FIRST-TIME HOME BUYER
First-Time Home Buyer
Buying your first home involves unfamiliar documents, deadlines, and closing arrangements. Maki Law provides practical legal guidance so you understand what needs to happen before you receive the keys.
Reviewing your purchase agreement
Provide the complete Agreement of Purchase and Sale and its amendments. We review the legal terms within our retainer and explain conditions, closing obligations, and issues requiring your attention.
Preparing your closing budget
Ask for a transaction-specific breakdown of legal fees, disbursements, adjustments, and applicable taxes. Let us know about your ownership history and circumstances so potential first-time buyer benefits can be assessed rather than assumed.
Understand your offer before committing
For a first purchase, begin with the agreement rather than the moving date. Review the deposit, financing and inspection conditions, included items, completion date, and any promises made about the property. Signing creates obligations that should be understood before a condition is waived or a deadline passes.
What to send for review
Provide every schedule, amendment, and relevant notice. Tell us who will own the home, how the down payment will be funded, and whether a family member is contributing or guaranteeing financing.
Title, insurance, and the property itself
A title search addresses ownership and registered interests such as mortgages or easements. It does not replace a physical inspection or confirm that every planned use is permitted. We explain the title information and discuss title insurance, including the scope and limitations of the policy.
Condominium buyers
If your first home is a condominium, arrange timely review of the complete status certificate package. Corporation finances, rules, parking, and locker rights belong in the review alongside the unit itself.
Budget for the complete closing
The funds required include more than the remaining down payment. Taxes, adjustments, title insurance, registration expenses, legal fees, and lender-related charges may form part of the total. First-time buyer refunds have eligibility requirements and should not be assumed.
Signing and funding
We explain the documents and funds needed for your closing. Keep your lender informed and verify payment instructions directly with our office before sending money.
Before your first purchase becomes firm
Tell us which decisions are still open and what matters most about the property. We can explain the legal issues in the offer, identify missing information, and discuss the steps needed before a condition is waived. An inspection, financing decision, and legal document review each answer different questions.
Documents to prepare
- Complete agreement, schedules, amendments, and condition deadlines
- Intended owners and any family funding or guarantees
- Mortgage commitment and lender or broker contacts
- Status certificate package for a condominium
Let’s discuss your next step
Contact Maki Law for practical guidance on your property transaction or construction matter.
416-991-4775 · contact@maki.law
136A Avenue Rd, Toronto, Ontario M5R 2H6
MAKI LAW
Address
136A Avenue Rd
Toronto, Ontario M5R 2H6
Contact
416-991-4775
Fax: 416-981-3420
contact@maki.law
Service Areas
© 2026 Maki Law Professional Corporation. All rights reserved.
General information only. Contact our office for advice about your circumstances.