What do real estate lawyers do, and why do I need one?
So, what do real estate lawyers do? In a nutshell, a real estate lawyer provides expertise, handles paperwork, and protects your interests during property transactions.
There are many people involved even in the smallest real estate transaction, you may bee wondering why do you need to pay one more, especially a real estate lawyer. The truth is that you cannot afford NOT to be represented by a real estate lawyer in a purchase or sale transaction, whether you are the buyer or the seller, and there are many reasons why that is the case.
The Advantages of Having a Real Estate Lawyer
There are numerous benefits to hiring a real estate lawyer, but if we had to sum them up in one word, it would be “protection”. Your legal protection in a real estate transaction is crucial.
For example, when buying a property, whether as a first-time buyer or not, there are many legal issues that may go unnoticed without the help of a real estate lawyer. You could find yourself purchasing a misrepresented residential or commercial building with no legal means to defend yourself. Do you know what to do if your property fails an inspection? Or how to review the purchase agreement for unfavorable clauses? These are the kinds of issues a real estate lawyer can assist you with.
When selling your house, a poorly worded purchase and sale agreement could lead to significant liability long after you thought the deal was done. A real estate lawyer can help navigate buyer demands after the offer is firm and mitigate the risk of a last-minute withdrawal.
The Role of a Real Estate Lawyer
Here are the most important roles the real estate lawyer has in the real estate transaction:
- Reviewing and preparing all the necessary documentation.
- Searching the title and managing the transfer of the property.
- Protecting your legal interests in the transaction.
Various paperwork must be prepared and executed when you take part in a real estate transaction. Small mistakes can end up costing you a lot in the long run.
These are just some examples of why a real estate lawyer will make a big difference in how smoothly and safely a real estate transaction may be closed. That’s why you want someone who will stand by your side and have your best interest at heart, exactly the type of lawyer that you can find at Beffa Law.
Do not enter a complicated real estate transaction without having a lawyer with experience representing you. Beffa Law can help you with all your legal needs, if you buy or sell a home, refinance your mortgage, transfer a title, or buy or sell privately. We will be honored to use our expertise to help you.
How to Choose a Real Estate Lawyer
When selecting a lawyer to represent you in a real estate transaction, it’s essential to find someone with experience in the specific market where you plan to buy a property, such as the west of GTA area, including Burlington, Oakville, or Milton. Look for a lawyer who has a track record of handling transactions similar to yours and who can provide guidance throughout the process.
At Beffa Law, we offer extensive experience in real estate transactions and provide comprehensive support from start to finish, ensuring your interests are protected. We prioritize transparency and will clearly outline legal fees, title insurance, land transfer taxes, and other costs associated with your transaction. Our team is committed to addressing all your questions promptly and honestly, handling your case with integrity.
If you require any assistance with your commercial lease, get in touch with us at Beffa Law and we will be able to help you review or draft a contract that protects you. Beffa Law is a real estate law firm serving customers in Greater Toronto Area and beyond. We offer assistance in buying, selling, refinancing along with other practice areas. You can call us at 647.812.8462 email us at info@beffalaw.ca or set up an appointment to discuss your estate questions or concerns.
