5 Ways to Protect Yourself in a Real Estate Transaction
Buying or selling a home isn’t just a milestone — it’s a major financial commitment. And while the excitement can take over quickly, small oversights can lead to big, expensive problems later. Whether you’re preparing to list or about to make an offer, a few extra steps can save you from unnecessary stress and surprises.
Here are five simple but crucial ways to protect yourself during a real estate transaction.
1. Check the Title Before You Jump In
Before listing your property — or before buying one — take the time to review the title. This quick check shows whether there are any mortgages, liens, or outstanding debts (like unpaid property taxes or CRA claims) attached to the home.
Sellers often find out too late that there isn’t enough equity to clear their mortgage or other obligations once the sale closes. Getting an updated mortgage statement and a title search early ensures there are no surprises when the deal reaches the lawyer’s desk.
A few minutes of due diligence now can save you from legal trouble and financial stress later.
2. Get the Full Story on Rentals
If something in the home is rented — think hot water tanks, furnaces, or air conditioners — confirm exactly what that agreement looks like.
It’s not enough to simply list the rental cost in the purchase agreement. You need to confirm that the contract can actually be transferred to the buyer. Some rental companies won’t allow a transfer, forcing the seller to pay out the remainder.
Buyers should make sure the offer clearly says they’ll sign any paperwork needed to take over the rental before closing. That way, no one is left paying for equipment they don’t even own anymore.
3. Match the MLS Listing to the Contract — Line by Line
This one’s easy to miss but can cause real headaches: always confirm that the details in the Agreement of Purchase and Sale (APS) match what’s written on the MLS listing.
Double-check inclusions and exclusions — especially parking spots, lockers, storage units, or appliances. What’s written on MLS isn’t legally binding unless it’s also in the contract.
While you’re at it, make sure the agreement also specifies the number of keys, remotes, fobs, and mailbox keys that must be provided. Condo buyers, in particular, often need to arrange for new fobs through management, and that can take time or a deposit. Clear expectations up front mean fewer surprises on closing day.
4. Stay Engaged Until the Very End
Once your offer is accepted, don’t disappear until closing. Real estate deals have a lot of moving pieces — deposits, conditions, repairs, paperwork — and things can fall through the cracks if you’re not paying attention.
If the seller agreed to fix something, follow up before your final walkthrough. Don’t wait until closing day to discover it’s still broken. Take photos, get estimates, and communicate through your agent to make sure everything’s handled properly.
Being proactive throughout the process protects your money, your peace of mind, and your property.
5. Ask Questions — Even the Small Ones
Real estate contracts are detailed for a reason. If something doesn’t make sense, or if you’re unsure about a clause, speak up.
Whether it’s about HST, zoning rules, condo status certificates, or income suite legality, asking early can prevent major legal or tax issues later. Don’t hesitate to have your lawyer review the agreement before you sign. It’s a small investment that can protect you from big costs — and big regrets — down the road.
The Takeaway
Buying or selling a home should be exciting, not overwhelming. With the right preparation and attention to detail, you can close confidently, knowing everything checks out.
At The Zadegan Group, we’re big believers in transparency and diligence. Our team works closely with trusted professionals to make sure every transaction runs smoothly — from first showing to key handoff.
Because in real estate, protecting your interests isn’t just smart — it’s essential.
