fbpx
The Gray Team Ucluelet Real Estate
Call Us
Text Us
MENU

Legal Needs in Real Estate

Starfish The Gray Team Ucluelet Real Estate

Foreword

Purchasing a home involves a lot of paperwork, most of which are contractual documents that will legally bind you to the numerous terms and conditions. For this reason, it is important to have a good lawyer or notary public acting for you; someone to protect your rights and interests.

Finding a Lawyer/Notary Public

If you don’t have a lawyer or notary public, you can look for a referral from friends, family or business acquaintances. Look for someone with real estate experience and discuss with them their fee scales. Your RE/MAX Sales Associate can help you locate a reliable professional with whom you feel comfortable working.

Lawyer’s/Notary Public’s Function

You will need a lawyer or notary public to process your purchase and ensure the terms are met:

  1. The correct property is purchased
  2. Transfer title to your name(s)
  3. Ensure title is free and clear of prior owners encumbrances
  4. Your mortgage is registered properly on the title

The legal process varies from province to province in Canada. Specifically, you will need to consult with your chosen legal professional and he/she will explain the process and the steps that need to be completed before you get the keys to your new home.

Your lawyer/notary public will prepare a “Statement of Adjustments” outlining all the financial aspects of your sale.

Legal Fees and Disbursements

The difference between legal fees and disbursements is analogous to the parts and labour you pay when fixing your car. Your RE/MAX Sales Associate can help you locate a reliable professional with whom you feel comfortable working.

storephone-handsetsmartphonediamondcrossmenu
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram