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This year especially has been tough for many families, so for this holiday season, our incredible team have been discussing ways to give back to our community. Starting today, we will have a donation bin set up in our reception area where non-perishable donations will be collected. We welcome donations from all who wish to participate. All items will be wiped down and sanitized upon entering our firm to keep us all safe.
All of us at Arcus Legal hope to collect 150 non-perishable food donations. The donations will then be delivered to Feed Nova Scotia, for their distribution to 140 food banks, shelters, soup kitchens, and meal programs.… [Read more]
The steps to complete the purchase can feel confusing to any buyer, but your real estate team knows what to do and will assist you through to the closing date. Your team consists of your lawyer and their paralegal, your lender and Realtor.
Your lawyer will review the Agreement of Purchase and Sale, conduct a title search, confirm the status of property taxes, prepare the closing documents including the mortgage, and confirm the final amount you will be required to bring to your lawyer for the closing.
The lender will instruct your lawyer on the terms of the mortgage and the amount you are borrowing.… [Read more]
Once you have accepted an offer, you must meet the conditions by a certain date. The most common condition is being approved for financing. This means you are personally approved to borrow the amount you require; and the home being purchased is approved by the lender as having the value to support the mortgage loan. The financing and other conditions are “deemed arranged” on a certain date in your agreement. If you are not approved for financing, you must notify the Realtor who can either terminate the offer or request an extension of time on the condition date.
Another important condition is to arrange a building inspection.… [Read more]
If you find the house you would like, you may need to move quickly when the market is hot, and your Realtor is the best person to help you enter into the contract to buy your home. Most Realtors now recommend a clean agreement on the standard form of Agreement of Purchase and Sale approved by the Nova Scotia Association of Realtors®.
The main clauses you need include financing, inspection, and insurance and of course, lawyer review. There may be additional clauses you should have depending on the property. Where the market is brisk, the cleaner your offer the more likely it will be accepted.… [Read more]
Did you know the Realtor is often paid out of the sale proceeds by the Seller? If you have your own Realtor, they will receive their fee out of the sale proceeds, and they will divide the entire commission with the listing Realtor. When there is one Realtor, they will represent the Seller but will also have an obligation to treat you fairly. You will sign some documents acknowledging what duty the Realtor owes you and any aspects about commission will be dealt with in these agreements.
Knowing more about Realtor obligations before you make your offer will serve you well.… [Read more]
When you start searching for your first home or any home it is important to plan ahead and think about what you want most. Your search for a new home is special to you – so before you start, identify your priorities. This list should reflect your needs and the needs of your family, whether growing or downsizing. Hot markets are not ideal for finding a good match in all cases, but you will be better served at least knowing what you want and do not want.
Apart from needs, make sure you understand your market range and meet with a mortgage broker or specialist to obtain a pre-approval for your mortgage.… [Read more]
Congratulations on your new home, Chelsea and Ryan! For assistance with your next real estate purchase or sale, feel free to reach out to our Property Team at Arcus Legal.
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Happy Fur Foot Friday! Dexter is sporting his suit at the office today!
Did you know that the SPCA accepts animals into its care regardless of their age or health? Striving to be approachable, understanding, and non-judgmental, the SPCA offers no fee surrenders for pets and stray animals. With unexpected situations occurring in life and understanding how difficult it is for the owner to make the tough decision to surrender a pet, the SPCA ensures they will be re-homed into a loving family and suitable type of home! Book an appointment ahead of time to ensure the SPCA has lots of time to prepare a cozy space and a smooth transition for your pet.… [Read more]
Please join us in welcoming our newest Executive Assistant, Hailey Millesse, to the Arcus Legal team! She will be working closely with Tjiske Polstra to provide support and administrative assistance. Hailey completed her undergraduate degree at the University of Guelph, concentrating her studies in Political Science and Sociology. Through the University of Guelph, she also obtained a Certificate in Public Policy and Administration. Hailey brings a wide range of customer service and administrative experience. In her spare time, Hailey enjoys reading and cooking. She is currently working her way through reading the top 100 books to read in a lifetime. Welcome, Hailey!… [Read more]
Arcus Legal welcomes Tracey DeAdder as our newest property team member. Tracey graduated from Kingstec with an Advanced Bookkeeping diploma in 1985, and again in 1986 with a Business Computer Operator diploma. She studied business at Henson College at Dalhousie University. Tracey brings detailed knowledge of real property transactions, specializing in land migrations. She even uses her skills as a genealogist to investigate family connections to land titles. Often working behind the scenes, she enjoys the challenges that real property transactions can bring, and aims to provide a calming element whenever clients face difficult transactions. In her spare time, she is an amateur landscape photographer, an avid scrapbooker, and enjoys visiting historical sites around the Atlantic Provinces.… [Read more]