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As well as being a significant financial transaction, buying and selling homes, buildings, and property can be a complicated process. If you make any errors during the selling or buying process, the result can be serious financial loss. When involved in real estate transactions, it is important to have an expert in real estate law to protect your interests. Hiring a real estate lawyer will ensure that you are not only protected, but you understand all of the fine details of the process, whether it is buying or selling real estate.
A real estate lawyer is an expert in the area of real estate law. An experienced real estate attorney understands the legal process and all of the legal documentation required for an error free real estate transaction. If you do not have a real estate lawyer and you make a serious mistake or leaving something important out of the documents, the results can be loss of the sale or purchase. It could also result in problems that could lead to costly litigation. An experienced attorney will ensure that the process runs smoothly without any costly mistakes.
Real estate lawyers provide a number of important services. When it comes to residential real estate, the lawyer will read over the purchase contract to make sure there are not any errors or omissions and your interests are protected. It is essential to have an experienced real estate lawyer look over all of the documents before you sign the contract. The attorney will review such important documents as mortgage documents, Deed, Bill of Sale, title, title insurance policy, survey, and legal descriptions. As well, a real estate lawyer can also work with real estate agents and mortgage lenders to make sure that important tasks have been completed such as home inspection, mortgage approval, and other legal issues that can affect a sale if not completed. They will also look over the property taxes, assessments, and explain them to their client.
The reason it is so important to have these real estate documents reviewed is it is essential to make sure there are no misspellings, mistakes in the legal descriptions, wrong numbers, and other mistakes that could affect the transaction. Not only do they make sure the transaction process is error free, but they make sure the transaction meets government laws regarding the buying and selling of residential property.
Real estate attorneys also represent commercial interests regarding a variety of legal commercial issues. This includes assisting with a real estate investment opportunities, real estate construction and development, complying with government codes and laws, acquisitions and sales, commercial leasing, leasing land use issues, zoning, financing, mortgages, and other commercial real estate matters.
Only an experienced real estate lawyer has the knowledge and expertise in the area of real estate law to protect a client. They understand the real estate process, the documents associated with a real estate transaction, and they can catch and fix any errors so that their client does not end up with future problems and expenses. Once you start a real estate process, you should hire a real estate lawyer to protect your interests and guide you through the process to ensure an error-free closing.
Weltman Bernstein is a leading Toronto law firm offering a wide range of legal services. Contact these expert Toronto real estate lawyers for legal services ranging from creating wills to purchasing a house. 
More articles by Paul Malcolm
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