transaction. One mistake in title work could well haunt the buyer after purchase. Consider the following example. A property that sat on a double lot was put on the market. The neighbour bought it to carve off a bit of the second lot to expand his own yard. The seller then put the home back on the market, and it sold. Months later, through a property tax notification, it came out that, in preparing new deeds for the properties, the expanded yard area was correctly in the name of the neighbour; however, the house had been transferred to the home buyer. The new homeowner now owned both houses, and the neighbour owned his expanded driveway and yard.
Whoops.
Fortunately, they were good neighbours and amicably settled the matter with a few signatures. An experienced real estate agent deals regularly with these contracts, conditions, and unexpected situations. The competent agent is familiar with which conditions should be used, when they can safely be removed, and how to use the contract to protect you. Here are some advantages using a professional real estate agent can bring to your buying experience: • Education and experience • Value for money spent • Documents expertise, interpretation and access • Handling of associated fees • Network to a team of trusted professionals: lawyers, mortgage lenders, insurance brokers and home inspectors • Errors and Omissions Insurance protection against you being sued 5
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