Buying – How it Works 2019-10-18T13:05:49+00:00

BUYING YOUR HOME

How It Works

WHAT WE DO

We handle the paperwork that transfer the property title to your name, we deal with your mortgage financing, and we pay the seller the purchase price.  This is called the Conveyancing of the Property to you.  For a detailed explanation of what is included in our service, please click here.

 Read about why you need a Real Estate Lawyer here.

STEP 1 – LET’S GET STARTED

We would be happy to help you with your home purchase.   If you would like us to help you,  please call or email us to confirm.   We will ask you to complete the Buyer Intake Form or you can provide us the information over the phone.  Once we receive this information, we will open your file and get started on the paperwork that transfers your new home to you.

STEP 2 – GIVE OUR CONTACT INFORMATION TO YOUR REALTOR & MORTGAGE LENDER

Your Mortgage Broker or Representative will provide us with the information for your new mortgage or loan being used to finance the purchase. These are called the “Mortgage Instructions”

Your Realtor will provide us with the “Conveyancing Instructions”.  These include a copy of the Purchase & Sale Contract. If you do not have a Realtor, you will also need to provide me with the following information or documents at least 2 weeks prior to the possession date:

  • Copy of the Purchase & Sale Agreement.
  • Seller’s Contact Information.
  • Name of Seller’s Real Estate Lawyer
  • Proof of any Deposit paid directly to the Seller or Seller’s Real Estate Lawyer.

STEP 3 – MEET US

About 1 to 2 weeks before your possession date, we will meet in person to sign the property transfer and mortgage documents.  We will contact you to schedule the meeting.  Please let us know if you will be out of town.

At this meeting, you will need to bring the following, for example:

  • 2 valid pieces of identification. I am required by the Alberta Law Society as well as by your mortgage lender to verify your identity by viewing and copying 2 pieces of original and valid identification including one government issued photo identification.
  • Cash Shortfall/Your Down Payment. A bank draft or certified cheque payable to “Giardino Law, In Trust” for the Down Payment amount. This amount represents your Purchase Price less the Mortgage Proceeds plus the Legal Fees and plus or minus any adjustments for things like property taxes and condo fees.  If the source of your down payment is from investments or your RRSP, please be sure you have arranged for the funds to be available to you on time.
  • Proof of insurance (if applicable).
  • Void Cheque (if applicable).

We will provide you with details when we contact you to set up a meeting

STEP 4 – RECEIVE YOUR KEYS

On the Possession Day (also referred to as the Closing Day and Completion Day), we will pay the seller’s lawyer the purchase price.   The seller’s lawyer then contacts the seller or the seller’s realtor and instructs them to release the keys to you.  Key release generally happens after NOON on the possession date. We will contact you to confirm that we have paid the seller. Your real estate agent will make arrangements with you to give you the keys.

COMPLETE CHECKLIST OF THE STEPS INVOLVED

BUYER INTAKE FORM

I have received the house keys from my realtor and we’re really grateful for the job done by Rosellina and her Office in a very quick and smooth manner. I’m really satisfied in doing business with you guys and I will definitely recommend my family members and friends. Thank you.

(home buyer – May, 2014)

When my husband and I purchased our home we were looking for a lawyer to handle all of the legal aspects. We were referred to her by our realtor and we were so pleased at how professional Rosellina Giardino was. She made us feel comfortable and was always accommodating and reliable. If anyone is looking for a knowledgeable lawyer who understands her clients trust Miss Giardino. Thank you for getting us into our new home.

(couple buying first home together – As posted on Yelp, April 2, 2013)

…We would like to thank you for arranging the legal documents for the purchase of our first investment property.  We really appreciated you having taken the time to answer all of our questions.  We were also very pleased with the clear instructions you provided to our notary.  This attention to detail really helped facilitate the signing process …

(out of province buyers of Alberta property – April 2013)

Hi Rosellina. Thank you so much for everything you have done for us with the purchase f our first home.  You made the experience a very positive one by helping us understand the process and always keeping us informed throughout construction, even though at times it was hectic.  …  We will not hesitate to refer any of our friends or family to you in the future for any home sales or purchases.  You are very good at what you do and run your business in a very professional manner.  You are also extremely kind and so easy to talk to and approach, we could imagine having anyone else represent us ….

(first time home buyers of a new house from a builder – April 5, 2013)