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New Year Guide to Your 2023 Home Purchase
David H. Korman
January 19, 2023
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Congratulations and happy new year! 2023 is upon us 😊
As the holiday season wraps up and you look forward to the upcoming year, a key question will come into your mind. Is this the year that I should be purchasing a home?
Whether you are a first-time home buyer or looking to sell your current residence and buying a new home, there will be many considerations that you will be considering!
In order to make the right decision for yourself and your family, I recommend putting together a strong team of professionals that will assist you with your real estate decision:
To help make the decision of your next real estate transaction, it is always wise to first speak to a mortgage broker and determine the amount and terms of a mortgage available to you.
From there, you would speak to your financial planner and accountant to determine the size of your down payment, as well as the financial considerations in planning your purchase.
Retaining a strong realtor is important from there, to help you determine the type of property that you plan to purchase, location and what criteria the property must have for you.
Finally, having your real estate lawyer in place throughout the transaction is crucial. For any legal considerations as to your purchase, you will have questions along the way. The real estate lawyers at Kormans LLP are readily available to help answer your legal real estate questions and help you navigate the completion of your home purchase!
Buying a house doesn’t have to be scary! When you have the right team of professionals working for you – the process will feel much smoother and before you know it, you will be in your new home!
Please feel free to contact us at info@kormans.ca to help connect you with a real estate lawyer at our office to get the ball rolling on your real estate transaction. Looking forward to working with you in 2023!
David is a member of the Law Society of Ontario since his call to the bar in 1985. David has over 35 years of extensive experience as a lawyer in residential and commercial real estate transactions, commercial leasing, corporate and commercial transactions, and private and institutional lending. His client base includes individuals, business entrepreneurs, developers, financial institutions, brokerages, and real estate investment trusts.
David takes an amiable and dedicated approach to practicing law. His focus is on providing his clients with the highest levels of legal service. Clients love working with David, as he always works hard in their best interests with a smile on his face. David’s sports background and leadership skills are highly influential on the growth and success of Kormans LLP as he truly believes in fostering the Kormans LLP environment as both a family and a team!
When David isn’t closing real estate and corporate transactions, David is an avid runner, hiker and sports enthusiast. However, what David enjoys most is spending quality time with his wife, kids, grandkids and friends at home, at the cottage, and on travels.
David is a frequent blogger, as well as a lecturer and panel member at seminars, webinars and workshops for real estate agents, mortgage brokers and home buyers. Please make sure to catch “David & David on Real Estate” – David’s featured Podcast which can be heard on RadioPublic, Spotify, Breaker, Anchor and Google Podcasts, and can be viewed on the Kormans LLP YouTube channel!
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Discover how Limited Liability Partnerships (LLPs) in Ontario protect professionals like lawyers, accountants, and architects while allowing collaboration, resource-sharing, and individual liability protection.
In this blog post, we will cover in further detail some of the other key items that are important to consider when accepting HST indemnity from the Buyer for the HST self-remittance.
There is an all-too-common misconception by some Buyers and even by some Buyers’ professional, licenced realtors that the time period for the delivery of a Deposit pursuant to a resale Agreement of Purchase and Sale (APS) effectively provides the Buyer with a cooling-off period. The mistaken belief is that the Buyer has until the time and date specified in the APS for the delivery of the Deposit to have Buyer’s remorse for whatever reason and therefore elect to terminate the APS by not delivering the Deposit.
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