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Real Estate Tip: Do Not Travel Right Before Your Home Closing!
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Jonathan A. Hacohen
June 29, 2023
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For all the years that I have been a real estate lawyer, there is one item in real estate closings that baffles me over and over again. For some strange reason—people enter into contracts to purchase or sell real estate—and then choose to travel before their closing date!
At Kormans LLP, we are paperless and sign up our clients virtually. This certainly makes the real estate closing process easier, especially when one or more of our clients happen to be abroad before their closing date. However, we still recommend that clients should try to stay local for at least the 2-week period prior to their closing date!
Issues that can come up before closing include:
And the list goes on and on. The bottom line? When you sign an agreement to buy and/or sell real estate, stay locally prior to the closing date. Make sure your transaction is completed, and from there, travel until your heart is content. Closing a real estate transaction can be a source of worry for many people on its own. Don’t add to your stress by being away before your closing!
When you are ready to complete a real estate transaction, please reach out to our firm anytime by contacting us at info@kormans.ca. We would be pleased to connect you with one of our real estate lawyers to go over your transaction and work with you to complete your closing!
Jonathan (aka “The Chosen Lawyer”) was called to the Ontario Bar in 2002, graduated from Osgoode Hall Law School in 2001 and completed his Bachelor of Business Administration at The Schulich School of Business (York University) in 1998. In addition to being a Partner at Kormans LLP, Jonathan’s journey in law started as an Associate with a large Bay Street law firm, as well as enjoying a secondment working in-house at Tim Hortons (TDL Group) for almost a year!
Jonathan was an Instructor with OREA, teaching the Real Property Law course to future realtors in Ontario. The Chosen Lawyer is a sought-after lecturer at seminars, team meetings and conferences—often speaking to groups including realtors and mortgage brokers on a variety of legal topics including real estate, corporate/commercial and wills/estates law. He also speaks on non-legal topics including Organization, Productivity, Motivation, Work/Life Balance and Mindfulness. Jonathan adopts a zen-like approach to the practice of law and shares his real-life experience with others in order to help them achieve success and happiness! In order to book The Chosen Lawyer for your next session, please email Jonathan at info@kormans.ca
Before entering the legal field, Jonathan chose to study business as he envisioned having a background in all aspects of business (including accounting, economics, finance, marketing and HR) would prove to be very useful as a lawyer—in understanding and communicating with business clients on their respective businesses and industries. Jonathan has a diverse client base, including many first-time home purchasers, residential clients (purchases, sales, refinances, assignment transactions), corporate/commercial clients (real estate transactions, leases, incorporations, shareholder agreements), as well as assisting clients with preparing wills and powers of attorney.
When he is not in the office or in front of a computer, Jonathan can either be found in the gym, boxing ring, learning a new recipe in the kitchen or on a yoga mat. Jonathan has competed with UFE (Ultimate Fitness Events) and is a double medal winner in the physique category! Jonathan is also an avid animal lover and can usually be found with his trusted pal Ollie (Shih-tzu dog) by his side.
Don’t forget to watch episodes of Podcasts/Docuseries hosted by Jonathan “The Chosen Lawyer”TM on the Kormans LLP YouTube channel or listen to it across all podcast players, including Apple Podcasts and Spotify!
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