In an ideal world, buying property in Canada would be as simple as swiping your credit card and moving into your new home. However, the reality is that buying real estate comes with a whole host of complex and strictly controlled legal transactions and a mountain of paperwork.
With a real estate lawyer by your side, you can breeze through the various processes involved in closing on your new home and look forward to moving in with far fewer delays and potential problems than if you were to go at it alone.
If you’re considering purchasing a new property in Alberta but would like to avoid the complexities involved, here are four ways in which a real estate lawyer in Alberta can simplify the entire process:
- By helping with research and negotiations
If you spot a property in the Alberta real estate market that you would like to buy, having a real estate lawyer assess it for you first can be incredibly helpful. Oftentimes, the information about a marketed property is not entirely accurate and, without an experienced lawyer to guide you, you could end up negotiating on a property that isn’t what you had hoped for. And, on the topic of negotiations, an experienced lawyer can propose adjustments on your behalf to ensure that your interests are protected.
- By guiding you through the closing process
The seller’s ownership of the property must be established before any purchasing contracts can be signed and a real estate lawyer can perform the necessary checks. They can also provide invaluable legal assistance when dealing with the many different elements of the closing process, such as obtaining a mortgage, title insurance, and the all-important final inspection.
With an experienced real estate lawyer at your side, you can have the closing agreements professionally and legally reviewed, updated, and prepared, helping to protect your investment.
- By assisting with any unexpected issues
Rarely does buying a home in Canada go without any kind of hitch, even if it’s just a small one. By working with a real estate lawyer, you can ensure that all contracts are carefully considered with your specific circumstances in mind. Should any concerns surrounding the contract develop throughout the process, you will have their professional guidance to navigate any factors that could complicate the purchase agreement. It’s also highly likely that buyers will come across certain terminology during the process that they don’t understand, but which could impact the acquisition. A real estate lawyer will be able to explain all jargon and make sure that all of your requirements are properly conveyed, represented, and accurately documented at all times.
- By giving you peace of mind
It is not unusual for something to go wrong when buying a home in Alberta and, when going through the process alone, it can be a confusing – and for many – frightening time. By having experienced lawyer legal guidance available to you as and when you need it, you can ensure that even if something does go wrong your interests are protected and that your options are laid out clearly.
For many Canadians, the process of buying a property is not as straightforward as they would like it to be. Those who don’t seek experienced legal counsel from the outset often go on to regret their decision, particularly if they end up losing out on a property because of complications they simply didn’t have the experience or knowledge to deal with.
Ease the woes typically associated with purchasing a property in Canada by working with a real estate lawyer in your locality. Happy buying!
