You found the house. Your offer was accepted. You’ve mentally placed the couch, picked a paint colour and possibly already figured out where the Christmas tree belongs.
Now comes the decidedly less Instagrammable part: actually closing on your home. And while this stage may involve fewer Pinterest boards, it’s an important one.
What Happens After Your Offer Is Accepted?
Once conditions are satisfied and your purchase moves toward closing, there are several pieces moving behind the scenes.
Your residential real estate lawyer will review the legal documents involved in the transaction, help arrange the transfer of funds and work through the steps required to transfer the property into your name.
Your lawyer also reviews the adjustments for items such as property taxes and other costs associated with the transaction to make sure that you and the seller are square on closing day.
In other words: there’s a lot happening between “SOLD” and “here are your keys.”
Why Involve a Real Estate Lawyer?
Buying a home is likely one of the largest transactions you’ll ever make. Having someone focused on the legal side of that transaction gives you an opportunity to ask questions, understand what you’re signing and address issues before closing day.
Our goal is simple: make the legal portion of your home purchase feel clear, organized, and considerably less intimidating.
Because buying a home should feel exciting, not like you suddenly need a law degree to understand what happens next.
Buying or selling residential real estate in Calgary or Alberta? Contact Swift LLP to learn how we can help with your transaction.
