Considering the possibility of selling your home? To prevent unexpected transaction fees and ensure a seamless sale, contact Chandra Law Group now to talk with our closing lawyer.
Engaging in the sale of your property can be a thrilling endeavor, as it signifies the prospect of new possibilities and a rejuvenating beginning. Engaging the services of a real estate attorney might prove beneficial in navigating the intricate and ambiguous realm of property law. A lawyer from Chandra Law Group can provide answers to your inquiries and offer assistance at any point during the process of selling.
Various expenses are involved in the process of selling a property, such as insurance and mortgage discharge fees, inspection fees, and legal fees, among others. These expenses can accumulate rapidly, which is why it is crucial to have a companion by your side to prevent any unexpected occurrences.
Furthermore, it is imperative to engage the services of a lawyer to identify possible complications that may arise, such as obtaining pre-approval for financing a new property, assessing the property's value, estimating the overall expenses for the sale, and verifying the absence of any issues with your existing mortgage or property title.
The process of selling property involves a series of steps and procedures to transfer ownership of a property from the seller to the buyer.
Although the process of selling a home may differ based on the intricacy of the property, the following is a straightforward and standard step-by-step approach for selling a property.
A. Retainer
a. A retainer is a fee paid to secure the services of a professional or to retain their services for a certain period of time. When engaging the services of a real estate lawyer for the sale of your property, it is crucial to have a clear understanding of the specific services they will be offering. Chandra Law Group issues a Retainer Letter to all clients, outlining the specific services we offer to facilitate a seamless procedure.
B. Negotiations:
After making the decision to sell your property, we may assist in alleviating your stress by participating in the bargaining process. The Chandra Law Group will guarantee that you receive an equitable proposal and do not make any commitments that you are unable to fulfill.
C. Updating your Address
When selling your home, it is crucial to promptly update your address to that of your new property. This can encompass the process of revising utilities, driver's licenses, and other official papers to accurately indicate your updated address.
F. Finalizing the Transaction
After you have completed the signing of all the essential paperwork, our real estate attorney will conclude the procedure and guarantee that all the obligatory documents, payments, commissions, and taxes are properly handled.
D. Granting approval to your offer
Upon receiving a favorable offer, our closing attorneys will meticulously draft the necessary paperwork for the completion of the sale.
E. Completing Documents
Upon approval of an offer, the buyer's legal representatives are required to meticulously draft and complete specific documents prior to the finalization of the sale. We will arrange a meeting with you at which you will be required to furnish us with the house key, a government-issued identification, and a void cheque if you like to have the proceeds from the sale deposited straight.
