Why you need a lawyer when you buy or sell a home

When buying a house, it can seem you are in the dark, all alone, with no assistance. Yes, you have your real estate agent but I mean there are questions you may have that even they may not be able to answer. This is why it is extremely important to have a lawyer in this whole process.

A lawyers helps you to avoid problems that come with the purchase or selling of a home. It happens quite often that sellers sign brokerage agreements that do not deal with a number of legal problems. In most cases realtors use standard form and they are flexible to cover most circumstances.

Where there is no sale due to a fault, the seller may have to pay one or more of the brokerages even if the sale does not happen. If there is an agreement in place that gives the seller the right to negotiate on his or her behalf, this problem wouldn’t occur. A lawyer can also explain the effects of listing multiple properties. They can make sure the rights of the realtor are clear if the seller withdraws the property from the market or is unable to deliver good marketable value.

You and I, could be sellers tomorrow, and we have the right to get the proper advice and guidance that we need in terms of brokerage agreements. Regardless of if the agreement is standard or constructed personally by the brokerage, it is something that should thoroughly be explained to the seller. A lawyer will also assist you in the signing process, so that no mistakes are made.

Brokers have lawyers working with them for many years already. This means you can take advantage of someone experienced and trustworthy, rather than blindly just going with anyone. Most lawyers that work with brokerages are aware of their agreements and how they run their business, which makes the whole procedure less lengthy than it needs to be.

When you are buying a house, it may be a difficult process but you do not need to go through it alone. This a purchase which is going to have a big impact on your life & your future so its something you want to have full knowledge about. Its mandatory to read and understand all of the rules and regulations of all your house paper work contracts.

For more details, Contact our team of professionals today for the trustworthy and reliable service you deserve, at 416-241-2227 or email us at info@noblemortgages.ca to book an appointment with our extremely experienced mortgage broker.