FILICE LAW BLOG

Real Estate

5 title issues that can jeopardize a sale

Title defects, also called clouds on a title, can complicate buying or selling a home in Ontario. In some cases, they could derail a transaction altogether, so it can help to know what some common clouds might be and how you can avoid the complications they can cause....

Should we take out a reverse mortgage?

After retirement, you can find yourself needing more money than you have. For instance, if you or your partner gets severely sick or hurt, you may need extensive medical care. Or you may want to finally pay off your house or supplement your income so you can live life...

Tips for avoiding overspending on a new home

When you are ready to buy a new home in Ontario, you must consider where you wish to live, how big of a house you want and, perhaps most importantly, how much you are prepared to spend. While you may ultimately make some concessions in some of these areas, spending...

What to know about love letters and real estate

Buying a house right now is an unusually stressful experience for buyers across Canada. Between the low inventory and the high demand, people have to make quick decisions and pay more than they may have been prepared to get the right house. Buyers may also be...

What must owners disclose about a home during a sale?

Purchasing a home is a huge investment and an exciting opportunity. As such, it is a transaction with a lot on the line, and you should feel confident in the decision you are making. Having all the pertinent information about a home can be a significant contributing...

What is condominium ownership?

Condominium ownership is a different type of property ownership than owning a house. There are many similarities, but there are some important distinctions that home buyers should be aware of as they do their research.One of the differences is that a condo corporation...