Real Estate Law | Purchase And Sale
Are you looking for help with real estate law or a sale or purchase? We have real estate lawyers in Vancouver and Toronto.
The real estate lawyers in Ontario can service the entire province. They work remotely with clients in small towns across the province. They speak with their clients via email, phone, and video conferencing. The lawyers have an online portal where you can upload all your documents.
Many people in small towns don’t have a good lawyer nearby. Hiring an expert lawyer in Toronto seems very appealing to them. When dealing with real estate, there is a lot of money on the table. Don’t make a mistake. A small mistake can cost you tens of thousands of dollars.
If you need to book a meeting with a real estate lawyer, please do one of the following:
- Call us toll-free at 844-466-6LAW (529)
- Book a time online using our easy to use booking system
Real Estate Lawyer | Real Estate Transactions
Most real estate lawyers work on flat fees. It normally costs around $1000-1200 to deal with all your legal needs. Transferring a property to another person is far more complicated than most people think. If both parties have a mortgage, it’s even more complicated. The real estate lawyer also needs to make sure that there is nothing wrong with the property. Sometimes properties have judgments against them. Let’s say there is a $30,000 charge against the property and you buy it. If the seller accepts your offer, this debt will now belong to you.
Real estate law normally has tight timelines. Therefore, it’s important to give the lawyer as much time as possible to get everything done correctly. Don’t leave things to the last minute. It’s important to know the possession dates and have everything ready to go by then. Buying a home is not as stressful as family law, but it can still be complex in other ways.
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Purchasing a property
Commercial real estate is more complicated than residential properties.
Selling a Property
Our lawyers offer legal services for purchase and sale agreements.
Real Estate Law | Frequently asked Questions
Do I need a real estate lawyer?
It depends on which province you are in. In Ontario, it’s required to have a lawyer do the transfer. In other provinces, it is simply a good idea.
When to hire a real estate lawyer?
Involve the lawyer as early in the process as you can.
How much will the real estate lawyer cost me?
It depends on the situation. You will ask the lawyer this during the consultation.
The lawyers often first want to find out how is the insurance representative and the mortgage rep. The real estate law firm needs to know who everyone is that is invoved.
Customer Toll-Free:
1-844-466-6529
The title search happens at the land registry office. And these exist all across Canada. There are around 70 registry offices throughout Ontario. Everything is done electronically.
Real Estate Lawyers
The first step is to make sure the seller actually owns the property. It’s very rare that there is a problem. But it does happen from time to time. Fraudsters are attacted to real estate. Sometimes someone dies and is still on title. So even if there is no fraud, there might be something that needs to be changed before the real estate transaction can complete.
The most important things the real estate law firm is looking for is:
- The seller owns the title (and therefore the property)
- What they are selling in the purchase agreement they have the rights to sell (checking the property survey)
- That the real estate agents put the right information in the agreement
- The lawyer then sends a summary to their client to make sure that everything sounds right
- Are there easements? Which means other people (like the public) can use part of your property
Real Estate Law Lawyers Services
- real estate transaction
- buying a home
- contract of purchase
- getting out of the deal after a home inspection
- completing the purchase
- completing a title search
- refinancing mortgages after interest rates changes
- moving around possession dates
- dealing with dishonest real estate agents
- completing an estate purchase
Customer Toll-Free:
1-844-466-6529
Real Estate Law | BC & Ontario
Sometimes your property will have an easement on it. It’s important that you know this before buying the property. Telus might have an easement from the government to come onto any property. This will probably be to do work on the phone lines. The company that manages your electricity will also be able to come onto the property to make improvements on your electrical lines.
You need to be aware of where the easements on your property are. They are not usually a problem, but they can be if you don’t understand what you are signing up for. Normally they operate on the sides of your properties, not in your house. Also, if you want to build a pool, you need to make sure it doesn’t interfere with the easement.
Real estate law lawyers need to get involved before the deal is set in stone. It’s better to speak to a lawyer while the deal is still conditional. If your lawyer wants to change something, it’s going to be hard once the deal is set. Further, the other side will have to agree to “re-open” the agreement. Therefore, it’s important to engage the lawyer as soon as possible.
Read more about real estate law: Selling Or Buying A Home
Home Purchase | Real Estate Law
When the deal is conditional, if your lawyer finds something bad, you have two options. Firstly, you can try to address the problem with the seller. If the purchase price needs to be adjusted, you can put in your request. If the seller agrees, then everything is fine. Secondly, if the seller is no willing to re-negotiate, you can simply walk away. If you have thirty days to close the property and 5 days to remove subjects, give your lawyer time. Further, don’t start speaking to a lawyer five days before the subjects must be removed.
The real estate agents should give the lawyer a few weeks before closing to get all the work done. And again, it’s better if the deal is still conditional while they search the title and property. However, this very rarely happens.
Real Estate Law | Possession Dates
In conclusion, lawyers are available to make sure things don’t go wrong. Buying a house is not like going to the mall to buy some shoes. Most shoes don’t cost $500,000. It’s important that you take things seriously and do things correct. Further, it’s important to make sure your real estate agent, mortgage broker, and real estate lawyer work together. They all need to be on the same page and have the same information. This will reduce the chance of things going wrong.
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