Whether you are buying a home or selling a home, you will need to find yourself a real estate lawyer that you trust. As a Toronto real estate agent, I know the importance of finding yourself a good one!
Assess Your Requirements
Begin by understanding your specific needs and then narrow down your search. Do you need assistance in land severance application? A condo purchase? A new build? Commercial lease? There are several different types of real estate transactions which means there are lawyers that specialize in these various niches. Choose wisely!
Search for Options
If you are using Google in your search for the perfect real estate lawyer, be sure to avoid generic searches, be specific. If you are looking to purchase a new development, search for a pre-construction real estate lawyer. The more specific you are the more relevant your search results will be!
Check Out Referrals
This goes without saying. Do your research. Check out reviews online and search to speak with referrals who can give you an idea of how the process worked for them and their comfort using this lawyer.
Compare Costs
When considering costs, it’s essential to remember that the highest price doesn’t always guarantee the best service, and the cheapest option may end up costing you more in the long term. Rather than focusing on the price only, ask about the breakdown of fees as most residential transactions include a fixed fee along with additional disbursements. These can include various expenses incurred during the transaction such as title insurance, registration fees, software fees, etc. As a result, the final amount of your lawyer bill may exceed the initial quote. Some law offices offer an “all-in” amount that includes legal fees and disbursements, which avoids surprises. When you are shopping around, ensure you request your quote including disbursements. If this isn’t possible, you might want to avoid this real estate lawyer.
Know Your Real Estate Lawyer’s Name
Yes, it sounds so simple but it is a truly great piece of advice. You should know your real estate lawyer’s name. Ensure that you know who your working with and the actual name of the lawyer, not just assistants and clerks. If you cannot expect to speak to your lawyer directly, this is a red flag.
If you or someone you know is looking for a Toronto real estate lawyer, please feel free to reach out and we can help direct you to some of our trusted sources!
Legal Information provided by:
Zachary Soccio-Marandola
Real Estate Lawyer
socciomarandola.com
