Are you selling your home and then buying another one?
Selling and then purchasing a new home is very exciting, but the complex conveyancing process can potentially be stressful and confusing. That’s where Pax Law comes in – we are here to make the transactions as smooth as possible. We at Pax Law can help the process of the residential real estate sale followed by a purchase efficient and smooth as possible.
When we receive the conveyancing instructions from the realtor, and signed contract of purchase and sale, we take it from there. We handle the due diligence process, preparing the transaction documents, transferring funds and holding them in trust as required, paying out any existing mortgages or other charges and providing proof, and obtaining the discharge of mortgage so you can complete the financing on your next property.
Our real estate lawyers oversee the legal aspects of real estate transactions.
We prepare and review legal documents relating to real estate, negotiate the terms and conditions of the transactions, and facilitate the transfer of titles. All our real estate lawyers are equipped with excellent negotiation and analytical skills; they are organized, professional, and well-informed. They ensure that real estate transactions are legal, binding, and in the best interest of the client that they represent.
You deserve to have peace of mind during this major life transition. Let Pax Law take care of all the legal real estate sale followed by purchase details for you, so you can focus on what’s really important – moving into your new home!
Move forward with Pax Law today!
Pax Law now has a Dedicated Real Estate Lawyer, Lucas Pearce. All real estate undertakings must be taken from or given to him, NOT SAMIN MORTAZAVI. Mr. Mortazavi or a Farsi-speaking assistant attends the signings for Farsi-speaking clients.
Can a law firm represent both buyer and seller?
No. The buyers and sellers have conflicting interests in a real estate transaction. As such, the buyers and sellers must be represented by different law firms.
How much are real estate lawyer fees?
Depending on what law firm you choose, typical real estate transfer fees may range from $1000 to $2000 plus taxes and disbursements. However, some law firms may charge more than this amount.
Can a lawyer be a real estate agent?
A lawyer does not hold a real estate agent license. However, lawyers can assist you in drafting a real estate contract of purchase and sale. This job typically falls within the scope of the real estate agent and therefore, lawyers typically do not draft residential real estate contracts of purchase and sale.
Can you use the same law firm to represent both parties?
No. The buyers and sellers have conflicting interests in a real estate transaction. As such, the buyers and sellers must be represented by different lawyers and law firms.
Is it possible for a lawyer to represent a lender and buyer?
In residential real estate transfers, lawyers typically represent the lender and the buyer. However, if the buyer is obtaining mortgage financing from a private lender, the private lender will have their own lawyer.