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Why Do I Need A Title Search Before Buying A Property?

After spending hours or days looking for a place, you finally found your dream home. However, there are things you need to consider before signing that agreement. You have to make sure that you protect your rights as a buyer.  What To Do One of the first things you need to do is to have a title search. You can ask your real estate agent or mortgage lawyer in Edmonton to conduct this for you. The land title serves as proof of the rights of a person to a piece of property. A title search will show whether the property that you plan on buying is sellable and free from liens or defects.  Why Do It A Title Search can help you find out about the history and issues associated with the property. It will help you better understand the land that you are planning on purchasing. The title search will validate if the sellers are the real owners of the land. You will also find out how many times the property went through transfers. If there have been numerous owners is a short time, you may have to [...]

Why Do I Need A Title Search Before Buying A Property? 2020-03-26T18:09:43+00:00

What Does A Real Estate Lawyer Cost In Edmonton?

Some individuals think hiring a lawyer is an unnecessary step in a real estate transaction. However, it is necessary to have a real estate lawyer complete your transaction in Alberta.   Finding a lawyer is not that hard.  However, it does not mean that you have to go for a cheap real estate lawyer in Edmonton. You have to make sure that the services they offer fit your needs. See this article to understand what you can expect in working with a real estate lawyer. Understanding The Fees Hiring a real estate lawyer has many advantages. If you find the right one, you can expect a smooth transaction. The cost of services may vary depending on the lawyer. However, a cheap real estate lawyer in Edmonton may not necessarily be the best option. Your lawyer will work hand-in-hand with you. Thus, you have to ensure the quality of their work. To help you understand what working with a lawyer requires, you need to know what fees are included. Generally, there are three components of fees for real estate lawyers in Edmonton. Legal fees – This fee refers to what [...]

What Does A Real Estate Lawyer Cost In Edmonton? 2020-03-28T01:26:32+00:00

How Does A Mortgage Lawyer Help With Closing?

Many people dream of purchasing a home. That is why it is exciting to finally find the right property. However, it also comes with responsibilities. You need to follow a simple process. Having the right real estate lawyer will make this process efficient and stress free. The Final Step After going through all the steps, you will find yourself facing the closing. It is the last thing you have to do to finalize your purchase. Once the seller accepts your offer, the signing of the purchasing agreement comes next. Then, you two will have to agree to a closing date. Generally, the closing date is the day you become the legal owner of the land you purchased and the time the seller is paid for the property. During this time, you will have to perform all the agreements that you have made with the seller and your mortgage lender. You may have to exchange documents and money. To accomplish everything properly, you need to hire a real estate and mortgage lawyer in Edmonton. A Lawyer’s Role There are a lot of ways a lawyer can help you.  [...]

How Does A Mortgage Lawyer Help With Closing? 2020-03-26T18:09:19+00:00

Things To Know Before Buying A Condo In Edmonton

Buying a home is one of the biggest investments for a person. That is why a person needs to consider a lot of things before finalizing a purchase. The type of property that one buys will depend on the person’s needs and lifestyle. Condo units have become more popular over the years. They offer a lot of advantages. However, there are also various factors you need to understand. What You Need to Know To help you get started, here are 4 things you should know. You may even need the help of condominium lawyers in Edmonton. The nature of the property. A condominium is a form of real property that includes two parts: 1) your condominium unit that you own and have a title to; and 2) the common property which you jointly own with the other owners according to your unit share in the condominium corporation. All of the unit owners are responsible for the reponsibilities of the building including the costs of maintenance and repair and operating the building. There are various documents you should review prior to confirming your offer to purchase. There [...]

Things To Know Before Buying A Condo In Edmonton 2020-03-26T18:08:59+00:00

What Will My Mortgage Lawyer Do For Me?

There are a lot of things you should consider when buying a home in Edmonton. Aside from looking for the right property, you will also have to choose the mortgage suitable for your needs. Mortgage refers to a debt instrument wherein a company or bank lends a buyer the money one needs at interest to complete the purchase of a property. The rates may vary depending on where you are buying the property. You can check current rates in Edmonton and compute the payments using the mortgage calculator. There are many types of mortgages. See this article on the Types of Mortgages in Alberta to have a better understanding of each of them. It may also be helpful to obtain legal advice from a mortgage lawyer in Edmonton before you make your decision on a mortgage. A Lawyer’s Role If you have decided to hire a real estate lawyer in Edmonton, it would be best to clarify with them their level of involvement. Their knowledge of the law will be highly beneficial for you as a buyer. Besides, as the client, you and your rights will be their priority. [...]

What Will My Mortgage Lawyer Do For Me? 2020-01-28T17:53:29+00:00

What Is The Process Of Buying A Condominium?

When purchasing a home, a buyer has a lot of options. One of these is a condominium. There are many reasons why some people choose to purchase condominiums over traditional homes.  Why Choose Condominiums Condominiums offer advantages that traditional homes do not have. Since these types of homes are in urban areas, they offer convenience. They are usually within walking distance to shops, restaurants, and offices. Most of them also have amenities, such as fitness centers and pools. Condominiums have become an attractive option for people who have busy lives. They also support a low-maintenance lifestyle. Personally, I live in a condominium and I love the convenience. The Buying Process Despite the differences, purchasing a traditional home and a condominium both require one to undergo a process. Choose the right condominium. Not all condominiums are the same. In Edmonton, there are two types of ownership of a condominium unit. You can choose the conventional condominium, which is the common form located within a building. You can also have a bare land condominium unit, which is a plot of land that can either be developed or not. Some condominiums [...]

What Is The Process Of Buying A Condominium? 2020-01-28T17:53:39+00:00

What Do I Need To Do To Prepare For A Home Purchase?

As the new year starts, many people have prepared themselves to start another chapter in their lives. You may be one of those that have decided that this will be the year to put an end to your rental days. Purchasing a home requires you to deal with a lot of things. That is why one has to be sure that one is ready for this big step. The Information You Will Need Do your research. Check newspapers or websites for real estate listings and compare your options. You also have to take note of the properties that caught your eyes and find out how long they have been on the market. You can also take note of any changes in the asking prices to get a good sense of the housing trends. It will also help to check the neighborhood. What can it offer, and will it suit your lifestyle? You will also need to consider hiring a buying home lawyer in Edmonton. There are legalities involved in purchasing a property. Consulting with a lawyer can help you in making decisions. A real estate lawyer [...]

What Do I Need To Do To Prepare For A Home Purchase? 2020-01-28T17:53:03+00:00

Is Hiring A Real Estate Lawyer Really Worth It?

Whether you are selling or buying real estate, you may have heard of some people advising you to hire a real estate lawyer. Some people think that having one only results in unnecessary expenses. However, what they do not realize is that you need a property lawyer to complete your transaction. A lawyer will provide legal advice and will ensure the completion of the transaction while protecting the client’s rights and interests. Some people understand the value of a property lawyer. However, they do not want to spend more. So, they tend to look for a cheap real estate lawyer in Edmonton. Doing this is not necessarily problematic, but it may not be the best decision too. What you should consider is the credibility and experience of the lawyer. To help you in choosing the right lawyer, you should be aware as to how important their role is and what type of services they offer. For the Seller Your lawyer can assist you in preparing the purchase contract or in negotiating non-standardized terms.Your lawyer will prepare the sale documents, which may include the transfer of land, [...]

Is Hiring A Real Estate Lawyer Really Worth It? 2020-01-28T17:53:14+00:00

How To Hire A Home Inspector For Your Condominium Purchase

A lot of people buy condominium units in Edmonton because it makes life easier and more convenient for them. However, purchasing one is not that different from buying a home. You will need to ensure that you are getting what you are paying for. Who You Need One way of doing this is by hiring condominium lawyers in Edmonton. This way, you have someone to review and make sure that your rights are protected and that the transaction follows Alberta law. They can also help understand various information for owning or renting a home. Another person you will need is a qualified home inspector to examine the unit for you. Information about the condominium is not limited to the paperwork. You can discover a lot through an inspection. It can help you look for things that you may have otherwise overlooked. The inspector also knows what signs to watch out for and which parts of the property to check. Hiring A Home Inspector The home inspector will evaluate the property you are interested in purchasing. Thus, it is necessary to choose someone who is reliable and [...]

How To Hire A Home Inspector For Your Condominium Purchase 2020-01-28T17:52:45+00:00

How Do I Prepare For Mortgage Approval?

Buying a home for yourself can be an exciting adventure. However, it requires proper planning and preparation. One of the things that you will need to think about is securing a mortgage. What It Is Mortgage refers to a loan that a homebuyer gets from a financial institution or organization. Using it aims to help the borrower purchase the house. It includes an agreement on the amount, interest, and payment. The mortgage puts the property as collateral for the loan that the financial institution or organization lends. What To Prepare There are many things involved in getting a mortgage in Alberta. It requires one to prepare various things and do some tasks. Prepare the paperwork. Gather all relevant information that can help with your mortgage approval. Consult a mortgage broker to find out what documents you need to prepare. It may include proofs of income and assets. You can often submit mortgage approval applications online.  For example, visit Dominion Lending. To make sure that you have the necessary documents and have completed the paperwork properly, you can also consult a mortgage lawyer in Edmonton. Check your [...]

How Do I Prepare For Mortgage Approval? 2020-01-28T17:52:31+00:00

How Do I Know If I Have The Best Real Estate Lawyer?

Property transactions can be complicated. It involves paperwork and legal documents. That is why you need a real estate lawyer. Whether you are selling your property or buying a new home, a property lawyer can help. Reasons to Hire A Real Estate Lawyer You need a lawyer to help you close your home purchase or sale transaction.  An experienced property lawyer is well-versed on real estate law and understands the process in order to close your transaction as smoothly as possible. There are many qualified lawyers around. However, everyone wants the best service they can get. So, it is only natural for one to look for the best real estate lawyer in Edmonton. Only the Best An effective way of finding the best real estate lawyer is to know what to look for. You can start by researching about the practicing lawyers in Edmonton. You may check their websites and reviews from previous clients to have an idea of what they can offer. From this information, you can come up with a shortlist of the ones you think suit your needs. Include in your research the following: [...]

How Do I Know If I Have The Best Real Estate Lawyer? 2020-01-28T17:52:19+00:00

5 Things To Know Before Selling Your Home

Choosing to sell a home is a big decision. It does not matter if it is your first time or not. Selling a home can be stressful and lead to one thinking of uncertainties. One way of helping you minimize these feelings is to prepare well. Having a home selling lawyer in Edmonton may also provide you the proper assistance. Things To Know When selling your home, it is necessary to ensure that you pay attention to every detail. You will have to make sure the property attracts potential clients. You also have to avoid creating mistakes that can make your home unappealing. You have to disassociate yourself from the property. Once you have decided to put your property for sale, you have to be ready to let go of any attachment. It will be a business transaction and nothing else. Keep in mind that it will no longer be your home. You should also declutter and remove personal items. Potential buyers should be able to envision themselves living in the place. You may need to make changes. Fix any broken doors, windows, locks, or drawers. Replace burned-out [...]

5 Things To Know Before Selling Your Home 2020-01-28T17:52:04+00:00

What First-Time Homebuyers Need To Know

Being a homeowner is a goal of many Edmonton residents. It is an exciting milestone. However, it involves considerations and careful thought. Things To Do The first thing you should do is prepare yourself financially and emotionally. Make sure that you are ready to settle down. At the same time, you should also have the capacity to finance your purchase. You should also be aware of the real estate law in Edmonton. Here are a few more tips to think about before finalizing your purchase: Make sure you can pay for the down payment and have a stable source of income for the mortgage.Get a pre-approved loan. Weigh your interest rate mortgage options.Be aware of possible closing costs.Research the neighborhood.Consider the type of home that suits your needs and lifestyle. A Lawyer’s Help A property lawyer can help you understand the process and ensure that you comply with all legal requirements. The lawyer will also provide you with legal assistance as you go through the purchasing process. As a first-time homebuyer, you may have never interacted with a real estate lawyer before. So, here is some information [...]

What First-Time Homebuyers Need To Know 2019-12-20T18:11:54+00:00

What Does A Conveyancer Do?

Purchasing or selling a real estate in Alberta comes with responsibilities. It is not a simple signing of a contract. One should follow the process that the law has set. To be able to comply, some people choose to hire the services of a conveyance lawyer to deal with legal requirements. The Process In real estate transactions, conveyancing refers to the preparation of documents for the legal transfer of a property. Thus, a conveyancer is someone who offers legal assistance to either a buyer or a seller. He or she will help ensure that the client meets all legal obligations and protect their rights during the transaction.  Their Role In 2001, Western Law Societies came up with a protocol to respond to changes in conveyance and real estate marketplace. Under this, each provincial law society had to develop a protocol that corresponds to the needs of each province. Among these is the Alberta Conveyancing Advisory Committee, which came up with a local protocol prescribing enhanced standards in the practice of conveyancing. It also included the essential steps that a real estate lawyer should take and his or her [...]

What Does A Conveyancer Do? 2019-12-20T18:11:35+00:00

Top Red Flags During Home Inspection

Many people include purchasing a home in their priorities. However, it is not an easy process. It can even be exhausting. That is why some people decide on getting a property sale lawyer in Edmonton to assist them with the purchase. This way, they can ensure that everything goes through the legal process. Aside from the legal transactions, there is one thing that a buyer also needs to focus on – home inspection. The results of a home inspection can easily change the course of your transaction. That is why hiring a qualified home inspector is crucial. You would not want to buy a house and find out about problems when it is already too late. Role of Home Inspectors These people inspect the residential property you are interested in and provide a report on their findings. The idea is for you to use that report as a basis for your decision. Through them, you will find out about issues that may affect the purchase price of the property. Red Flags Home inspectors will check every nook and cranny. While some issues are minor that one can resolve, [...]

Top Red Flags During Home Inspection 2019-12-20T18:11:16+00:00

What Can I Expect From The Closing Process As A Buyer?

Purchasing a home is an exciting adventure. However, it also comes with a process to ensure that everything is in order and legal. One of the steps that you should pass through is the closing process. Real Estate Closing In the world of real estate, the closing is the final step. After all the negotiation, the seller finally accepted your offer. However, the process is not over yet. You will have to agree on a closing date. That is when you become the legal owner of the property. Some people choose to hire a lawyer for real estate in Edmonton to assist them with the legalities of the purchase. The closing, which is also known as the settlement, is the process wherein you perform the agreements you have made with your mortgage lender and the seller. It usually involves the simultaneous exchange of various documents and necessary funds for the completion of the transaction. What To Expect You should ensure the completion of all financing paperwork and searches before the set closing date. Having a lawyer for real estate in Edmonton can help you get through [...]

What Can I Expect From The Closing Process As A Buyer? 2019-12-20T18:11:00+00:00

Preparing For Your Home Sale

Every seller’s goal is to sell their product fast while getting the set profit, or more if possible. The same applies when one is selling a home. However, it is not easy to achieve. One should have careful planning and preparation. While you can rely on real estate lawyers in Edmonton to help you, you should also do your part. Preparing The House You do not have to do a lot when it comes to the property itself. All you need to do is make it as presentable and inviting as possible.  Depersonalize it by removing all photographs and heirlooms.Clean all parts and declutter.Organize all spaces, including storage cabinets.Make all repairs and ensure that everything is in good condition.Eliminate anything that produces bad odors like a litter box. You can also spray air freshener.You can also give the home a makeover by applying a fresh coat of paint.Consider home staging to make the place look more spacious and give prospective buyers a chance to imagine themselves living in it. Preparing For The Process The selling process is not easy. You have to interact with various people [...]

Preparing For Your Home Sale 2019-12-20T18:09:18+00:00

How Does Staging Affect Successful Home Sales?

Selling a home requires a lot of effort. Putting up that for sale sign may not be enough to ensure a transaction. For legal requirements, you may need a home selling lawyer in Edmonton. As for attracting buyers, that will depend on how you present your property. Home Staging When selling a home, you need to make sure that your property will stand out among competitors. Taking an extra step to make a good impression can go a long way. One popular way to increase the selling price of a home and decrease the selling time is home staging. Contrary to what many people think, home staging is not all about decorating. Yes, it is about arranging furniture, adding details, and improving the landscaping to showcase the beauty of one’s property. But, it is more on depersonalizing your home to make prospective buyers imagine living in it themselves. Benefits For Sellers Some people think home staging is an unnecessary expense. However, it comes with many benefits that will pay off the investment you have made. People say that first impressions last. The same is true for [...]

How Does Staging Affect Successful Home Sales? 2019-12-20T18:08:43+00:00

Comparing Fixed Rate And Variable Rate Mortgages

Most, if not all, people who purchase real estate get a mortgage. However, it is not a simple process. You may even require the assistance of a mortgage lawyer in Edmonton to help you decide. The reason is that there are financing options you need to understand so you can come up with a decision that is suitable for your needs and situation. Weighing Your Options Among the financing options that you can choose from are the fixed rate and variable rate mortgages. Both types of loans have advantages and disadvantages. Weigh them before coming up with a decision. Fixed-Rate As the name suggests, this type of mortgage offers a fixed interest rate at the beginning of the term. It is not subject to any changes during the mortgage term. It may be best for someone who wants a set amount for monthly payments. However, the interest rate may be higher for this loan. One advantage of this is it has a lower long-term risk.  For example, you have chosen a five-year term with a fixed rate. All of the payments you have to make would [...]

Comparing Fixed Rate And Variable Rate Mortgages 2019-12-20T18:08:11+00:00

Are You Ready To Purchase A Home?

Purchasing a home may be one of the most significant investments a person can make. Most people have it listed in their life goals and dreams. If you are planning on buying your first home in Edmonton, you should keep in mind that it requires more than putting up an offer. It comes with a lot of considerations. The Signs Being a homeowner comes with responsibilities. Make sure you can handle them. You will also have to undergo a legal procedure to ensure everything is in proper order. If you find the process a bit overwhelming, you can look for an affordable real estate lawyer in Edmonton to help you. You can afford it. Having the desire to own a house is not enough. You should have enough savings to pay for the down payment. Be aware of how much you can afford. According to the Real Estate Council Alberta (RECA), the amount for down payments is typically at least 5% of the purchase price. However, some lenders also offer mortgage options to help buyers with the down payment. You have a good credit score. Lenders use credit [...]

Are You Ready To Purchase A Home? 2019-12-20T18:07:09+00:00