Why Do You Need A Real Estate Lawyer


As the Windsor real estate market begins moving towards stability with the Bank of Canada appearing to to be done with rate hikes, many of those people who could not previously buy a home, will return the market. After the search through houses for sale in Windsor, after all the offers, you finally hear the words you have been dreaming of, the offer is accepted. One of the key steps after acceptance is to secure a lawyer to help complete the transaction. But what exactly do they do and what services are you paying for. Let's take a look at what they are doing to help you close and get your keys!


What does a real estate lawyer do?

First and foremost, don’t be alarmed. A real estate lawyer is there to offer both legal advice and peace of mind as you complete your home purchase. They are there to handle the final paperwork and to protect your money and your interests until the keys are yours. How do they do this? Here are some of the important tasks that your lawyer is going to do for you.

  • Check whether there are charges or liens against the property;
  • Make sure that property taxes are paid to date by the seller;
  • Arrange for title insurance, which insures you against any defects of title to the property;
  • Ensure you have a valid title when the property closes;
  • Calculate the amount of land transfer tax due on closing;
  • Close the transaction and ensure all conditions — both legal and financial — are met;
  • Exchange legal documents and keys with the seller’s lawyer.

There job is to make sure all of the above items are completed and taken care of in order to ensure the smooth transfer of ownership and to make sure your interests are protected through the legal portion of the transaction. 

Here at Jump Realty our agents will give you honest advice on what course of action is best for you in their professional opinion and will always put taking care of your best interests first! With offices in Windsor, Tecumseh, Kingsville, LaSalle, Harrow, Chatham, and Leamington, no matter where you are, a Jump agent is ready to help. Please contact us for any housing needs and let us give you a better real estate experience!




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