Buying or selling real estate is one of the largest financial transactions most people will make.
A real estate lawyer plays a critical role in protecting your legal and financial interests.
What Does a Real Estate Lawyer Do?
A lawyer will:
- Review agreements of purchase and sale
- Conduct title searches
- Identify encumbrances or liens
- Manage closing funds
- Ensure legal compliance
Common Issues in Real Estate Transactions
- Encumbrances (ie. liens, mortgages) on the property
- Easements
- Obtaining financing
- Unpermitted renovations
Why Legal Oversight Matters
Myth: My real estate agent and mortgage broker handle everything.
Reality: Agents and brokers facilitate transactions — lawyers protect your legal rights and ensure the deal gets across the finish line.
Final Thoughts
A small oversight can lead to major financial consequences.
If you are buying or selling property in Ontario, Martin & Hillyer Associates can ensure your transaction is handled properly.