While buying or selling a house is an exciting time for Markham residents, it can also be complex and confusing for many individuals. There are many small details and issues that if not addressed properly can set you up for legal problems. Let’s talk about a few ways you can avoid legal problems during and after your real estate transaction and ensure that everything runs smoothly.
Be Honest
One of the most important things you should do when selling your home is to be honest. If there is any damage to the home, whether these things are small or large and whether the damage is obvious, these issues should be disclosed. This protects you from the liability and ensures that the buyer is fully aware of what he or she is purchasing. While there are many things you may disclose, a few problems that may not be obvious but the buyers should know about include:
- Any type of water leaks or past water damage
- Deaths that occurred in the home
- Termite or pest problems
- Issues with electrical work or plumbing
Hire a Real Estate Lawyer
A real estate lawyer may not be necessary when purchasing a home but it is a wise idea. The attorney will carefully look over all of your documents and will ensure that there are no loopholes or potential issues with the real estate transaction. The attorney can also assist during the negotiation process as well.
Don’t Sell or Purchase a Home Without a Real Estate Agent
While buying or selling a home on your own may sound tempting, you are setting yourself up for many potential issues. When working with an experienced real estate agent in Markham, you have an expert to answer your questions, ensure all the small details are taken care of, and to assist during every step of both the buying and selling processes. There are many decisions to make when buying or selling a home and there are also many issues that could arise. An experienced agent can help you through all of them.
If you are considering buying or selling your home in the Markham area, contact real estate agent Martin MacFarlane. He can help you every step of the way and with his help, you can avoid any potential problems that could hinder your home sale.
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