Monday, 12 January 2015

Finding a Real Estate Law Firm in Ottawa

When you are a first time buyer of real estate or an experienced one knowing when you need a law firm is as important as having the right mortgage company. The following information should help guide you in finding the right law firm to help you negotiate your real estate purchases in and around the Ottawa area.

  • First, always look for experience in this specific field. Remember this rule, rule number one, ‘never hire a carpenter to fix the plumbing.’ This also takes into account any assistants working with the lawyer in question.
  • Determine their focus, such as if you deal in commercial land development, then the lawyer should too. Refer to rule number one.
  • Ensure that you can access their expertise should you have questions or concerns about certain aspects of a purchase. Additionally, they should be present upon closing to assist and clarify what the documents are and why you should sign.
  • Respectively the law office and the mortgage office should connect by affiliation. In cases where a bank provides the funding, this same should apply.
  • Any Law office in Ottawa should have some recognition with the upper Canadian Law Society. The better the standing the more apt the law office is to serve your interests.
  • When it comes to paying the law office, have a written contract that categorically states how much they charge and what services they supply during the process of purchasing the desired real estate.
  • Storing your documents, the both law office and you should consider the use of an electronic means to store all documents pertaining to the purchase. This facilitates avoiding the loss of any important information to accidental shredding or other types of destruction.
  •  Part of a real estate lawyers function is to obtain title insurance for the real estate transaction, and the cost of this should have been placed as part of the overall fee for the lawyer. What you do not need is a hidden fee.
These are some of the points one should consider when looking to hire a law firm in Ottawa. While some may think this list appears longer, there are certainly more things to consider. The main point to take away from this is looking for experience in the field of law you need, residential or commercial real estate. Remember rule number one ‘never hire a carpenter to repair your plumbing.’ This applies to all types of business transactions.

Consult with real estate law specialist McLeans Lawyers to get the right help.