Real Estate Purchase Process
Whether it's your first home, a vacation cottage, or a city condominium, purchasing a property marks a significant milestone in your life. It often represents one of the largest investments you'll ever make. With this in mind, TDJ Law's seasoned real estate attorneys in Ottawa commit to managing your purchase with the diligence, care, and personalized attention you deserve. Our client-friendly premises offer free parking and flexible operating hours to accommodate your schedule, making the entire process as convenient as possible for you.
Below is the real estate purchase process at TDJ Law:
Step-by-Step to Your Dream Property
1. Reach Out for a Quote
Start your journey by reaching out to us for a cost estimate. You can call our office or explore our competitive flat-rate legal fees on our website. We'll ask you some basic questions about your transaction, then provide an all-inclusive quote, encompassing our legal fees, third-party charges, and taxes. Furthermore, we offer a price match guarantee should you provide a written quote from another law firm, ensuring you get the best value possible.
2. Crafting Your Offer of Purchase
The next step involves drafting the "OREA Form 100" or "Agreement of Purchase and Sale" if you haven't yet made an offer. You can contact us directly or work with your realtor to have one expertly crafted. This is a pivotal part of the process, as it sets out the terms of your offer to the property seller.
3. Reviewing Your Offer
If you've already made an offer, our Ottawa Real Estate Lawyer will meticulously review it with you. We will ensure you comprehend your rights, obligations, and any special conditions outlined in your Agreement of Purchase and Sale. Our goal is to ensure you're fully informed and confident in your transaction.
4. Securing Your Mortgage
Should you need assistance with securing a mortgage, we can connect you with our network of trusted mortgage brokers. They can help you acquire the necessary financing at competitive rates, simplifying another potentially complex part of the process.
5. Managing All Legal Work
We will handle all the necessary legal work, from reviewing contracts to liaising with other parties involved. Throughout this process, we'll keep you informed about your purchase status via email and phone calls.
6. Signing Your Closing Documents
Approximately 3-5 days prior to your closing, we'll invite you to our office to sign your closing documents. This package will detail the financial aspects of your purchase, grant us the authority to close your deal, allow us to transfer funds on your behalf, and enable us to obtain Title Insurance. We take the time to explain all documents you sign, ensuring you fully understand your purchase transaction.
7. Collecting Your Keys
Finally, we will notify you as soon as your keys are ready for pickup at our conveniently located office. Congratulations! You've just completed your property purchase with TDJ Law - a seamless, stress-free experience.
Get in touch with TDJ Law for more information on the real estate purchase process and to get a quote!
Please note that the information contained on our website is intended to provide a general overview and is not a substitute for professional legal advice. It is shared without any representations or warranties, express or implied, concerning its accuracy or completeness. For personalized advice or specific legal concerns, please consult with a qualified attorney.