Under the terms of most Agreements of Purchase and Sale, the Purchaser is required to pay for the property by cash or certified cheque. Your lawyer's firm will be paying for the property on your behalf using funds provided to them by yourself. your lawyer requires all the funds for the purchase of your house to be provided to them by certified cheque or bank draft. Your lawyer will obtain the bank draft for your mortgage funds directly from the financial institution. The certified cheque or bank draft for your down payment, legal fees, and disbursements should be made payable to your lawyer in Trust.

It is your lawyer's job to do everything they can to protect your interests in this transaction. Your lawyer will attempt to provide you with prompt legal service in a manner that will keep you fully informed at every stage of the procedure. Your lawyer wants you to feel comfortable and secure in the purchase of your home. Accordingly, your lawyer encourages you to ask questions.

Return to: Information Every Purchaser Should Know

Elaine has answers to your questions and more professional tips to make your real estate transaction more pleasurable. Call or e-mail Elaine or click on "Ask Your Own Questions." Elaine can send you information on any Property Listed For Sale on the Multiple Listing Service in the Ottawa area. If you would like her to help you locate a home, please fill out her 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. Elaine can also help. Just fill out her Would like an address form, please ! Or perhaps you are considering selling your home in the near future, she can also offer you a Complimentary No- Obligation Market Evaluation Form

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