Video: Do You Need a lawyer at Closing?
Wednesday Sep 16th, 2020
Do You Need a Lawyer at Closing?
The “closing” is the last step in a real estate transaction. Depending on your province’s laws, you may or may not be required to have a lawyer represent you at the closing.
It’s important to understand that while other lawyers may be present at the closing.
You can have your own legal representation and retain a lawyer to review all contracts… to represent you at the closing… and to answer any questions you may have.
If you choose to retain a lawyer, it is in your best interest to find one who specializes in real estate matters.
Seeking the advice of a lawyer is a good idea, particularly if the transaction involves distressed properties, estates, non-cooperative partners, easements, liens and judgements, or lot lines that are questionable.
Your REALTOR can explain what the protocol is in your area.