by Stuart Neal
on Tuesday, May 15th, 2018 at 9:28am.
What Would a Lawyer Say?
Many of our clients ask at what point they bring a lawyer into the process of buying or selling a home. Ask many lawyers this question and they suggest you bring them into the process as quickly as possible.
In some regards this makes sense as they are simply being protective of you the client.
What Do We Say?
Until you have a contract to purchase or sell a home, there’s really nothing to protect and as most lawyers charge by the hour, having a lawyer review every single document or consult with you on each step of the process could be expensive.
If you have chosen your REALTOR® carefully, they will help you take care of drafting a properly worded contract that gets you what you want. Lawyers sometimes forget that there are humans on either side of a transaction and are sometimes cold to the needs of people as they buy or sell a home. They are not always timely in communications and this won’t help either.
Your REALTOR® on the other hand knows that when they are helping you buy or sell that that there are lots of emotions at play and will coach you through the entire process. REALTORS® also know that delays in communications can kill of real estate transactions and they will make sure all matters are dealt with in a timely manner.
Once you have negotiated a firm transaction with the assistance of your REALTOR®, is the time to bring in your lawyer. Your REALTOR® will make sure your lawyer has all the paperwork they need to do what they do best, that is handle the final administration of securing mortgage funds and title transfer etc.