Why you should hire a lawyer before buying and selling a home

◂ BLOG

So, you’ve decided you want to buy or sell a house, but you don’t exactly know how to go about it.

There are often many processes at play simultaneously, which can be overwhelming for anyone. Having a real estate lawyer in your corner can make buying or selling your home easier to navigate.

At Hayes Fry Law, we promise to answer all of your questions regarding hiring a lawyer to help you buy or sell a house. Plus, we break down all the required documents step-by-step to make things as simple as possible.

Here are the top 5 reasons to hire a lawyer when buying or selling your house: 

TO PROTECT YOUR INTERESTS

You need a lawyer to help ensure the terms and conditions involved in the transaction are actually complied with. The harsh reality is that sometimes the seller or buyer can be looking for ways to defraud you. A real estate lawyer ensures that all financial and legal conditions are satisfied and helps you benefit from your real estate transaction, whether that is buying or selling your home.

TO REVIEW ALL LEGAL DOCUMENTS

Real estate professionals are experts that help you go through numerous and confusing documents so that you fully understand all your rights and obligations. These include transfer documents, mortgage terms, property tax adjustments, title to the property, and all other legal documents required to close the transaction.

TO SEAL THE DEAL

A real estate lawyer helps you close the transaction on your home. Without a lawyer, you might have a hard time trying to settle on a final amount to either sell or buy your house. When you hire a lawyer, the transaction will be smarter, faster, and easier. Trusted professionals can help you conclude the transaction in the shortest amount of time possible.

TO KEEP YOUR COSTS DOWN

When buying or selling a house, the cost of fees and disbursements can often surprise you. Real estate lawyers know tricks of the trade that keep your costs as low as possible, such as how to lower your interest payment on a mortgage, reduce the cost of title insurance, and ensure property taxes are adjusted correctly. Plus, they can explain what fees are necessary and which are not, so there are no surprises. At Hayes Fry Law, our real estate fees are flat rates with no surprises, so you can reach out to us any time for follow-up advice or help even years after your transaction closes without worrying about a bill in the mail. 

TO ENSURE CLEAR TITLE

Real estate professionals make sure that you get a clean title on the house you are purchasing so that you have clear ownership of your new home. This involves identifying and discharging any unnecessary caveats, registrations, and previous mortgages listed against the house, so you don’t have to worry about anyone else making a claim on your property. Navigating the Land Titles system on your own can be daunting. A real estate lawyer handles everything so you don’t have to. 

Buying or selling real estate is a big and exciting decision! You should have an expert help you through this process. Contact us today to help you buy or sell your house. In just a short period of time, you’ll be exchanging the legal documents and keys!

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