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With the recent changes in the laws that govern real estate transactions, the sale and purchase of a home or property now has many more legalities and liabilities than ever before. Don't take chances with your investment or your future, use a professional realtor to ensure all the details are taken care of.
A few laws to consider:
- Property Law Act
- Land Title Act
- Fraudulent Conveyance Act
- Fraudulent Preference Act
Not sure what they are or what they mean? Are you willing to risk selling your home unaware of future potential liabilities? Are you willing to purchase a home through an FSBO sale? Then please remember this very basic rule of the law, "Buyer Beware".
The benefits of dealing with a realtor:
When you deal with a realtor, you can expect not only strict adherence to provincial laws, but also adherence to a Code of Ethics and Standards of Business Practice. The Code and Standards are very important to you, because it assures you will receive the highest level of service, honesty and integrity. One provision of the Standards requires realtors to seek written acknowledgment from vendors and purchasers of disclosure of the agency relationship.
Before entering into an FSBO situation as a buyer or seller I hope you take the time to research and weigh the costs in terms of your time, the legalities involved and the marketing and showing of your home.
Please don't hesitate to call with any of your real estate questions. I am always available to be of service to you!
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