Once it is determined that the vendor’s title is good and all closing documents are in order, the purchaser’s Attorney-at-Law, prepares the title document transferring the property to the purchaser or to such person the purchaser directs. In addition, the purchaser must ensure that on...
In a transaction for the sale of property, the purchaser’s Attorney-at-Law must conduct what is an investigation of the vendor’s ownership or title to the property. For e.g. if the property is owned by way of deed, it involves a search for all deeds and...
There must be a valid, written agreement between a vendor and purchaser for the sale of property. The standard sale agreement dictates a deposit – a portion of the sale price of the property which the purchaser is required to pay to the vendor at...
After you’ve inspected the property and you determine that you are interested in purchasing it, ask the vendor for a copy of his/her title document. This is the document for e.g. a deed that indicates whether this person can legally sell the property to you. ...
One of the biggest decisions you can make in life (probably runs a close second to choosing a life partner) is purchasing property. It is usually the biggest investment a person can make. It is not for the faint of heart (or pocket) and should...
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