What Does An Ontario Real Estate Lawyer Do?

Dec 13, 2021

Your home buying journey is unique to you. It’s about you making decisions for yourself and your future. It’s about your dreams and your needs! But while it’s all about you, this journey isn’t solitary. To get from Point A to Point B, you need a whole team of people to bring you home. That includes a Real Estate Lawyer.

If you’re thinking of buying a house or condo in Ontario, you’ll need a real estate lawyer to help represent your interests. You need to protect your rights and avoid headaches that could potentially pop up in the future. Having a real estate lawyer helps you stay compliant with all the terms of your agreement and more!

With a Real Estate Lawyer by your side, you can confidently navigate the different areas of buying and selling property. From closing to dealing with title insurance, this is why you need an Ontario real estate lawyer.

 

Real Estate Lawyers Protect Your Interests

Legal jargon, as it is, is complicated to understand. Real estate transaction documents often sound like they don’t want people to understand what they are signing. Real estate lawyers safeguard your interests and ensure that you fully comprehend the stipulations written in the contract. 

There are dangers even when legal documents are involved. Lawyers help ensure that the documents are authentic. They thoroughly read and determine that the contract is in order. If there are changes or agreements that you’d like to be written in, your real estate lawyer can do that on your behalf. 

 

Real Estate Lawyers Assist with all Real Estate Transactions

When you choose experienced Real Estate Lawyers, you get the benefit of someone who is knowledgeable on the nitty-gritty rules and regulations of buying or selling property. You don’t want to be misled, or have to deal with bigger problems down the line. Your real estate lawyer can review the offer you’ve made on a property. They can ensure there are no claims listed against the property and more. 

 

Real Estate Lawyers Assists With Closing

Closing date is one of the most exciting two words in the English language, and it’s also one of the final steps in a property transaction. Once you’ve reached this stage of your real estate journey, that means the ownership of the property has been officially transferred. The property has now gone from seller to buyer. 

This is a crucial part of the transaction process, with good reason. When you sign the final papers and get those keys, you don’t want to encounter any major hiccups. 

On closing day, you can expect your real estate lawyer to handle the financial transactions. They will also create a statement of adjustments, an important document that shows in detail, all the fees involved. You will find the deposit, adjustments, the final amount, closing fees, and more. You need this document to prove that you’ve made the correct payments and complied with all the steps necessary to own the property. 

Closing dates sometimes come with surprise fees! With a real estate lawyer, you can avoid jump scares. Make the day memorable in a positive way with a real estate lawyer handling all the heavy lifting for you. 

 

Role of A Real Estate Lawyer for Buyer Clients in Ontario:

  • Review mortgage documents
  • Review the Purchase Agreement and all other legal documents.
  • Ensure that there are no claims registered against the property.
  • Ensure you have a clear title upon closing.
  • Ensure your property taxes are compliant.
  • Calculate land transfer tax due
  • Close the transaction and guarantee that all legal, as well as financial conditions, have been met.

 

Role of A Real Estate Lawyer for Seller Clients in Ontario:

  • Review the Sale Agreement and verify all legal documents before you sign
  • Handle and Manage Negotiations on your behalf
  • Prepare the Transfer of your property
  • Handle title issues should they occur
  • Close all transactions
  • Ensure all legal, as well as financial conditions, have been met.

 

Choosing a Real Estate Lawyer is something Integris Law can assist you with! Connect with us today to make your Real Estate Journey a happy one.

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