Do I need a lawyer to buy a house?

by Michael
(Burlington, Ontario)

My wife and I are looking at new homes for the first time. Should I also be seeking out a lawyer to do the legal work?


Thank you.

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Sep 25, 2015
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lawyer
by: Anonymous

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Nov 19, 2013
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Great Post!
by: Paul Hammond - Right At Home Realty

Marie,

Your comments are great! I would like to add that if your client is buying a Condo the Lawyer also plays a very significant role in reviewing and recommending the content of the Condo Status Certificate.( the financial well-being of the condo corporation)

Paul.

Nov 01, 2013
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First Time Home Buyers do need a lawyer to buy a house
by: Response:

Michael, thank you for your good question.

First, I would like to direct you to my "First Time Home Buyers" page on this website - you will find a wealth of valuable information for new home buyers like you.

Here is a link: https://www.mariecopeland.ca/first-time-home-buyer-mortgage.html

But, to answer your question, yes you will need a real estate lawyer to close on your new home purchase. However this is the last step in the home buying process.

You'll need to select a solicitor by the time you have placed an offer on the home of your dreams. To start with, your realtor will be sending him/her the Offer To Purchase once your purchase is firmed up.

Your mortgage broker will follow with a mortgage approval and your lender with their instructions and money to close the transaction.

The fire insurance company will provide him/her with an insurance coverage binder to protect your home in the event you suffer a fire. Fire insurance is a must in order to get a mortgage.

Just prior to closing, your lawyer will do all necessary searches to protect yours and your lender's interest ... and finally, complete the purchase and give you the keys to your new home.

But there is a lots to do before that. So, make sure you visit my "First Time Home Buyers" page to learn about mortgage pre-approvals, the mortgage qualifying process, your closing costs, and more.

Here is the link again: https://www.mariecopeland.ca/first-time-home-buyer-mortgage.html

If you need more details, please contact me using the "Contact Us" link at the top right of this page.

Marie Copeland, FSU, Mortgage Broker, Axcess Mortgage and Loans Financing.

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