Buying or selling a home involves several steps that may be overwhelming, especially for those who are unfamiliar with real estate law. As a result, the help of an experienced real estate lawyer is invaluable as they are versed in the intricacies of the law governing residential transactions. From reviewing contracts to closing processes, they help both buyers and sellers achieve their goals.
Why Should You Hire a Real Estate Lawyer?
When buying or selling a home, it’s crucial that there is a secure, lawful, and smooth transfer of ownership. Proper execution of the sale saves time and money for both parties. It also prevents them from running into trouble with the law.
In the world of real estate, lawyers play a crucial role in ensuring that all contacts are executed by the law.
Contract Drafting and Review
The most crucial role of a real estate lawyer is drafting and reviewing contracts. Both parties in a real estate transaction must sign a sales agreement. This agreement outlines all the details of the sale. Your real estate lawyer will ensure the language is precise and the terms are fair, protecting your interests.
Dispute Resolution
Real estate transactions can sometimes involve disputes, whether over details in the sales agreement or issues that arise after a title search. Real estate lawyers act as mediators who negotiate on behalf of their clients. If you have a dispute, your lawyer can help you negotiate with the other party. If an amicable solution is impossible, your lawyer can represent you in court.
Due Diligence
In real estate transactions, due diligence involves carefully checking the property’s history, compliance with local zoning rules and building regulations, and that there are no liens against the property title. It is a crucial part of any real estate transaction. By doing these due diligence checks, your lawyer can help you avoid unforeseen complications.
Title Transfer
A title transfer is the process by which property ownership passes from one person to another. A real estate lawyer ensures that the property title is clear of encumbrances that could jeopardize your right to the property. They also ensure the required paperwork is filed with the relevant regulatory bodies.
Buying or Selling a Home? One80 Law Group Can Guide You!
Buying or selling a home can be an exciting experience. It can also be frustrating without legal guidance. Our team at One80 Law Group possess the relevant knowledge and experience you’ll need to help make the process seamless.
Whether you are a buyer or a seller, we offer a full range of services to help you achieve your real estate goals.
We understand that you lead a busy life and may not have the time to visit an office to sign documents or meet with your lawyer. For this reason, our virtual firm offers services to fit your busy schedule.
If you’re buying a home in Alberta, British Columbia or Ontario fill out our contact form today to schedule a consultation with our experienced real estate lawyer. Let us provide the help and guidance you need to complete your residential transactions.