Local Real Estate Lawyer Providing Guidance to Clients Purchasing Their First Home
There are two types of home buyers. On the one hand, you have those who want to do it all themselves and be incredibly hands-on throughout the purchasing experience. They often wonder why they would need a lawyer with experience in real estate when a real estate agent already does so much. After all, can’t the real estate agent handle this from start to finish? The answer is yes and no. The Real Estate transaction is closed by a lawyer. In some situations, a real estate agent may be enough. But a real estate lawyer can provide you so much more than a real estate agent. If you are in the Mississauga, Ontario, area and looking into purchasing real estate, it would be a great benefit to you to stop in and visit Mr. Tarunjeet Gujral at the Gujral Law Office. Let us look at some ways that a real estate lawyer can assist you in closing the deal while avoiding pitfalls.
Many of us have the ability to negotiate one on one with another party. To make an agreement binding, you must have a contract. Contracts can be complex and, at times, difficult to understand. In addition, it must be a contract that adheres to all local laws and does not take advantage of the buyer. This is where a lawyer becomes very helpful. A lawyer will have your back and make sure that the terms of any contract are fair and that they are legal.
A title search is a vital service provided by a real estate lawyer. This process is critical because it will uncover any issues with the property being purchased, including any encumbrances (i.e., liens or judgements). People are not always disclosing all necessary and relevant facts. A title search will confirm that the individual attempting to sell you the property is actually legally entitled to do so. Anybody can perform a title search, but a lawyer will be able to do it quickly, and they will know exactly the kinds of things to look for that others may not.Back to Real Estate Page