December 2020
Beginner
432 pages
11h 49m
English
Content preview from Buying and Selling a Home For Canadians For Dummies, 5th Edition
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Chapter 17
Understanding the Legal Stuff
IN THIS CHAPTER
Grasping the basics of sale contracts
Knowing which parts of the sale contract concern you (the home seller) the most
Taking into account important differences in condominium sale contracts
Learning about legal terms and documents involved in transfer of ownership
After you find a buyer, you need to take care of all the legal stuff. And though sale contracts, deeds, and titles may just seem like minor details compared to when you bought the property, taking them very seriously is vitally important. One slip-up can send your sale sideways. Selling your home is a great accomplishment, but you have to make sure it’s done right. This chapter can help you figure out the ins and outs of the important legal documents.
Cooking Up a Recipe for a Successful Contract
Most home sellers were once home buyers, so more than likely you already know plenty about the purchase side of the contract (or agreement) of purchase and sale (take a look at Chapter 9 for more information). Here, we review the contract from a seller’s point of view.
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