Real Estate Lawyer: Why You Need One

Introduction

When you recommend a friend, who is about to buy a property, to consult a lawyer for the same, they might wonder about the need for one. It is very important to understand the relevance of a real estate lawyer.

A large number of people suffer from legal issues after investing in a property because they did not hire a real estate lawyer. Having a real estate lawyer in Edmonton Northwest on board safeguards you against a lot of legal hassle and ensures that your property dealings are carried out in a smooth and comfortable manner.

Here are some important reasons why you need a real estate lawyer:

Title Search

One of the most valuable services a real estate lawyer can provide you with is the title search. A qualified real estate lawyer will make sure that there is no encumbrance, like judgments or liens, associated with the property.

While it is not essential for a lawyer to carry out a title search, they can do it better than most other people because of the kind of experience they have in this space. Many lawyers are also associated with title search companies that specialize in these kinds of services.

Contract

When a property is bought or sold, a contract is made. Once the two parties discuss and agree on the terms, they must be written down in a contract. The contract features all the details pertaining to the rights and obligations of the two parties involved in the deal.

Apart from putting together a detailed contract, a real estate lawyer will also help you identify the issues you could face with the property in the future. They will guide you adequately toward dealing with and resolving the issues. If you hire a reputed and trustworthy lawyer, you can be sure about not getting into any kind of trouble because of the contract.

Property Transfer

While transferring your property to somebody else, it is imperative to hire the services of a real estate lawyer. A lot of property disputes happen while or after a property is transferred from one person to another. To ensure that you don’t have to deal with such a situation, you must seek the help and consultation of a real estate lawyer.

Even if you are transferring a particular property owned by you to somebody you trust, it would be advisable to hire a real estate lawyer. Their consultation and guidance will ensure that the property transfer process is carried out in a very smooth and comfortable manner. If a particular legal issue has to be resolved before transferring the property, they will inform you about it as well.

Conclusion

Buying or selling a property seems like a very simple process when you think of it. However, those who have had property dealings in the past, are well aware of the complexities involved in the process. To ensure that you do not face any problems while dealing with a property, you should hire a well-known real estate lawyer. If you happen to look for a real estate lawyer in Edmonton Northwest, you should get in touch with valuelaw.ca.