When it comes to buying your home, do you have everything under control? Even before you buy a home and sign on the dotted line (which, by the way, is binding), you need to have lawyers in Winnipeg look it over. Lawyers who practice real estate law in Winnipeg may be able to help you review contracts and see if there is anything in there that doesn’t need to be there. Your lawyer will be able to help you sort through the terms and make sure everything is on the up and up when it comes to your home.
Read on to find out more about real estate law in Winnipeg, as it pertains to you.
How Real Estate Lawyers Can Help You Buy a Home
When it comes to property that you’re buying, the deed or title goes to the new owner. As you can imagine, that involves a bit of preparation and going over the terms with a fine-tooth comb. Buying your home with the help of a lawyer means that everything will be taken care of accordingly, whether it’s getting the keys to a purchase and meeting the conditions, or pointing out issues that you have with the terms and conditions of the party that is selling. They will confirm funds have been remitted, conditions have been met, that the title has been registered and the purchase is moving ahead.
They will also help you work through any other issues that are preventing you from buying the real estate, as well. You may need to see a registration of mortgage discharge that confirms the property they are buying has no mortgages. They will also help you figure out the land transfer tax and the registration fee. The tax is collected by the land titles office and is payable by the buyer. Bet you didn’t know that you have to pay to transfer land! When title documents are given for registration, you can pay the tax then. You may also be charged to register a mortgage and you could also be charged for a survey or building location certificate that says whether a building or structure on your property goes onto another property or vice versa.
Hiring lawyers in Winnipeg means that you get to sort through all the fun stuff like survey certificates, fees, and even title insurance in place of a building location certificate and zoning memorandum. A tax certificate will also show that all taxes for the property are paid, which can cost different amounts, depending on where you are.
Find lawyers in Winnipeg that offer to guide you through everything concerning real estate law in Winnipeg. Your real estate lawyer has the knowledge to walk you through this process and help you sort through all of the paperwork (and some days it will seem like there is a lot). Check out what a real estate lawyer in your area can do for you when buying a home and you will be able to see first hand how having legal assistance on your side is beneficial.