An important step in buying a house is to actually sign the Agreement of Purchase and Sale. This typically happens before you find a lawyer to act on your behalf, so it is important to make sure you know what you are signing and the implications the document may have on the transaction. Delaney’s Law Firm, in Ottawa, Ontario, has written this article “Real estate lawyer’s common advice on Agreements of Purchase and Sale”. It provides helpful tips on what to include and/or exclude in your Agreement of Purchase and Sale as well as tricky items to look out for or ask about before signing. This article answers some common questions you might have about issues such as suggested deposit amounts and closing dates.
