Real Estate Law
Selling or Refinancing
Your Home or Business
Understanding Real Estate Law
Residential or commercial real estate transactions can be a challenging and complicated process. McLean Legal’s Calgary real estate lawyers will make this process as smooth as possible by identifying and analyzing your deal to protect your interests and investments.
Whether you are a first-time homebuyer or an experienced investor, we can assist you with the purchase of a new or existing property, including single-family homes, condominium units, acreages, mobile homes, and foreclosures. We can help you by reviewing your purchase contract, the title of the property, due diligence searches, and preparing the legal and mortgage documents.
Accounting for Legal Fees & Disbursements
Legal fees must be accounted for when buying or selling a property. Residential legal fees are flat rate plus disbursements. The overall cost is dependent on the specific elements of your transaction. Our lawyer can explain our fees and provide a quote during our consultation
Whether you are buying or selling a property, it’s recommended that you consult a lawyer before signing a purchase agreement or after a offer has been made. Our lawyers can review the documents, ensuring you understand the terms of the agreement. As the leading real estate law firm in Calgary, we can support you at any stage of your transaction.
Preparing to Buy a House in Alberta
Purchasing a house or condo for the first time in Alberta is a huge milestone. Prepare for it by getting a pre-approval from the bank, and determining what features of a home and community are most important to you. Then, commence searching for a property within areas you enjoy and within your budget. Finally, when you find a place you love – make an offer!
Generally, yes. If you are financing the purchase, a lawyer is required to provide legal advice and prepare the mortgage documents, as well to conduct closing and provide undertakings.
Having a lawyer review all legal and mortgage documents can ensure that your down payments and investments are protected from the beginning. This can be done through co-ownership agreements, caveats, or through will and estate planning.
Outside of the purchase costs, on going costs can include property taxes, home or condo insurance, condo fees, and residential association fees. It’s best to consider these costs when looking for your new home.