Why you need a real estate lawyer. When it comes to complex legal documents, it takes a pro to decode the legalese and ensure that the letter of the law is working to protect you and your finances. And when it comes to real estate transactions, there are plenty of those complex legal documents to sift through. You’re going to need a real estate lawyer.
After all, buying a home requires a large investment;
it involves numerous people, service providers, multiple levels of government, and stacks of paperwork. Mistakes or malfeasance can be costly. Your real estate lawyer will ensure that every part of the process is done according to the law, and that every legal document you sign is prepared with your best interests in mind.
Services your legal professional provides for home buyers
Your real estate lawyer will take on a long list of duties. Many of those duties are encapsulated in the term “conveyancing”: the process of transferring a property from one person to another.
Here are a few of the typical areas where a legal professional can help:
• Reviewing the agreement of purchase and sale
• Property title search
• Title insurance
• Fire insurance
• Building and zone compliance search
• Ensuring utility and property taxes are up to date
• Reviewing the mortgage agreement
• Calculating the amount owed for land transfer tax.
• Ensuring all requirements for the closing are met.
For more information... http://www.royallepage.ca/en/realestateguide/buying/offer/hiring-lawyer.aspx .