What role does my lawyer play if I buy property?
If you are buying property, your lawyer will complete the mortgage paperwork and will transfer title to the property to you once the sale is complete. Prior to closing, your lawyer will search title to the property you wish to buy to ensure there are no issues that would impact your ownership of the property. Approximately two to three weeks prior to closing, your lawyer will contact you to confirm closing costs and to schedule a signing appointment.
What if I don’t have a lawyer?
If you don’t have a lawyer, ask your realtor when you sign the Offer. They will have some suggestions.
Is the only money I need to pay to buy my house the money required for the bank?
No, the money the bank will require is separate from what our office requires. The lawyer handling your file will advise what fees we need to proceed with your real estate transaction. The fees we require can vary and could include land transfer tax, title insurance, any other applicable fees for the purchase, plus lawyer fees and disbursements.