Understanding Real Estate Law
Real estate is a distinct area that requires an understanding of the common law, contracts, tax, and other nuances. A big part of this area is delineating who has an interest in the subject property.
If you are on the purchasing side, investigation of title to a property through a deed, or parcel register, is a complex task. A thorough investigation of title by an experienced real estate practitioner will identify risks and help establish your legal entitlement to the property.
Similarly, on the sale side, an agreement of purchase and sale requires that a seller delivers free and clear title to the buyer on title. Your lawyer will work alongside you to ensure that any mortgages, liens, lines of credit, or other similar encumbrances are discharged before closing.
How to Choose the Right Real Estate Lawyer in Barrie
Choosing the right real estate lawyer is crucial in ensuring that your transaction proceeds smoothly and closes without any difficulty. Firstly, real estate law is complex and has many unique considerations, so choosing a practitioner with the requisite knowledge is a must. However, choosing a lawyer that is attentive to the needs and concerns of their clients can be equally important.
At HGR Graham Partners LLP, not only do we have the knowledge and resources required to facilitate your real estate transaction, but our customer service is second to none. We provide our clients with clear steps and work alongside them to ensure their real estate matter is as straightforward as possible. Equally, we are readily available to assist our clients with any questions or complications that might arise throughout the process.
From Offer to Closing: The Role of a Real Estate Lawyer in Transactions
Often, much of the work completed by a real estate lawyer takes place behind the scenes once an offer has been signed. While your real estate lawyer’s involvement will vary depending on your circumstances, here’s generally what their role looks like from offer to closing.
Whether buying or selling, your lawyer’s involvement can begin at the outset. If the deal is private, they will assist in drafting and negotiating the agreement. If not, it is always recommended that a lawyer be involved in reviewing your agreement prior to it being signed. Your lawyer or their administrative staff will also conduct an intake – gathering your personal information as well as the details of the transaction to understand the full scope of services needing to be provided.
Once retained, your lawyer will assist in ensuring the conditions of the agreement of purchase and sale are satisfied and that you are in a position to close the transaction on time. On the purchase side the lawyer will conduct a title search and work towards providing their client with free and clear title. Other duties can include assisting with financing/discharges, paying creditors, facilitating title insurance, negotiating extensions if necessary, etc.
On closing, there is a specific order of operation which your lawyer follows. The bottom line is that the keys to your property are not to be released until all deliverables are exchanged, and they are in receipt of the proceeds of sale. Your lawyer will also be responsible for signing and or registering the transfer of title, any mortgages, discharges thereof, or other items specific to your circumstances. Enlisting the assistance of a lawyer who is well versed with all of these particularities is crucial in ensuring a successful transaction.
Why Clients Trust Our Barrie Real Estate Lawyers
Our clients choose HGR Graham Partners LLP for a multitude of reasons. As a leading full service law firm in the area of Simcoe County and beyond for several decades, we strive to provide the highest quality legal services in all our fields of practice. We pride ourselves in our work product that can only be achieved through experience, attention to detail, and a talented team.
Equally as important is our customer service. Whether it be a simple quote for fees or a complex legal matter, our legal team aims to provide you with the answers to your questions. It is a central objective of ours to demystify your legal matters and the work that comes along with them. We work to address the concerns of our clients and assist them through their legal matters in an efficient and fulsome manner.
Contact Our Real Estate Lawyers in Barrie to Discuss Your Case
For any real estate law related matters or questions, we encourage you to reach out to one of our lawyers at HGR Graham Partners LLP. Whether via phone call or email, any member of our team would be happy to assist.
