Buying a house is not as simple as swiping your credit card and walking away with your new property. Real estate purchases are complicated legal transactions that are subject to federal, state, and local regulations.
Seeing as buying a home is one of the most expensive purchases that anyone can make in their lifetime, it certainly doesn’t hurt to seek expert advice.
To that end, let’s walk you through some of the most compelling reasons why hiring a Mississauga real estate lawyer is a good idea when buying a home in Canada.
What Does a Real Estate Lawyer Do?
A real estate lawyer is exactly as they sound — a lawyer who specializes in real estate transactions. They are intimately familiar with all aspects of the home-buying process and can represent your interests as a buyer.
There are lots of legal documents involved when purchasing real estate. A lawyer can help make sure that due process is followed, ensuring that every “i” is dotted and every “t” crossed. But it goes beyond that.
Generally speaking, here’s what our real estate lawyer in Mississauga can do for you when buying a home:
Review and interpretation of the purchase agreement
Because of the intricacies involved, a purchase agreement could end up being super complex and cause unnecessary stress. A real estate lawyer can help you understand the terms and conditions of the purchase agreement, and make sure that it is in your best interests.
Closing is the process of the seller handing ownership of the property to the buyer. There’s usually a long checklist involved and each one must be checked off before you get the keys to your new home. A real estate lawyer can assist you with the closing procedures, including transferring the title and registering the transfer of ownership.
The last thing you want is to buy a home only to find out that there are some issues with it, such as claims listed against the property or unpaid taxes. A real estate lawyer can help you perform due diligence on the property, such as reviewing title searches and surveys, to ensure that there are no hidden liens or other issues that could impact the value of the property.
A real estate lawyer can provide you with legal advice on any questions or concerns you may have about the purchase, such as title insurance, zoning restrictions, or building code compliance.
Protecting your rights
A real estate lawyer can help you protect your rights during the purchasing process and ensure that you are fully aware of your rights and obligations.
Even if you manage to go through the home purchase process without a lawyer, you’ll still need one to register the transfer of property with your province’s land registry office. Every province has different regulations so having a real estate lawyer is necessary to ensure the property is duly registered in line with current regulations.
Atlas Law Group is Your Trusted Real Estate Law Firm in Mississauga
At Atlas Law Group, we’re all about making your business transactions simpler. Based in Mississauga, ON, our team specializes in real estate, immigration, and litigation. With us, you can enjoy peace of mind knowing that your home-buying process is being handled by astute professionals with several years of experience handling real estate deals.
We’re not your typical corporate law firm requiring you to visit our office every time you need our services. In fact, most of our clients need only come into the office once while subsequent correspondences are handled digitally.
We would love to hear from you, get in touch!
Looking to buy a home in Canada? Let our real estate lawyers in Mississauga help make it a seamless experience from start to closing. Call us today at +1 905-502-8786 or fill out our contact form to set up a quick appointment.