OUR AFFILIATIONS

WE LET OUR CLIENTS DO THE TALKING

Here To Assist You In A Smooth And Stress – Free Closing.

Buying your home or investment property is one of the most significant decisions you’ll make.

There is often a feeling of excitement and nervousness especially for first time buyers.

Whether you are buying, selling, or refinancing your home or investment property, Taman Singh Law is dedicated to ensuring that your real estate transaction runs smoothly and without unnecessary stress.

We answer all your questions, ensure you know your obligations and duties, and process the complete real estate transaction from start to finish.

Our goal is to provide you with peace of mind and help you look forward to the future and your new property!

Taman Singh is a lawyer with RZCD Law Firm LLP. A law firm serving the Greater Toronto Area since 1993.

CALL US NOW

WHY CHOOSE US?

NO LEGAL
FEES UP FRONT!

We only collect our fees after completion of the transaction.

CONSISTENT
COMMUNICATION

We make sure you are informed at each step of the transaction.

HIGHLY
RECOMMENDED

We are highly recommended by our previous clients. Customer satisfaction is a priority for us.

REMOTE
VIRTUAL SIGNING

We’re keeping our clients and employees safe by allowing documents to be remotely completed from the comfort of your home – There will be no need for you to visit our offices to sign.

COMPLETE REAL ESTATE
TRANSACTION FROM
START TO FINISH

We handle the transaction from A to Z. Our goal is to
make this transaction as stress free for you as possible.

Multi- Lingual Communication

We can communicate with you in English, Hindi, Punjabi, Urdu, Tamil and Gujarati.

WE CAN HELP YOU WITH

RESIDENTIAL REAL ESTATE

BUY AND SELL

COMMERCIAL REAL ESTATE

BUY AND SELL

MORTGAGE AND REFINANCE

RESIDENTIAL AND COMMERCIAL

Call Us Now

YOUR NEXT STEPS

CALL US NOW
647-360-1141 905-848-6100 x354
EMAIL US NOW
taman@rzcdlaw.com
BOOK YOUR CONSULTATION NOW
SCHEDULE AN APPOINTMENT

WHAT IS THE PROCESS IF YOU’RE PURCHASING?

Here’s what you can commonly expect when purchasing a new property:

FINANCIAL

  • Put money aside for a down payment.
  • Make sure your credit score is good.
  • Figure out your budget and how much you can spend on a property.

MORTGAGE

  • Figure out how much you’ll have to pay each month for the installments.
  • Obtain the most suitable mortgage for you.

HOME BUYING

  • Find a reputable real estate agent.
  • Think about where you want to live. Location is important.
  • Find the house your like and make an offer to the seller.
  • Have the house inspected.
  • Complete the final negotiations and execute the Agreement of Purchase and Sale.
  • Hire a real estate lawyer to assist you in the real estate transaction!
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When you buy a property, we here to process the complete real estate transaction from start to finish. Some of what we do, in no particular order, include:

  • Reviewing your Agreement of Purchase and Sale (APS).
  • Ensuring you understand your responsibilities as a buyer.
  • Providing to the seller’s lawyer’s any requisition concerns.
  • Conducting the required searches for the property.
  • Informing you if we uncover issues with your title or the property prior to the closing.
  • Determining if you qualify as a first-time homebuyer and assist you in obtaining any applicable rebates and advantages.
  • Obtaining and reviewing your mortgage instructions.
  • If you’re buying a condominium, review your Status Certificate.
  • Reviewing and obtaining title insurance and any surveys.
  • Ensuring you have the appropriate insurance coverage.
  • Transferring funds to the selling party’s law office.
  • Registering your mortgage.
  • Completing the closing and getting you your keys!

Taman Singh Law is dedicated to ensuring that your real estate transaction runs smoothly and without unnecessary stress.

Call Us Now

WHAT IS THE PROCESS IF YOU’RE SELLING?

Here’s what you can commonly expect when selling a property:

PLAN AND PREPARE

  • Speak to a reputable realtor and determine if it is a good opportunity to sell your property.
  • Get your property in the best condition to sell. Consider doing renovations to increase potential sell price.
  • Gather all necessary documentation in preparation for the listing.

LIST

  • Obtain the services of a reputable realtor and list your property for sale on the market.
  • Ensure that the property is being promoted and schedule open houses and showings with your realtor.

SELL

  • Review the offers you have received and accept one most suitable to you.
  • Complete the final negotiations and execute the Agreement of Purchase and Sale.
  • Hire a real estate lawyer to assist you in the real estate transaction!
Call Us Now

When you sell a property, we are here to process the complete real estate transaction from start to finish. Some of what we do, in no particular order, include:

  • Reviewing your Agreement of Purchase and Sale (APS).
  • Responding to the buyer’s lawyer’s requisition concerns.
  • Ensuring you understand your responsibilities as a seller.
  • Conducting the required searches for the property.
  • Preparing all necessary documents for the transaction.
  • Adjusting any applicable property taxes and/or maintenance expenses.
  • Receiving funds from the buyer.
  • Transferring title to the buyer.
  • Requesting your discharge statement from your mortgagee and paying outstanding balances.
  • Paying any related expenses associated with the transaction including real estate commissions.
  • Completing the closing and providing you with the proceeds of sale!

Taman Singh Law is dedicated to ensuring that your real estate transaction runs smoothly and without unnecessary stress.

Call Us Now

WHAT IS MORTGAGE REFINANCING AND HOW DOES IT WORK?

Mortgage refinancing is when you pay off an existing loan on your property and replace it with a new loan. The new loan often has different terms than the existing.

Taman Singh Law is dedicated to ensuring that your real estate transaction runs smoothly and without unnecessary stress. When you refinance a property, we are here to process the complete real estate transaction from start to finish.

Call Us Now

WHAT ARE THE BENEFITS TO MORTGAGE REFINANCING?

There are numerous reasons why you should refinance your mortgage, some include the following:

  • Lower interest rate
  • Change your term
  • Consolidate your debt
  • Use the equity in your property

Some of the ways you can use the equity include:

  • Make a big purchase
  • Pay for a major home renovation
  • Maximize your funds for investments
Call Us Now

WHY CHOOSE US?

NO LEGAL
FEES UP FRONT!

We only collect our fees after completion of the transaction.

CONSISTENT
COMMUNICATION

We make sure you are informed at each step of the transaction.

HIGHLY
RECOMMENDED

We are highly recommended by our previous clients. Customer satisfaction is a priority for us.

REMOTE
VIRTUAL SIGNING

We’re keeping our clients and employees safe by allowing documents to be remotely completed from the comfort of your home – There will be no need for you to visit our offices to sign.

COMPLETE REAL ESTATE
TRANSACTION FROM
START TO FINISH

We handle the transaction from A to Z. Our goal is to
make this transaction as stress free for you as possible.

Multi- Lingual Communication

We can communicate with you in English, Hindi, Punjabi, Urdu, Tamil and Gujarati.

Get Your Free Consultation

Contact us for a free 15-minute phone consultation and get all your questions answered in detail.

    YOUR NEXT STEPS

    CALL US NOW
    647-360-1141 905-848-6100 x354
    EMAIL US NOW
    taman@rzcdlaw.com
    BOOK YOUR CONSULTATION NOW
    SCHEDULE AN APPOINTMENT

    FAQ'S

    When purchasing a home, you should seek legal advice as soon as possible. Once you’ve hired a lawyer at Taman Singh Law, they can get to work protecting your rights.

    Yes, hiring a home inspector before purchasing a home is very common. The sellers of the house may not even be aware of the amount of the damage or potential obligations. This low-cost action will assist you to avoid costly repairs and legal problems in the future.

    In Ontario, the “Buyer Beware” law is still in effect. Make sure you inspect the house you want to buy thoroughly. Before making a purchase offer, insist on acquiring a completed and signed Vendor Disclosure Statement from the seller.

    You need to be aware of all additional costs that must be paid before taking ownership of the property. This accounts for legal fees, home inspection fees, insurance, taxes, and any unforeseen charges. While some expenses are fixed, others are influenced by the price, location, and condition of your home. We ensure that you are aware of all the prices so that nothing comes as a surprise.

    The Purchase and Sale Agreement is a legally binding contract that can be enforced in court. You should not sign a second agreement unless the seller of the first property agrees to release you or you are capable and willing to buy both.

    It is important to accept and sign the contract, only then it becomes binding. Until then, you can change your mind and keep looking for better options.

    It might be deemed fraud in extreme cases if the seller fails to mention any serious problem. Depending on the extent of the damage and if the seller was aware of it prior to the sale, the seller may be liable for the repair. Speaking with neighbours in the area can also help you discover any issues with the home.

    Sellers must disclose hidden defects (defects that are not clearly visible), although patent defects (defects that are obviously visible) are not necessary because they can be discovered during a home inspection.

    The documents must be signed by everyone who has a legal claim to the property.

    This is the paperwork that will be prepared if you have decided to purchase real estate. When the seller accepts this offer, the property owner and the buyer enter into a contract.

    The purchase offer can be subject to a variety of conditions. An inspection report is one of the most common conditions.

    Warranties on newly built homes are typically limited. This may also vary depending on which part of the property is being considered.

    In most cases, you must depart the property by the closing date.
    You may consider leaving the house at least one day before closing to guarantee that all of your possessions have been removed before handing over the keys.

    The best time to sell your home is when there is a seller’s market. This means that the number of interested homebuyers is more than the number of available houses. Seasonality, the availability of similar homes for sale, new by-laws, and the weather at different times of the year all impact the best time to sell your house.Visiting a real estate lawyer and an agent can provide you with good advice on when to sell your house.

    It is not uncommon for a homeowner to sell a property while owing money to the bank. In most cases, you will have some time remaining on your mortgage and a bill to pay. Check ahead of time to know if paying off your mortgage may result in a penalty. Your lawyer will request from your bank the discharge statement, which is necessary to pay off the mortgage. Your lawyer will then direct a portion of the sale profits to the bank to pay down the mortgage and ensure that the mortgage is later released from title.

    Cleaning your house before selling it is an excellent point that should not be missed. It will help you get a greater selling price for your house. If you can make it so, your house should be spotless and appealing to buyers, otherwise you may not be able to sell it at all. To sell your house for as close to your asking price as possible, you must consider the experience of a potential buyer when touring your property. Before a buyer would close on a purchase, your house may need to be inspected for any plumbing or insect problems. Legally, the property must be kept in almost the same condition as when you first viewed it after the agreement is signed and until the closing date.

    Fundamentally, whether or not you will pay tax depends on how you used your house. Everyone in Canada is allowed to one primary home for which they can claim a full exemption from paying capital gains tax. Capital gains taxes, on the other hand, apply to investment properties. The price difference between what you purchased for the property and what you sold it for after costs determines how much tax you pay on investment properties. A certified public accountant can help you with this.

    In any given house sale, you will be expected to give notice to your home’s service providers, such as hydro, cable, water, gas, and home insurance, as of the day of closing and to end these accounts. In fact, you will be given a final bill for the services you got prior to the sale of your house.

    Although it is possible to sell a home just after purchasing it, there are several disadvantages and a high probability of financial loss that comes with this decision.

    A mortgage is a sort of loan that can be used to purchase real estate, such as a new home. This legal agreement is between you and the bank or creditor who lends you the money with interest. If you are unable to make your mortgage payments, the lender will attempt to take control of the home.

    If you only want to renew, you do not need to hire a lawyer. However, in most cases, a lawyer is required to extend your present mortgage beyond its original limits and to discharge the prior mortgage.

    Yes. Under usual situations, a lawyer is necessary to complete a mortgage refinance or increase. A n experienced real estate lawyer will take all necessary efforts to give you and your bank with a legally registered mortgage and secure its timely discharge when required.

    Some of the benefits of refinancing are as follows:

    • Reduce your interest rate.
    • A fixed-rate loan minimises risk.
    • Reduce the term of your mortgage.
    • Cash-out refinancing can be used to repair or renovate your house, pay for your child’s tuition, and so on.

    While it is not required to refinance with your current lender, there are various benefits to doing so. They are already aware of your payment history, and if you have been a consistent client, you may be able to negotiate the best rate. Comparing mortgage loan rates from several different lenders, on the other hand, helps assure you get the best rate available.

    There is an approval procedure as refinancing creates a new mortgage loan. Throughout this application for a new mortgage, the lender will examine your credit and income. You may be unable to refinance if you have low credit, as many lenders need higher credit ratings for these kinds of loans.

    By refinancing, you may be able to pay off your second mortgage. One alternative is to merge both loans into a single new first mortgage, which would result in a single monthly payment. If you wish to maintain your second mortgage, contact your lender and request that they remain in second position while we refinance the first. This process, known as subordination, is frequently accompanied by a fee charged by the second mortgage lender.

    647-360-1141
    taman@rzcdlaw.com