Calgary Real Estate Law - Tom Taylor

Common sense will help you avoid future problems when purchasing real estate. There are many stages in residential real estate buying and selling that one needs to be aware of. Before you buy, for example, your home must be inspected. The inspector plays a vital role in assessing homes in their current state and suggesting repairs.

While you search and prepare to buy you may also choose to use a Realtor.

Increasingly both Buyers and Sellers are not being served well by their realtors. It's your job to do your homework before signing off on any papers. Although Realtors will send business to lawyers, they can also miss important aspects of the home buying process. Ensure you as a Buyer or Seller, your realtors carefully.

Do your due diligence by treating your Realtor as you would any other professional. Do your homework, ask some of their former clients and check online for reviews.

Sometimes when you purchase property you may either move in with a friend, or purchase with a friend. Either way, ensure you have cohabitation agreements, or selling agreements in place prior to purchasing so when these events arise and one party wishes to exit the deal, you're protected.

All of these are merely a fraction of the issues you may encounter purchasing real-estate. All of them, with a little bit of careful planning and due diligence don't have to be issues if you're well prepared.

Don't forget your common sense, it goes a long way!

Calgary Lawyers: Taylor Conway

Tom Taylor: (403) 259-4028
Fax: (403) 640-0103

Our Location:
#440, 7220 Fisher Street S.E., Calgary, AB, T2H 2H8

Primary service offered by Tom Taylor include:

Residential real estate purchases and sales
Corporate and Business Law
Estates and Trusts
Mortgages
Wills and Probate

He also reviews purchase agreements, listing agreements, leases, mortgages, caveats, restrictive covenants and all other charges and encumbrances which may be registered against real property.

Condo buying offers a great way for new homeowners to enter the market, and for those looking for less home responsibility to transition into something generally more safer with less home upkeep.

However, before you buy a condo it's absolutely crucial to look over the condominium board assessments to ensure there are no outstanding or upcoming expenses. Have your lawyer assess the fees, and ensure you calculate your current and future condo fees into your monthly expenses of home ownership.

Condos can be a great asset to have so long as there are no large problems with the building or board. Again, arm yourself with information and don't hesitate to ask as many questions as you need to your Realtor, the condo board, the bank, and your lawyer.