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Lawyers protect you in real estate deals

A well-chosen real estate lawyer

What do you know about Calgary real estate attorney fees?

Definitely, before committing to a lawyer as with any professional, you want to know how much they will charge for their services and do they have the required experience/knowledge. Only then you can make the crucial decision about whether or not this real estate lawyer is a good match for you. Here are a few tips for you about the disposition of real estate attorneys and their rates.

As a rule, lawyers in the real estate field charge flat rate fees for:

  • Real estate purchases

  • Real estate sales

  • Land transfers

  • Refinances

  • Mortgages

Before you enter into an agreement with your real estate lawyer, make sure you know what their fees include. The full complex of services involves the following, and occasionally more: 1st – all regular disbursements; 2nd – file administration costs; 3rd – document fees; 4th – photocopies; 5th – fax; 6th – courier charges; 7th – land title fees to register title and mortgage; 8th – approximately 2 hours of consultation to help you resolve various issues related to your sale or purchase; You should also keep in mind that there may be some additional fees for out of town services.

It is always better to discuss such issues with your real estate lawyer beforehand. This way you will avoid uncomfortable situations, and unexpected costs and will know in advance exactly what you are paying for. Occasionally, specialized services may not be included in the standard price so it is always a good idea to double-check everything.

Paying less is not always an option in real estate

It is perfectly understandable that everyone wants to save money at any cost. People, contrary to all logical rules, start searching for excellent quality services with great discounts. Sometimes they get lucky, but usually, it doesn’t work that way. For small fees, you usually get the equivalent service. There are many cases where clients were over-charged for the initial quote. This is because the real estate lawyers were not qualified in the real estate field. Some purported real-estate lawyers have even prepared fraudulent documents, and at the end of the day, the client ended up with significant ramifications.

To be on the safe side and avoid such misfortunes, do not get fooled by cheap service fees. Check everything carefully and only then, make your choice. Many times the cheap way out ends up costing you double and more.

What will my lawyer do for me?

Real estate transactions can be quite stressful. For that reason, your real estate solicitor should be a seasoned real estate professional and be qualified to represent your best interests. When handling your residential or commercial transaction, he/she should;

  1. Take control of and draft all documentation

  2. Represent your best interests and always have your back

  3. Consult and advise you on potential risks & obligations

  4. Help and advise you on how to avoid any such risks

  5. Closely collaborate with other professionals involved in the process of a real estate deal.

Throughout the entire process of your sale/purchase, you are going to encounter various professionals. The most relevant provision here is to make sure they are the people who understand and hear your preferences and demands. Only then will you have an agreeable encounter.

Peculiarities of residential purchase contracts

At first glance, domestic purchase contracts are merely a formality necessary to buy or sell real estate property. However, it is not as easy as it may appear. So, the residential purchase contract is one of the key documents that protect you and your rights when it comes to any legal dispute. Secondly, it sets the rules that govern how the dispute is resolved. So, even if you don’t hire a real estate agent to help you with selling/buying a house, you should consult a real estate lawyer and ask him to draft the contracts for you. Those who do decide to hire a professional real estate agent – don’t worry. Your Realtor will use the appropriate AREA (Alberta Real Estate Association) contracts which comply with all the legislation and protect “everyone.”

Litigation on real estate disputes

When it comes to the litigation process, ensure that a professional real estate lawyer in this field represents your interests. It is recommended to work with a litigator who has already had similar cases to yours. It will give you more confidence that together, you will win your case. Litigation in real estate disputes requires the full and immediate attention of your lawyer. The sooner he begins dealing with the matter, the better the results will be. A suitable research process can gain valuable information for you.

Why would there be litigation?

The litigation process can be started for various reasons. The most frequent are commission and deposit disputes. Also, there are many cases of “Breach of Contract”, improper measurements, etc. You are strongly advised to engage a professional lawyer to represent you as there also may be real estate disputes caused by hidden or builder defects. Such points should be examined and prevented beforehand, and a professional team consisting of your realtor, home inspector, and lawyer will help you. There are many other issues that real estate agents and lawyers can enlighten you on.

In fact, the real estate area of interest is a separate science and many educated people are being trained for years to become true professionals. Such real estate agents work for Calgary’s CIR Realty, like Ron Christensen. So, if you have any questions or are ready to proceed – contact, Ron and he will take the reigns for you, “From Sign Up to Sign Down”!

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Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.