Buying or selling a home is one of the biggest financial decisions you’ll ever make—and it comes with a lot of legal paperwork. At Bell, Jacoe & Company, we’ve seen firsthand how easy it is for buyers and sellers in British Columbia to make avoidable legal mistakes that can lead to delays, disputes, or unexpected costs. Here are five of the most common missteps:
1. Skipping a Title Search
Failing to review the property’s title can result in unwanted surprises—like liens, easements, or zoning issues. A title search ensures you know exactly what you’re buying or selling.
2. Not Understanding Contract Terms
Real estate contracts in BC can be complex. Misunderstanding terms or conditions can leave you legally vulnerable. Always have a real estate lawyer review the contract before signing.
3. Missing Important Deadlines
Deadlines for subjects, deposits, or closing dates are critical. Missing one could cause a deal to fall through—or worse, result in legal action.
4. Inadequate Property Disclosure
Sellers are legally required to disclose known issues. Failing to do so can result in lawsuits after the sale.
5. DIY Legal Work
Trying to handle the legal side of a real estate transaction without professional help can be risky. Every deal is unique, and an experienced real estate lawyer can help protect your investment.
