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Real Estate Law
Legal Resources and Real Estate Lawyers in Sudbury
If you are looking at buying or selling a property in Sudbury or already have an accepted offer, you need to look for a real estate lawyer to assist you with your closing. Paquette & Paquette has the legal resources and experience to help you with any real estate transaction in Sudbury. Two of our lawyers - Norman N. Paquette and Josee J. Paquette - specialize in real estate law and will do their hundred percent to ensure your deal goes smoothly.
We will act for buyers or sellers of residential and commercial real estate, vacant land, cottages, and farms, help with mortgage transactions, and Planning Act matters such as severance consent applications. We will ensure your rights as a buyer or seller are always protected. Speak with our legal teams in Sudbury or Val Caron to know how we can help you with your real estate transaction.
What Do Real Estate Lawyers Do?
For the Buyer
For the buyer, a real estate lawyer ensures the transfer of ownership, the terms of your purchase agreement and the title to the property are cleared smoothly.
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Reviewing of the Agreement of Purchase and other legal documents
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Ensure no claims are listed against the property
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Arrange for Title Insurance
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Ensure there is a valid title upon closing
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Ensure property taxes are up to date
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Calculate the land transfer tax due on closing
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Draw up mortgage documents
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Close the transaction and ensure all legal and financial conditions are met
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Exchange legal documents and keys with the seller’s lawyer
For the Seller
On the seller’s side, the real estate lawyer ensures the transaction goes smoothly and all legal aspects are covered. It includes:
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Reviewing of the Agreement of Sale and other legal documents
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Help with negotiating all terms and conditions
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Prepare the deed to your house
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Deal and remedy title issues if and when they occur
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Close the transaction
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Ensure all legal and financial conditions are met
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Exchange legal documents and keys with the buyer’s lawyer
When & Why Would I Need a Real Estate Lawyer?
Buying or selling a house is a big step, and it is essential to seek legal guidance from a professional who knows all the rules and regulations of real estate. Whether buying or selling a house, you must file a lot of paperwork and read through lengthy and intricate contracts. Our real estate lawyers in Sudbury are familiar with the local processes and support your case.
Some of the common reasons you might require a real estate lawyer include:-
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Purchase or sale of property—Whether you are purchasing or selling a property, a real estate lawyer can guarantee that the process is well executed by writing up contracts, preparing the relevant documents, and ensuring that everything is legally done.
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Title search and issues—A lawyer will likewise conduct a title search in detail to ensure that the property is devoid of any previous claims, controversies, or encumbrances that would affect your title.
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Contract review—Real estate properties are usually sold through very complicated agreements. A lawyer ensures all the terms are understandable and reasonable and favours you to avoid any unsuitable term that may be incorporated in the document.
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Mortgage and financing—When a mortgage is required, a lawyer may analyze the loan and other financing documents to guarantee that they do not contain hidden terms that violate the law concerning fair mortgage lending.
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Closing process—At the final stage of the deal, where everything is signed in closing, the lawyer performs the legal documentation and monetary transfers and ensures that all the contract terms have been fulfilled before the completion of the transaction.
What Are the Advantages of Working with a Real Estate Lawyer?
The advantages of working with a real estate lawyer in Sudbury are
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Review contracts
Real estate contracts tend to be lengthy and involve unfamiliar legal jargon. A real estate lawyer will thoroughly read your contract and ensure you understand the terms. We will ensure the contract you are signing benefits you. -
Ensure the buying or selling process goes smoothly
A real estate lawyer is your advocate and legal representative to ensure all parties' transactions go smoothly. -
Handle the title search
When buying a house from someone, checking if they have the right to sell the home is essential. Our lawyers will reassure you that everything is legitimate so that you can proceed with the purchase. -
Filing paperwork
Our real estate lawyers will handle all the paperwork involved in buying and selling a house and ensure that the title transfers are filed correctly in the right place.
FAQs
Below are some of the frequently asked questions to provide a better understanding of real estate lawyers in Sudbury.
How Long Does the Closing Process Take with a Real Estate Lawyer?
The closing process typically takes 30 to 90 days, depending on the complexity of the transaction. A real estate lawyer handles all the necessary paperwork and ensures the process is completed on time.
Can a Real Estate Lawyer Help with Mortgage Financing?
Yes, a lawyer can review mortgage documents and ensure the financing terms are fair and legal. They also help facilitate the mortgage registration process to meet all legal requirements.
What Happens If There Are Issues with the Property After Closing?
If issues arise, such as undisclosed defects or legal disputes, your lawyer can represent your interests and guide you through any legal actions necessary to resolve the situation.
How Do I Find the Right Real Estate Lawyer in Sudbury?
Look for a lawyer with experience in real estate transactions, good client reviews, and familiarity with Sudbury’s property market. Referrals and consultations are also helpful in selecting the right lawyer.