Edmonton Residential Real Estate Lawyers Serving Alberta and Western Canada
Buying or selling a home may be one of the biggest financial transactions you will ever make.
As such, it is critical to ensure this substantial investment by consulting with an experienced Edmonton real estate lawyer before you finalize any type of purchase or sales agreement.
At Chadi & Company, our highly skilled team of residential real estate lawyers has successfully represented countless clients in Edmonton and the surrounding areas in the purchase and/or sale of their homes and commercial properties.
We will review all contracts, negotiate for fair terms, and ensure that your rights and best interests are protected throughout the entire process.
Do I Need a Real Estate Lawyer?
Generally speaking, a real estate lawyer will step in toward the end of the process, after a sales price has been reached and the terms of the sale have been established by the real estate agents and agreed upon by the buyer and seller.
Although you are not required by law to work with a real estate lawyer when purchasing or selling a home in Alberta, it is in your best interest to do so.
Even in fairly straightforward real estate transactions, it’s not uncommon for minor errors or oversights to result in stressful, time-consuming, and costly mistakes that could have easily been avoided by consulting with a residential property lawyer.
Our Edmonton residential real estate lawyer at Chadi & Company will:
- Review the terms of the contract to ensure that they are fair;
- Negotiate for repairs following a home inspection;
- Perform a title search;
- Resolves title issues, such as liens and judgments; and
- Represent you at closing.
Real estate lawyers are especially important when the transaction is expected to be somewhat complicated.
Whether you are buying or selling a property, you are strongly advised to hire experienced legal counsel if any of the scenarios below apply to you.
When Buyers Should Definitely Have a Lawyer
Examples of complex real estate transactions in which buyers should retain the services of a real estate lawyer include:
When Seller Should Definitely Have a Lawyer
Examples of complex real estate transactions in which sellers should retain the services of a real estate lawyer include:
You are selling a property with structural issues or other signs of distress;
You are selling a jointly-owned property with an uncooperative joint owner;
You are the executor of, or heir to, the property; or
The property has judgements against it.
What Is Typically Included in the Real Estate Legal Fees?
As with any legal service, the fees charged will be largely dependent on multiple factors, including the complexity of the case, and how the particular firm charges.
At Chadi & Company, we charge a flat rate legal fee, inclusive of all regular disbursements for real estate transactions. There is no additional fee for filing, case administration, documents, courier charges, photocopy and fax charges, title and mortgage registration, and most other costs related to a standard real estate transaction.
This transparency allows clients to easily budget for the cost of hiring a real estate lawyer and provides them with a greater sense of control over the entire process.
Choosing a Real Estate Lawyer
When it comes to protecting such a substantial investment, it’s important to choose legal counsel wisely.
Real estate legislation is complicated and constantly evolving, and someone who dabbles in this area is simply not going to have the knowledge to adequately protect your rights, nor your investment. The more experience the lawyer has in real estate transactions, the better. In layman’s terms, you want someone who’s “seen it all.”
It’s also important to use the initial consultation to make sure you feel comfortable with the potential candidate. Do they seem honest, confident, reliable, and forthcoming? If anything seems off, too good to be true, or makes you uncomfortable, keep looking.
Now is also a good time to ask how the lawyer charges. Generally speaking, a flat fee is best.
Real estate transactions are already filled with unexpected costs and uncertainties. Don’t add any unnecessary surprises to your plate.
Contact Chadi & Company Today
If you are buying or selling property, it is in your best interest to work with an Edmonton residential property lawyer.
The skilled legal team at Chadi & Company has been guiding individuals and families in real estate transactions for over three decades.
Whether you are buying a starter home or selling a multi-million dollar lake house, we can ensure that the process goes as seamlessly as possible and that your rights and best interests are protected every step of the way.
Don’t attempt to navigate this process without the help of skilled legal counsel by your side.