Buying or selling a property is an exciting yet stressful journey. Unfortunately, issues can arise that complicate the process, making it essential to seek professional help early on.

1. Failed Closings

The Situation: A transaction has fallen through for unexpected reasons.

• • • • Sellers – it’s essential to take proactive steps to minimize further losses, such as reviewing the contract and communicating with potential buyers to explore alternative solutions.
      • Buyers – understanding your options regarding the return of deposits and minimizing fallout is crucial.

How Simply Legal Can Help: We are committed to exploring all available options and helping both parties reach a common solution quickly. Our goal is to save you both time and legal expenses, ensuring a streamlined resolution.

2. Property Defects

The Situation: After your closing, you discovered problems with your property. Whether it’s a newly built home or a resale, issues may arise due to inadequate disclosures or insufficient due diligence.

How Simply Legal Can Help: We can assist you in identifying fault and seeking fair compensation for any damages incurred as a result. Our focus is on calculating the losses from the transaction, including out-of-pocket expenses and ongoing costs. We work diligently to bring about amicable solutions quickly, ensuring you can move forward with confidence.

3. Misrepresentations

The Situation: You’ve been misled about the condition or features of a property, and the financial and emotional impact feels overwhelming.

How Simply Legal Can Help: We’ll take action to rectify the situation, whether it means negotiating with the seller or pursuing legal remedies.

4. Realtor Negligence

The Situation: You’ve hired a realtor for your real estate transaction and believe their service is not aligned with the professional standards required by RECO and/or TRREB. Some common situations include:

• • • • Failure to Disclose Material Facts—such as structural issues or zoning changes, can lead to costly surprises down the line.
      • Inaccurate Pricing—whether through overpricing or underpricing, an inaccurate price can result in financial losses for sellers or missed opportunities for buyers.
      • Poor Communication—this can cause frustration as agents may fail to relay important offers or counteroffers, derailing negotiations.
      • Conflicts of Interest—where a realtor fails to act in the best interest of their client, conflicts of interest may arise. Consequences include financial compensation for damages and potential disciplinary action from regulatory authorities such as RECO, who may impose fines or propose to revoke licensing.

How Simply Legal Can Help: If you’ve experienced realtor negligence, it’s crucial to seek legal advice to explore your options, protect your interests and pursue fair compensation.