A home is likely the most significant and expensive purchase a person will make in their lifetime. It is both a short-term decision for where to live, as well as a long-term decision for investment purposes.
There’s a lot of money on the line, and this is why it is so important to ensure all your decisions and financial transactions are protected by a credible representative who understands and abides by the necessary rules. Real estate lawyers offer a multitude of services that aid their clients in purchasing or selling a home, taking the legal matters related to the purchase or sale completely off your hands. Because let’s face it – legal jargon can be a tough field to navigate, and making a mistake can be easy, yet costly.
Real estate lawyers can serve a number of purposes for their clients. This includes reviewing all legal documents, including the Agreement of Purchase or Agreement of Sale and, in the case of a condo purchase, the Status Certificate. Real estate lawyers ensure property taxes are up-to-date and no claims are listed against the property. They also confirm if there is a valid title and calculate the land transfer tax that is due upon closing.
Should you have questions about legal requirements please contact me, if I can't answer your question I shall refer you to one of our local lawyers below.