When you are buying or selling a home, you will likely need to hire a real estate lawyer to help you with the transaction. Real estate lawyers Calgary can help you with a variety of different tasks, from reviewing and negotiating your purchase or sale contract to handling the closing paperwork.
Some real estate lawyers will also handle other aspects of your transaction, such as working with the title company to make sure there are no title defects on the property you are buying or helping you to obtain financing for your purchase. Here is a look at some of the different types of services a real estate lawyer can provide:
1. Review and Negotiate Your Purchase or Sale Contract:
One of the most important services a lawyer Calgary real estate can provide is reviewing and negotiating your purchase or sale contract. This contract is a legally binding document that outlines the terms of your transaction, so it is important that you understand all of the provisions before you sign it.
Your lawyer can review the contract with you to answer any questions you have and to point out any provisions that may be unfavorable to you. In addition, your lawyer can negotiate with the other party to try to modify any of the terms that you are not happy with.
2. Handle the Closing Paperwork:
Another service that a real estate lawyer can provide is handling the closing paperwork. This includes preparing and reviewing the deed, mortgage, and other documents that need to be signed at closing.
Your lawyer can make sure that all of the documents are properly executed and that your rights and interests are fully protected. In addition, your lawyer can hold the deed and other documents in escrow until closing.
3. Work with the Title Company:
If you are buying a home, your lawyer will also need to work with the title company to make sure there are no title defects on the property. Title defects can include things like outstanding liens or encumbrances on the property that could make it difficult for you to sell the property in the future.
Your lawyer will work with the title company to make sure that the title is clear and that you will be able to take ownership of the property free and clear of any defects.
4. Obtain Financing for Your Purchase:
If you are financing your home purchase, your lawyer can also help you to obtain financing. Your lawyer can work with your lender to draft and review the loan documents.
In addition, your lawyer can help you to negotiate the terms of your loan, such as the interest rate and the repayment schedule. Your lawyer can also help you to understand the implications of taking out a mortgage and can advise you on whether or not it is the best option for you.
5. Handle Post-Closing Issues:
After your home purchase or sale has been completed, you may still need to hire a real estate lawyer to help you with post-closing issues. For example, if you have problems with your lender or your title company, your lawyer can help you to resolve those issues.
In addition, if you need to file a lawsuit to enforce the terms of your contract or to recover damages, your lawyer can represent you in court.
Contact a Real Estate Lawyer Today!
If you are buying or selling a home, look for the best real estate lawyer near me today to learn more about the services they can provide. A real estate lawyer can help you to understand and protect your rights and interests throughout the transaction.
