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If you live in the United States but are ready to purchase a retirement property in Canada, you'll want to meet with a real estate lawyer in the area where you'd like to live. If you have been vacationing in the area for years and are already familiar with where you want to live, a real estate lawyer may be a better fit for your purchase than a real estate agent. Here are a few reasons why getting in contact with a lawyer may be the best option to find and purchase your property.
Paperwork
Since you aren't a citizen of Canada and you aren't going to be purchasing the property with Canadian currency, there will be a lot of paperwork required with the transfer of the property titles, loan information (if needed) and more. The legal professional is the best expert to complete all of these tasks for you because they have the law knowledge for dual citizenship and ownership. Purchasing a property internationally will have a lot of stipulations the lawyer is trained to handle.
Cost Savings
If you hire a real estate agent to look at properties, and the properties are listed by another real estate agent, the commissions of two different agents are on the line with a sale. This costs both you and the seller money. By hiring a real estate lawyer, you can get into the properties that you want to see, and your lawyer isn't worried about a commission because they are paid hourly. This leaves more room for negotiating since the real estate agent for the seller doesn't have to split commission.
No Pressure
A real estate agent doesn't get paid unless you decide to purchase a property, and, the more valuable the property, the more they get paid. This isn't the case with the real estate lawyer that will work on your sale, so they aren't going to pressure you, email you, call you and constantly send you listings in the hopes that you'll buy a home from them.
After you know what new property you want to make an offer on, you can contact a real estate law professional in the area to get the inspections and appraisal in motion. The lawyer can help with any price negotiations or issues that come up during the buying process. Contact Real estate lawyer David Cohen if you would like more information or if you are thinking about purchasing real estate in another country.
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