Real Estate in Ottawa with
Dan Coveduck
Sales Representative
Team Realty Ltd. Brokerage Independently owned and operated
Office: 613-667-5555
Toll Free: 1-800-307-1545
Quick Links to:
|
| Information Every Purchaser Should Know |
Searching The Title
Your lawyer will have the title searched at the Registry of Deeds to ensure that there is a good and marketable chain of title showing the ownership of the property to be in the name of the Vendor as described in your Agreement.
You will be notified immediately if they should be find any defects in the title which might hold up the closing. If a major defect in the title is found, their office will file an objection to title with the Vendor's lawyer, which is a letter written on your behalf indicating that the title was not satisfactory and, unless the flaws or defects in title can be corrected by a certain date, the Buyer is not willing to proceed with the transaction. They will then arrange for the Agreement of Purchase and Sale to be declared null and void, and for the return of the deposit.
The search of the title will also indicate whether or not portions of the property have been expropriated and whether or not the property is subject to restrictive covenants, building restrictions, easements, or rights-of -way recorded at the Registry of Deeds. If the title search indicates that your property is subject to these or any other restrictions, they will provide you with the necessary information prior to closing so that you can make sure that nothing will unduly lessen your enjoyment of the property.
Return to: Information Every Purchaser Should Know
Dan has answers to your questions and more professional tips to make your real estate transaction more pleasurable.
Call or e-mail Dan or click on "Ask Your Own Questions."
Dan can send you information on any Property Listed For Sale on the Multiple Listing Service in the Ottawa area. If you would like him to help you locate a home, please fill out his Information Request Form.
Surfing the Real Estate Board's web site or MLS.CA and found a house that you like but doesn't give you the civic address. Dan can also help. Just fill out his Would like an address form, please !
Or perhaps you are considering selling your home in the near future, he can also offer you a Complimentary No- Obligation Market Evaluation Form
|
|