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Real Estate Lawyer –
do you need one?
When buying or selling Kelowna real estate, it’s always
a good idea to have a lawyer as part of your expert advisor
team. Before signing any contract, you always have the option
to have the contract subject to your lawyer’s review.
Although the standard contract of purchase and sale has
been written and reviewed by a team of lawyers, if a buyer
or seller adds any unusual amendment or crosses off any
of the standard clauses, then it’s a good idea to
seek legal advice.
What
to expect from your Lawyer if you are a Buyer.
What
to expect from your Lawyer if you are a Seller.
List
of Local Lawyers
So are you wondering
what this will cost? Fees are usually higher when buying
real estate rather than selling real estate because the
role of the buyer’s lawyer is more complicated. Fees
generally range from $500 to $1500 for the average home
transaction. Some charge by the hour and some charge a flat
fee. Either way, it’s a good idea to talk to your
lawyer and ask them what they estimate the costs to be so
that you can budget for it. Remember if you don’t
close you still have to pay your lawyer for his/her time
and the more complicated the transaction becomes the more
money it will cost.
Talk to your lawyer and remember that your lawyer belongs
to a regulated profession. They must meet certain standards
and they have insurance to cover damages if they make an
error or omission. You always want to be sure your rights
are protected and your duties to the contract are clearly
defined. Be sure to involve your lawyer from the start.
If
you buying real estate in Kelowna then your lawyer should
complete the following services:
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Help you understand the contract if
there is any uncertainty.
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Check that there are no liens, easements,
convenants etc... registered on title that will hinder
your use of the property.
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Clarify details of the mortgage and
work with your bank.
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Prepare and register all legal documents.
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Prepare the statement of adjustments
including utilities, taxes and other costs to be paid
before closing.
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Meet with you to review all the paper
work and get appropriate signatures.
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Arrange for title insurance if required
or recommended.
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Make sure you have received a valid
registered title subject only to the liabilities you
have agreed to.
If
you are selling real estate in kelowna then your lawyer
should complete the following services:
- Review the Contract of Purchase
and Sale.
- Prepare the title and power
of attorney if necessary.
- Deal with any title issues if
they arise and help rectify them.
- Meet with you to review all
the papers and get appropriate signatures.
- Ensure the transfer of security
deposits.
- Arrange for insurance certificate
if required.
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Lawyers
in Kelowna
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Doak
Shirreff
200-537 Leon Ave.
Kelowna, BC
(250) 763-4323
Pushor Mitchell
3rd Floor, 1665 Ellis Street
Kelowna, BC
(250) 762-2108
Heritage
Law Group
830 Bernard Ave.
Kelowna, BC
(250) 868-2848
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Benson
Edwards LLP
200-270 Highway 33 W.
Kelowna, BC
(250) 491-0206
Berge
Horn
2nd Floor – 215 Lawrence Ave.
Kelowna, BC
(250) 762-4222
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Thomas
Butler Leclair Towill
1664 Richter Street
Kelowna, BC
(250) 763-0200
Business
Law Group
101 - 1449
St. Paul St.
Kelowna,
BC
(250) 448-5566 |
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