Real Estate Lawyer

Real Estate Lawyer by "umjanedoan"

Closing on the sale of your home is a really exciting time. There’s the anticipation of change …and probably a bit of nostalgia about what you’re leaving behind. What you don’t need in this busy time, is worry or anxiety over things left undone. Selling a property is stressful enough as it is! You definitely need a real estate lawyer to help. If you don’t have one or know of one, please let me know right away so I can make some great recommendations.

In addition to reviewing your offer and preparing legal documents, the lawyer will also meet with you on closing to fully execute all the documentation and take your keys, and also carry out the exchange of documents and monies. Here are twelve quick points on exactly what the lawyer will do for you:

1. Receive instructions from you about the sale of your property and discharge of your existing mortgage.
2. Review the executed offer.
3. Review and respond to the requests submitted by the buyers’ lawyer.
4. Prepare the Statement of Adjustments.
5. Prepare the draft of the Transfer/Deed.
6. Prepare all supporting sale documents.
7. Forward a request for a mortgage discharge statement for any mortgages registered on title.
8. Meet with you to execute all sale documentation and get your keys on closing.
9. Attend to the closing and effect the exchange of documents & monies.
10. Go to the registry office to discharge the executed Charge/Mortgage.
11. Deliver the balance of the sale proceeds (if any) to the real estate office.
12. Conduct all necessary correspondence and telephone conversations with any parties involved in this sale.

So what should you do to help your lawyer carry out these tasks? Here’s what your lawyer will ask for:

• The property Survey if available (if it’s part of the offer itself, my team will do that)
• Your Deed or Transfer of Land document
• If you’re selling a condo unit, the address & phone number of the Condominium Corporation
• The keys to the property
• The Agreement of Purchase and Sale (I will send this from my office to your lawyer)
• The correct spelling of your name(s), your address and telephone number
• Your forwarding address, if known
• Contact info for the buyer’s lawyer (I will send this from my office to your lawyer)
• Your bank, financing & mortgage information (Mortgage reference number)
• Power of Attorney, if applicable
• Copies of your most recent: property tax bill, water bill, cable bill, electricity bill, gas bill. NOTE: If home is oil-heated, you will be required to fill the tank as of closing date (you will be credited for this on the closing adjustments)

You can expect the lawyer’s invaluable service to cost you approximately $600-$1000, including disbursements.