So, you have found your dream home finally. Just a day left for closing, and the key is yours. But, what if you face the usual closing drama like other buyers do during home buying in Edmonton? Well, it’s not impossible! No matter how much you try to ensure the home-buying process goes smoothly, mishaps can happen in the closing process, like discovering hidden linens or transaction issues.
That’s why it’s crucial to have a legal guardian angel by your side to protect your investment- Real Estate Lawyers. These experts can actually save your day and make your home buying a breeze! See how.
What Real Estate Lawyers Do in Buying a Home in Edmonton?
When it comes to a home purchase, a team of experts gets involved, from real estate agents to home title inspectors. But, everyone forgets the unconventional house-buying hack- Hiring an Alberta real estate lawyer! This professional plays a crucial role throughout the home purchase procedure, not just in the closing part. Let’s see what exactly this legal guardian does!
First, understand that a real estate lawyer and a real estate agent are different and play different roles in this home-buying process. Many buyers misunderstood this fact! Real estate agents will assist you in buying and selling a property in Edmonton, Alberta, and even find your dream home through market research and viewing arrangements. Also, these experts negotiate with the seller while working with real estate lawyers during the closing.
On the other hand, real estate lawyers take care of the ownership transfer in the home-buying process at the time of closing. Also, these legal professionals ensure a clear property title for the home you are investing in. In fact, there are more routine tasks they can do on your behalf once you are committed to the purchase. Such as:
#1: Reviewing property title-
Even after a thorough home title inspection, hidden linens or endorsements are discovered during the closing process. In fact, unseen heirs show up sometimes claiming their rights to the property. To avoid such complications, real estate lawyers review the property title agreement throughout to ensure it is transferable without any such hassles.
#2: Guiding buyers to sign legal documents-
In the home buying process, buyers have to sign the home title transfer documents to close the deal. Real estate lawyers ensure the paperwork is legal and relevant to the property agreements without any catch, which can turn into legal issues down the road.
#3: Checking the purchase and sale agreement-
As mentioned, issues before the closing date are no surprise! A real estate lawyer carefully reviews the buying and selling contract to ensure there are no hidden linens while informing the buyers about the obligations required to follow.
#4: Assist real estate agents with negotiations-
It’s important to negotiate the deal with other parties in case procedural and legal issues show up before the closing. A real estate attorney can help estate agents in this case to ensure a smooth closing process.
In Conclusion
We hope you understand why you need to hire a real estate lawyer for house purchases. Although this legal expert gets involved in the home-buying procedure later, we recommend partnering before signing the purchase and sale contract to review the agreement ahead.
Just make sure you partner with the best real estate law firm in Edmonton like us! At Peter B Mason Professional Corporation Real Estate Lawyers, we have a certified and trusted team of top real estate lawyers to assist you with every step of the home-buying process and ensure a simple transaction. We charge no hourly fees! You will get transparent flat rates.
Contact us now!