Why You Need A Real Estate Lawyer When Buying A Home
Buying a house in Vancouver is one of the biggest decisions and purchases individuals make in their lives. Getting the right advice is crucial as, for many people, this is a huge, once-in-a-lifetime decision that requires a lot of thought and commitment. Having a real estate lawyer that understands the best practices in Vancouver real estate can save home buyers a lot of time while allowing them to make the best decisions based on great legal advice. This allows home buyers to ensure the buying process runs smoothly as they transition into their new role as homeowners.
Why are real estate lawyers’ services required for buying a home?
Real estate lawyers play a crucial part in purchasing a home. The role of a real estate lawyer is to support the home buyer in a way that helps facilitate the home buying process. Here is a list of what our real estate law firm can do for our clients looking to purchase a home.
- Review the Agreement of Purchase and all other legal documents
- Make sure there are no claims registered or on file against the property
- Ensure the buyer obtains secure, unencumbered title
- Draw up mortgage documents if required
- Calculate the land transfer tax due
- Arrange for title insurance
- Exchange legal documents with the seller’s real estate lawyers
Do homebuyers need to hire a real estate lawyer if they are working with a real estate agent?
Real estate agents play a different role from real estate lawyers in buying a home. Real estate agents help people find the type of property they are looking for within their budget. With their connections in the real estate market, real estate agents can make the process of looking for the right home or property run smoothly. Real estate lawyers, on the other hand, prepare and review all the legal documents related to the property buying and selling process. They ensure that there are no legal issues during or after the transaction. In Canada, buyers are required to hire a real estate lawyer to close the deal on a home.
When Is The Best Time To Bring In A Real Estate Lawyer?
Our legal services can be extremely useful before subject removal. During this time, buyers are in the best position to gather all the information necessary to decide on purchasing the home. Morris Law can help you figure out if there is anything wrong with the deal or the home you are planning on purchasing. This can save home buyers a lot of time and money in the future, as well as ensure you are purchasing a home you will love.
Book an appointment with Morris Law
Buying a home is one of the most important decisions you will make in your life; let Morris Law help you make the best decisions and help your buying process run as smoothly as possible. We are available to you at your convenience because we know you have a busy schedule. Contact our Vancouver law firm today to book an appointment!