title to property you make an offer on. We arrange transfers to family or friends, or discharge mortgages when you sell existing real estate to relocate or re-invest. You pay flat fees for most real estate transactions, and hiring a virtual Sudbury real estate lawyer makes signing by video conference a breeze.
Sell real estate you live in or rent for income with Axess Law. Your Sudbury virtual real estate lawyer reviews agreements of purchase and sale prospective buyers make. We advise you on how to proceed if a real estate buyer requests more time or tries to cancel. If a new real estate offer comes in that you prefer, we check if a sales contract contains penalties or the irrevocable period has passed. Call Axess Law for solutions to all your real estate questions.
Refinance quickly and easily with an Axess Law Sudbury virtual real estate lawyer. When you prefer to refinance instead of renew, email your lender’s offer to Axess Law.
Your licenced Sudbury real estate lawyer can check the fine print for prepayment penalties or lump sum payment options and get back to you with the legal papers you need to sign.
Get StartedThe Nickel City has a surprising French-Canadian flavour. Traces of its past as a nickel mining giant can still be found in the blackened hills that surround Sudbury. Located on Georgian Bay, Sudbury is located on traditional Ojibwe territory. Underground tours of the mines are a fun outing for kids or adults. Best hidden gem: the Grecian columns and statues of the Grotto of Our Lady of Lourdes in downtown Sudbury. Catch views of Ramsay Lake while you visit the Stations of the Cross. Live music nightly and nearly 300 nearby lakes make Sudbury “the happiest city in Canada.”
Your Axess Law real estate lawyer in Sudbury can video conference with you 7 days a week, at your convenience. Our online video calls and remote signing services take the work out of closing real estate transactions. Timely legal advice and low flat rate legal services — make your appointment by dialing 647-479-4118 in Toronto (toll free to 1-877-552-9377) or use our online booking form to find a remote real estate lawyer in Sudbury. Debit, cash, VISA, or Mastercard accepted. Axess Law makes hiring a virtual Sudbury real estate lawyer easy.
Sure, a real estate offer is not a sale. Anything can happen in the meantime – real estate buyers may walk away if they can’t get financing or change their mind. Some sellers direct their realtor to continue accepting back-up offers until all subject-to conditions are removed. (A home where all contingencies have been met is less likely to come back on the market and is probably not worth pursuing.)
Yes. A Brampton couple received $185,000, including costs and interest, for a similar complaint (Datta v Eze, 2020 ONSC 4796). Cancelling a real estate sale requires mutual consent between buyer and seller. When a sale is rescinded, courts look at the impact on the buyer. For example, in Datta v Eze, the court found the property was the only one that satisfied the real estate buyers’ unique wish list. The fact it appreciated by $150,000 more than the home they eventually bought contributed to the size of the settlement.
How big is your down payment and how much do you need to borrow to buy real estate? BMO calculates a $726,000 mortgage with 20% down on a five-year fixed term with a 25-year amortization would cost $3,764 per month at 6.14% (September 2022 rates). To get the mortgage, you have to show you can afford to buy real estate even if interest rates increase by a minimum qualifying rate. That rate is the higher of your interest rate plus 2% or 5.25%. In other words, your lender will assess whether you could still make the payments if your interest rate was 8.14% ($4,485 monthly).
If you mean does it make you appear like a credit risk to lenders, not typically. Your income may increase by the time you make your next real estate purchase, or you could be buying a home with rental income. Future lenders are more interested in whether you consistently make mortgage payments on time, and how you manage debts like credit cards. Before you apply next time, ensure your credit score is solid, and reduce or consolidate debts.
