Searching for the best real estate lawyer to handle the purchase or sale of a home, house, property or condo?
Many home buyers or sellers, and particularly first-time buyers or sellers, don’t understand the terminology surrounding real estate transactions. For example, do you know the difference between “compliance” and “non-conformance”. Compliance is the term used to describe a home that complies with city building codes and setback regulations; non-conformance means a home would not comply if it was rebuilt today, but it might be grandfathered because of its age.
Contact Healey Law if you are ready to buy or sell a home, house or property for the first time and need the help of a proven real estate solicitor in Edmonton. We are also a good choice if you are looking for a better solicitor fees to buy or sell a property or house and a higher level of legal help and guidance than you have received previously from a real estate law firm in Edmonton.”
You will find that our real estate legal fees to buy or sell a house or property are highly competitive and are in line with the legal fees charged by other Edmonton lawyers offering real estate legal services.
Buying or selling a home or condo is a big step for an individual or a family. It may be, and often is, the single largest financial transaction you have ever handled.
Quick facts about Real Estate Law and buying or selling a home
Sellers pay the real estate agents – Real estate commissions are paid by the sellers.
The importance of Clear Title – One of the most important functions completed by your Edmonton Real Estate Lawyer is a Title Search, completed to ensure you are getting a title clear of encumbrances or other issues.
No Land Transfer Tax – Alberta is one of the few provinces in Canada (the other is Sask.) that does not have a Land Transfer Tax.
Title insurance explained – In Alberta, Title Insurance is an insurance policy, typically sold for $200-$250 to the Purchaser and the mortgage lender. The policy provides protection against any losses related to the title, such as a lean on the property or a survey fault.
Real Property Report updates – You need to update your Real Property Report if it does not include all of the existing improvements to your property.