15 September

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How to Navigate Family Law with a Real Estate Lawyer

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As one of Canada's most bustling cities, Toronto sees its fair share of real estate transactions. However, the landscape can become complex when real estate intersects with family law, particularly during events like divorce or inheritance. Real estate lawyers toronto with a deep understanding of family law can be invaluable in navigating these challenging waters. Understanding the Intersection of Family Law and Real Estate Family law doesn't just deal with separation, child custody, or spousal support. It often spills into real estate, especially when shared properties are in the equation. Whether it's deciding the fate of a jointly owned house post-divorce or...

06 September

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Checklist for First-Time Homebuyers

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Entering the world of homeownership is a significant life event. For many, it signifies an economic milestone and a step towards fulfilling personal dreams and laying down roots. As thrilling as the journey might be, first-time homebuyers often navigate a maze of decisions and tasks with the help of the real estate lawyer toronto. The Role of a Real Estate Lawyer Toronto in Your Home-Buying Journey While real estate agents are pivotal in helping you find and negotiate your dream home, a real estate lawyer's part is equally indispensable, especially when it's your first time making a significant purchase. Here's how they...

31 August

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FAQ Real Estate Lawyers Toronto

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As a dedicated real estate company, we recognize the importance of providing clear and comprehensive answers to your inquiries. Real estate matters can be intricate, but De Krupe Law real estate lawyers toronto aim to simplify them. #1. Question: How can a real estate lawyer toronto help me during a property purchase? Answer A real estate lawyers toronto is pivotal in ensuring the legality and smoothness of property acquisitions. They meticulously review purchase agreements, investigate property titles, and address potential legal concerns. By doing so, they protect your interests, provide guidance through negotiations, and facilitate a secure transfer of ownership. #2. What is the...

25 August

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A Comprehensive Guide to Wills and Estates

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A Comprehensive Guide to Wills and Estates

Whether you're at the initial stages of contemplating your legacy or helping a loved one navigate this domain, De Krupe Law real estate lawyers toronto will gladly help you. We made this extensive guide to provide you with a comprehensive walkthrough of everything related to wills and estates. From understanding the fundamentals of wills to dealing with the intricate threads of estate planning and more. Real Estate Wills Definition At its essence, a will is a legal document that outlines your desires regarding the distribution of your assets and possessions after you've passed away. Think of it as a roadmap that ensures...

18 August

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Is a Property Survey Necessary When Buying a Home?

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Is a Property Survey Necessary When Buying a Home?

The process of purchasing a home, while exciting, is laden with decisions and evaluations. One of the most overlooked but critical components of this process is understanding the significance of a property survey. This document holds substantial weight, especially when navigating potential land disputes or making home improvements. What is a Property Survey? A property survey is a vital document delineating a property's boundaries and land features. It's essentially a graphic representation that provides specifics such as: the property's boundaries; its location relative to neighbouring properties; any structures therein. A thorough survey clarifies rights, ownership, and potential restrictions or easements. How often should a property be surveyed? While...

08 August

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Top 3 Things to Remember When Buying a New Home From a Builder

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Top 3 Things to Remember When Buying a New Home From a Builder

While it may seem daunting to consider when buying from a builder, researching the builder's reputation is crucial when purchasing a new home. You want to ensure that you are working with a builder who has a track record of delivering quality homes and providing excellent customer service, especially when cooperating with real estate lawyers. Research the Builder's Reputation Not all builders are created equal, and you want to ensure you're working with a reputable and trustworthy one. Online reviews — start by looking for online reviews and testimonials from previous customers. Check websites, forums, and social media platforms where people share their...

04 August

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Deposit Troubles in Real Estate: What to Do When Buyers Don’t Deliver Deposits

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Is it being a home seller dealing with the failure of a buyer to deliver the deposit? Can it be a much more frustrating and stressful situation? However, it is advisable to consult with real estate lawyers. Handling the matter carefully and professionally is essential to protect your interests and ensure a reliable real estate transaction. Understanding the Significance of the Deposit Before becoming this action machine, you should take when a buyer fails to provide the deposit, let's first understand the significance of this financial commitment. The deposit is a sum of money submitted by the buyer upon accepting the offer...

26 July

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Real Estate Property Taxes in 2023 Canada

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Real Estate Property Taxes in 2023 Canada

Taxes are pivotal in funding local services and providing the essential infrastructure for communities across different countries. The recent changes in tax laws and their implications on homeowners and investors will always be important matters to discuss with De Krupe Law toronto real estate lawyers. Overview of the Canadian Property Tax System The Canadian property tax system is a complex web of municipal and provincial levies. Property taxes depend on property assessments and serve as a major revenue source for local governments. The Canadian property tax system is multifaceted, involving both municipal and provincial components. Property taxes are calculated based on property assessments...

21 July

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Real Estate Toronto. Analysis June 2023

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The real estate toronto market seems to be in for a couple of surprises in 2023. We decided to discuss them with skilled De Krupe Law toronto real estate lawyers. They gave us valuable advice based on the latest data, so we are here to share it with you! Quick Summary In the summer of 2023, national real estate sales staggered slightly, falling 1.5% from the previous month. This decline is less than the drop we saw in April and May, and sales activity was 4.7% lower than in June 2022. The number of new offerings on the market was down 5.9%...

11 July

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Accelerate Your Mortgage Repayment: 5 Effective Strategies

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Accelerate Your Mortgage Repayment: 5 Effective Strategies

Owning a home is a significant milestone. For many, it is made possible through amortgage. Having your OWN place to live is perfect, but the burden of a mortgage repayment can linger for years. However, by adopting the right approach, you can pay off your mortgage faster and enjoy the true freedom of homeownership. Mortgage Definition A mortgage is a loan provided by a lender to finance the purchase of a property. It serves as a financial agreement between the borrower and the lender, outlining the following: The terms and conditions; Interest rate; Repayment schedule. Paying off your mortgage promptly is crucial, as it provides you...

05 July

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The Importance of a Good Credit Score for Your Mortgage Refinance

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The Importance of a Good Credit Score for Your Mortgage Refinance

Whenrefinancing your mortgage, having a good credit score is your number one priority. Obviously, your credit score plays a crucial role in determining the interest rate you'll receive, the loan terms available to you, and even your eligibility for refinancing in the first place. Understanding Credit Scores Firstly, it's crucial to understand what a credit score is and how it is calculated. A credit score is a numerical representation of your creditworthiness, reflecting your past credit behaviour and indicating the likelihood of you repaying borrowed funds. The most commonly used credit scoring model is theFICO score, which ranges from 300 to 850....

26 June

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The Impact of Canada’s Two-Year Ban on Foreign Home Buyers on Real Estate: What You Need to Know

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The Impact of Canada's Two-Year Ban on Foreign Home Buyers on Real Estate: What You Need to Know

The Canadianreal estate markethas been a topic of great interest and concern, particularly when it comes to the impact of foreign home buyers. In an effort to address this issue, the Canadian government recently implemented a two-year ban on foreign home buyers. Prehistory of the Two-Year Ban Canada, known for its diverse and thriving real estate market, has experienced significant growth in property prices over the past decade. This surge in prices, especially in major cities like Toronto and Vancouver, raised concerns about housing affordability and accessibility for Canadian residents. During this period of rapid price escalation, foreign investors, particularly from countries with...