Working with a lawyer is key to protecting your investment and ensuring a smooth home purchase. Here's how they help:
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Offer Review
Lawyers review your offer to include escape clauses, warranties, and an itemized list of included items, protecting your interests. -
Managing Costs and Special Cases
They help identify additional costs (e.g., taxes, prepaid utilities) and handle complexities like new builds, condos, or unique property features. -
Post-Acceptance Tasks
Lawyers handle legal checks, prepare mortgage documents, and oversee the transfer of funds and keys. -
Title Protection
Ensure clear ownership through:- Lawyer’s Opinion: Legal confirmation of ownership.
- Title Insurance: Covers risks like title fraud or encroachments.
- TitlePLUS® Insurance: Includes title and legal service coverage.
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Facilitating Closing
They manage funds, insurance, and legalities for a seamless transfer of ownership.
A lawyer provides the expertise to protect your rights and simplify the process of buying a home.
Produced by the Ontario Bar Association in cooperation with the Law Society of Ontario.