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The value of a real estate lawyer

The value of a real estate lawyer

Have you ever wondered why your favourite movie stars always look so good? Or why your local Starbucks is perfectly clean and decorated for the season? The reason is simple; they have a team of professionals behind them who effortlessly make sure every detail is taken care of.

Before you start wondering how this relates to your home buying journey, think about all the professionals you have standing behind you as you search for your dream home. Besides your realtor, you should have a whole team of people helping guide you home, including a real estate lawyer.

Below are just some of the things your lawyer will take care of for you as a new homebuyer:

• Review the Agreement of Purchase and all other legal documents.

• Ensure there are no claims listed against the property.

• Ensure you have a valid title upon closing.

• Ensure property taxes are up to date.

• Calculate the property transfer tax due on closing.

• Draw up the mortgage documents.

• Close the transaction and ensure all legal and financial conditions are met.

• Exchange legal documents with the seller’s
lawyer.

Now that you have a better understanding of the job of a real estate lawyer, it’s time to choose one that will best represent you throughout the transaction.

Choosing a real estate lawyer is something your realtor can help you with, as we often work closely with trusted professionals.

I personally have two lawyers on the Sunshine Coast that I work with and highly recommend. Both of their offices go the extra mile and the clients I refer are always grateful and have a positive experience.

Most realtors that have been in the business for a while will have lawyers that they like working with. If you don’t already have a lawyer to help you with a real estate purchase or sale, ask your realtor who they recommend.

Much like a good realtor, a good lawyer is someone you want on your side when buying or selling a home, business or recreational property.

Tony Browton is an award-winning Realtor who lives and works on BC’s Sunshine Coast. 

His weekly blog can be found here http://www.truebluerealty.ca/blog

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