Legal Information For Purchasing a Property

Before you buy or sell a property it is important to be aware of the legal issues and matters surrounding the real estate transaction. Being informed ensures you will not have any unpleasant surprises and will help to make the buying and selling process an enjoyable experience.

There are legal expenses associated with the transaction of Real Estate and these fees are above and beyond the price of the property. Consult with your lawyer or ask us for referrals of experienced and knowledgeable Real Estate Law Professionals.

Below is a list of commonly asked questions about purchasing a property.

I am buying a home. When do I need to deliver the balance of my funds?

I have been pre-approved for a mortgage, is this good enough to waive conditions?

What factors should I consider in choosing a real estate lawyer?

What are the items that make up my legal bill?

When can I expect to meet my Real Estate lawyer?

What do I own when I buy a condominium?

Should financing be a condition of my offer to the Seller?

The financing has been approved for the property, is there anything else I need to do?

I need a new mortgage to purchase the home, what are the steps that I have to take?

Reprinted by permission from LeClair Thiebault and