You know that when buying or selling a home, you will need help in the face of a real estate agent or a condo lawyer. But the question is whom to hire and when. Most frequently, real estate agents will require some commitment to be paid. Although the seller often pays these commissions, the cost may be transferred to your account. Condo lawyers will have some fees to be paid, so you need to consider what is better for your pocket and why.
What the Law Says
Every province has its real estate laws. In most cases, there is enough for you to cooperate with a real estate agent, but still, it is highly advised to verify your local regulations on this matter. According to LDDC lawyers, personal injury, and condo lawyers, sometimes an attorney will be handy for creating purchase contracts between the parts. Sometimes, they will need to be present for the deal-finalizing process.
Why Hiring an Agent?
It is no secret that buying or selling any real estate property is a complicated process with its underwater rocks. This is why many people feel much safer if they have an expert in the field protecting their interests. They will deal with all the paperwork on your behalf, leaving you more time for your own life and helping you save some money on the purchase. An agent will tell you whether the price is fair, or you can try to negotiate it for your profit.
Why Hiring an Attorney?
As you know, most real estate cases will not require a condo lawyer’s presence, but there are some situations where it is extremely beneficial to have such an expert on your side. For instance, while real estate agents know a lot about the negotiating process and contracting part of the deal, most frequently, they cannot provide a complete answer to the legal questions. These issues may be connected to the property being an illegal in-law unit with an existing tenant. Only a legal expert will find the right way out in such cases. So, while not obligatory for every step of your home buying/selling process, experts advise ensuring you have a good condo lawyer’s phone just in case.
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Educate Yourself
Regardless of the expert you hire, a real estate agent or a condo lawyer, learning as much as possible about the process is highly advised. For example, you can learn about the market value of comparable homes in your area and neighborhood to protect yourself against over-aggressive agents or pay too high a price for a property. The more you know, the easier your cooperation with legal representatives will go, the fewer misunderstandings you will have, and the less stress involved.
Horlick Levitt Di Lella LLP
- 100 Sheppard Avenue East #870
- Toronto
- ON
- M2N 6N5
- Canada
- +1 416-512-7440
