Navigating today’s real estate market can be tricky, especially when dealing with the fast-paced nature that Vancouver is known for. As an incredibly diverse and in-demand location, BC real estate can be “blink and you’ll miss it”. With the help of a skilled legal team, you can navigate the many challenges that come with buying and selling both residential and commercial property. Below, we’ll cover a few of the basic questions you should ask your real estate attorneys to ensure you’re covered, every step of the way.
What kind of experience do you have in this field?
Just like you wouldn’t ask your dentist about the nagging pain in your knee, not every law firm is best suited to handle real estate transactions. Asking your legal team what their breadth of experience is will help you gauge whether or not they have the relevant background for your specific needs. At Paperclip Law, for example, we’re happy to help clients with a wide variety of real estate needs, including buying and selling, deed transfers, securing a mortgage, and more.
What parts of the process will you assist me with?
An experienced real estate legal team will walk you through the buying and selling process and let you know in advance about what to expect. Lawyers can advise homebuyers what clauses they need to include in an offer, as well as what to leave out, assist with land title transfers, and much more.
What will my closing costs be?
Closing costs encompass everything from legal fees and administrative costs to reimbursement of property tax and utility fees to the seller. It’s highly advisable to get a clear idea of what you’ll be looking at ahead of time. It’s also wise to ask your lawyer how they bill with regards to real estate services and to factor in additional expenses like home inspections, and land transfer tax.
What do I need to do before the closing date?
One of the most difficult parts of any real estate transaction is staying on top of every little detail throughout the process. Real estate agents, brokers and lawyers are there to guide you, and your lawyer can help ensure all documentation is airtight before you sign on the dotted line.
Can you help me clarify my contracts?
Before signing any official documentation, it’s crucial to review your documents with a lawyer to ensure everything is on the up and up and that you are advised of all stipulations and binding details. A good legal team will encourage you to ask questions and stay informed, as well as guide you towards making the best decisions for your specific needs.
Partner With Paperclip Law
Since 2011, Paperclip Law has been boldly redefining the way individuals and corporate real estate clients interact see their legal advisors. Our team believes in forming longstanding relationships with our clients based on trust, transparency, and (of course!) unparalleled legal expertise. We’re here to guide you through real estate transactions, as well as a wide variety of additional legal services, one step at a time. Learn more by contacting our team today!