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logologo

647-812-8462

     

  • ABOUT
  • WHAT WE DO
    • REAL ESTATE
    • WILLS & ESTATES
    • IMMIGRATION
    • FAMILY LAW
    • BUSINESS
    • NOTARY SERVICES
  • PRICE LIST
  • SERVICE AREAS
    • OAKVILLE
    • BURLINGTON
    • MILTON
  • BLOG
  • CONTACT
logologo

     

647-812-8462

  • ABOUT
  • WHAT WE DO
    • REAL ESTATE
    • WILLS & ESTATES
    • IMMIGRATION
    • FAMILY LAW
    • BUSINESS
    • NOTARY SERVICES
  • PRICE LIST
  • SERVICE AREAS
    • OAKVILLE
    • BURLINGTON
    • MILTON
  • BLOG
  • CONTACT
by Monica Beffa
BLOG, News, Real EstateApril 7, 20210 comments 0 Likes

Why do I need a Real Estate Lawyer?

There are many people involved even in the smallest real estate transaction. Most people are wondering why they need to pay one more, especially a real estate lawyer.

The truth is that you cannot afford not to be represented by a real estate lawyer in a purchase or sale transaction, whether you are the buyer or the seller.

There are plenty of reasons why you want to hire an experienced real estate lawyer, but before you retain a lawyer, let’s talk about the qualities you should be looking for.

How Can I Choose My Real Estate Lawyer?

 

The lawyer you choose to represent you should have experience in real estate in general, but also within the specific market you are going to buy a home. Every area is different, so you need to choose someone familiar with the ins and outs of the west of GTA area, in Burlington, Oakville or Milton areas. You also want someone that has experience in handling transactions like the one you are about to do.

At Beffa Law, we have many years of experience dealing with various real estate transactions, and we will make sure that you are safeguarded throughout your transaction. We will assist you from the beginning to the end of the purchase or sale transaction.

Another quality you want to find in a real estate lawyer is transparency. We always tell you upfront how we are going to handle your case, how much is going to cost you and will answer every single question personally and promptly. We will always handle your case with honesty and integrity.

These are the types of qualities you are going to find by choosing Beffa Law, every single time.

The Benefits of Having a Lawyer by Your Side

There are countless benefits that you gain from hiring a real estate lawyer, but if you would ask us to sum them up in one word, the answer will definitely be “protection”. Your legal protection in the real estate transaction is the most important part that you need to worry about.

For instance, if you buy a property, whether you are a first-time buyer or not, there are a myriad of legal issues that you will not be able to discover without the help of a real estate lawyer. You could easily find yourself in a position of buying a residential or commercial building that has been misrepresented with no legal resources to defend yourself. Do you know what course of action is available if your property fails an inspection? Do you know how to check the agreement of purchase and sale for clauses that are not in your best interest? These are the types of things a real estate lawyer can assist you with.

In case you try to sell your house, if the purchase and sale agreement isn’t worded just right, you could be exposed to a significant liability long after you’ve thought your home is out of concern for good. A real estate lawyer may help you when the buyer makes different demands after the offer is firm, but may also help you ward off a buyer that backs out at the last minute.

The Role of a Real Estate Lawyer

Here are the most important roles the real estate lawyer has in the real estate transaction:

– Reviewing and preparing all the necessary documentation.

– Searching the title and managing the transfer of the property.

– Protecting your legal interests in the transaction.

Various paperwork must be prepared and executed when you take part in a real estate transaction. Small mistakes can end up costing you a lot in the long run.

These are just some examples of why a real estate lawyer will make a big difference in how smoothly and safely a real estate transaction may be closed. That’s why you want someone who will stand by your side and have your best interest at heart, exactly the type of lawyer that you can find at Beffa Law.

Do not enter a complicated real estate transaction without having a lawyer with experience representing you. Beffa Law can help you with all your legal needs, if you buy or sell a home, refinance your mortgage, transfer a title, or buy or sell privately. We will be honored to use our expertise to help you.

Our Real Estate Services Include:

  • Residential Sale and Purchase
  • Condominium sale and Purchase
  • New Mortgage or Refinance
  • Transfer of Title – Corporate, Divorce/Separation, Personal
  • Agreement of Purchase and Sale for private deals
  • Residential tenancies
  • Commercial leasing

We understand the importance of every real estate transaction. That’s why we approach each deal with expediency, expertise, and innovation to meet the challenges of fast-moving real estate markets. No matter how big or how small your transaction is, what is important for you will be vital for us.

Find out why we are the best option for a real estate lawyer in Oakville and don’t hesitate to contact us to discuss more your specific situation.

 

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Beffa Law Professional Corporation

Real Estate
Wills & Estate
Immigration
Family Law
Business & Corporate
Notary Services

Service Areas:

Burlington
Milton
Oakville

Contact Us:

Phone: 647.812.8462
Fax: 647.697.2424
Email: info@beffalaw.ca

Visit Us:

231 Oak Park Blvd
Suite 301, 3rd Floor
Oakville, ON
L6H 7S8
Copyright © 2021 - BEFFA LAW
All the information presented on this site must be regarded as general information and  not legal advice. Every case is different, so please contact us to assess your particular situation. A solicitor-client relationship will be established only after we’ve determined that there is no conflict of interest.
Check all that applies
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TITLE TRANSFER
  • Complete the required documents and gather the supporting documents
  • Obtain appropriate legal advice for the tax and other implications of the title transfer
  • Review the forms for completeness and accuracy
  • Perform title searches
  • Obtain title insurance
  • Update the contents and fire insurance policy
  • Update ownership records in the utility bills
  • Advise current mortgage lender of the title changes
  • Get the title change documents registered and report them to the clients
  • Send information to the city’s tax department and condo property management of changes in ownership

CLOSING COSTS NOT INCLUDED IN FEES

  • Software & conveyancing charges $75+HST;
  • Flat disbursements cost $125+ HST  includes one title search
  • Registration Fee $78.79
OCCUPANCY
  • Acting for you in matters relating to your purchase of the property
  • Review the Agreement of Purchase and Sale
  • Conduct and review title searches for any defects in the title Submit requisitions on the title and review the responses
  • Search for arrears of taxes and obtaining a certificate
  • Confirm that utilities were in satisfactory standing and arranging for meters be read
  • Search for executions
  • Examine the draft deed
  • Review the statement of adjustments
  • Reviewing the documentation provided by the builder including warranties, declarations and vendor’s and purchaser’s undertakings, and verifying enrolment with Tarion Warranty Corporation
  • Draft documents and statements in accordance with Land Transfer Tax Act
  • Correspondence with the Condominium Corporation and obtain a Status Certificate and Certificate of Insurance and review the same
  • Meet with client to explain and sign all legal documents
  • One in person appointment or remote signing on zoom
  • Close the transaction and securely transfer funds
  • Register transfer

CLOSING COSTS NOT INCLUDED IN FEES

  • Software & conveyancing charges $125+HST;
  • Flat disbursements cost $225+ HST  includes one title search
REFINANCE
  • Review mortgage instructions for refinancing.
  • Conduct and review title searches for any defects in the title.
  • Conduct and review writ searches and execution searches.
  • Secure title insurance and all correspondence with the title insurance company.
  • Review mortgage instructions.
  • Draft all mortgage documents
  • Register mortgage documents.
  • Extensive correspondence with the lenders and banks.
  • Receive mortgage funds.
  • Review certificate of insurance.
  • Meet with client to explain and sign all legal documents
  • Close the refinance transaction and securely transfer the funds
  • Register mortgage on title
  • Open the refinance file and access to client portal
  • Report to client, lender & realtor about closing
  • One in person appointment or remote signing on zoom
  • After office hours appointment.

CLOSING COSTS &  NOT INCLUDED IN FEES;

  • Title Insurance (as per Invoice) – CALCULATE
  • Registration Costs/ per Mortgage $78.79;
  • Software & Conveyancing Charges $270 + HST;
  • Flat disbursements cost $240 + HST title searches, writ searches, execution searches, bank charges, courier charges etc.
SALE
  • Review mortgage instructions for refinancing.
  • Conduct and review title searches for any defects in the title.
  • Conduct and review writ searches and execution searches.
  • Secure title insurance and all correspondence with the title insurance company.
  • Review mortgage instructions.
  • Draft all mortgage documents
  • Register mortgage documents.
  • Extensive correspondence with the lenders and banks.
  • Receive mortgage funds.
  • Review certificate of insurance.
  • Meet with client to explain and sign all legal documents
  • Close the refinance transaction and securely transfer the funds
  • Register mortgage on title
  • Open the refinance file and access to client portal
  • Report to client, lender & realtor about closing
  • One in person appointment or remote signing on zoom
  • After office hours appointment.

CLOSING COSTS  NOT INCLUDED IN FEES

  • Title Insurance (as per Invoice) – CALCULATE
  • Registration Costs/ per Mortgage $78.79;
  • One Mortgage payout with a Tier 1 bank $200+HST
  • Software & Conveyancing Charges $225+HST;
  • Flat disbursements cost $275+HST includes one title search
PURCHASE
  • Review the Agreement of Purchase and Sale.
  • Conduct and review title searches for any defects in the title.
  • Submit requisitions on the title and review the responses.
  • Conduct and review writ and execution searches.
  • Secure title insurance and all correspondence with the title insurance company.
  • Examine draft transfer deeds and draft closing documents.
  • Review the statement of adjustments.
  • Draft documents and statements in accordance with Land Transfer Tax Act.
  • Draft documents to apply for first-time home buyer rebate for the client.
  • Correspondence with the lender and banks.
  • Review the certificate of insurance.
  • Meet with client to explain and sign all legal documents
  • Close the purchase transaction and securely transfer funds
  • Register transfer
  • Report to client, lender & realtor about closing
  • One in person appointment or remote signing on zoom
  • After office hours appointment

CLOSING COSTS NOT INCLUDED IN FEES

  • Land Transfer Tax –  CALCULATE
  • Title Insurance (as per invoice) – CALCULATE
  • One Mortgage with a Canadian Tier 1 bank $300+HST
  • Registration per transfer and per mortgage $78.79 each;
  • Software & conveyancing charges $225+HST;
  • Flat disbursements cost $275+ HST  includes one title search