Why should I hire a real estate lawyer?
Each party (the vendor and the purchaser) to a real estate transaction needs a separate, independent real estate lawyer in order to close a real estate transaction in Ontario.
In addition, you will have questions with regard to what your legal rights are and what the best way is for you to proceed with the buying and/or selling of the property. Not only will hiring a real estate lawyer relieve stress that comes along with the legal transaction, but they will also ensure that you are fully aware of the implications of your actions and aware of what you are entitled to.
A real estate lawyer serves a number of roles in the legal process of obtaining and selling a property:
- Help you prepare the purchase contact;
- Ensure that you understand the purchase contact;
- Prepare and register all other legal documents;
- Negotiating terms and conditions on your behalf; and,
- Review contracts prior to the closing.
A real estate lawyer should be involved in the process as soon as possible, so that he or she can begin to start working to protect your interests. It is suggested, however not mandatory, that you obtain a lawyer before you sign any agreements with real estate agents.
It is important that you hire a real estate lawyer that is knowledgeable and experienced in real estate law.
For inquiries about hiring a real estate lawyer throughout Toronto, Richmond Hill, Thornhill, Maple, Concord, Markham, Vaughan and Aurora, contact our experienced real estate lawyers at Krol & Krol at 905.707.3370.
