Real Estate Lawyer Edmonton

practice areas Real Estate Lawyer Edmonton

Experienced Edmonton Real Estate Lawyers Serving Alberta

At Taurus Law, we understand that real estate matters can be complex and often have significant financial implications. Our team of experienced real estate lawyers is here to provide you with expert legal services and guidance for all your real estate needs. Whether you are buying, selling, leasing, or facing a real estate dispute, we are dedicated to protecting your interests and ensuring a smooth and successful transaction.

Our Real Estate Law Services

Buying Real Estate

Our lawyers will guide you through the entire process, from offer to closing, to ensure a seamless and successful home purchase.

Selling Real Estate

We’ll assist you in selling your property, ensuring all necessary documentation is in order and protecting your interests throughout the transaction.

Lease Agreements

Whether you are a landlord or tenant, we can draft or review lease agreements to safeguard your rights and responsibilities.

What is Included in Real Estate Legal Fees?

Buying or selling a property, whether it’s a home, condo, or townhouse, is one of the biggest financial decisions most Canadians will make. At Taurus Law, we offer exceptional legal services backed by our many years of experience in Alberta’s property market. We understand the legal and financial complexities that come with every real estate transaction. Here’s what is included in real estate legal fees.

Legal Fees for Buying Real Estate in Edmonton

The estimated legal fee for buying a property is $495. If your real estate purchase involves a mortgage, there’s an additional $450 fee. For each extra mortgage, you should add about $250. These fees reflect the legal work required to review legal documents (like contracts), manage lender instructions, and complete the necessary registrations. Please note that GST and third-party disbursements are not included in the base fee.

Real Estate Sale Fee

When selling, property owners will pay approximately $495. If you are selling a condominium, an additional $100 fee may apply. If there is no current real property report with municipal compliance, another $100 fee may be added. These fees cover legal document preparation, title discharge, and other aspects of your house sale. GST and disbursements are charged separately.

Mortgage Refinancing

The estimated fee for mortgage refinancing is $495 and includes the discharge of any existing mortgage agreement. If there are additional payouts to be completed during the transaction, a charge of $25 may apply for each extra payout. As with all other legal services, GST and disbursements ins’t included in the initial fee.

Additional Solicitor Fees may Apply

If your real estate transaction is scheduled to close within three weeks or less, additional legal fees may apply due to the urgency of the work. For a real estate closing within three weeks, you may pay an extra $100, $200 if the transaction closes within two weeks, and $250 if the transaction closes within a week.

Title Insurance

In some cases, mortgage lenders require title insurance to ensure the transaction closes on time. If this is necessary, an additional fee between $150 and $300 may apply. Upon request, we can arrange a title search and insurance on your behalf and ensure it aligns with your lender’s requirements.

How to Choose a Real Estate Lawyer in Alberta

When you’re buying or selling property in the Edmonton area, choose a real estate lawyer who can meet your legal needs and will act in your best interests. Real estate is a major investment, and the lawyer you work with should have the knowledge and experience to protect every part of that investment.

In Alberta, real estate law isn’t always straightforward. The rules change often, and even minor errors can lead to unnecessary delays or extra costs. That’s why it’s important to hire a lawyer who focuses on real estate, not someone who only handles real estate or commercial transactions occasionally.

During your initial consultation, take the time to determine if a potential real estate lawyer is good for you. A reliable real estate lawyer should be approachable, clear in their communication, and honest about what to expect. If anything feels rushed, vague, or too good to be true, it’s okay to keep looking for another lawyer.

It’s also wise to ask about the legal fees before you sign a contract with a law firm. At Taurus Law, we take pride in offering knowledgeable guidance for property buyers, sellers, and homeowners across Alberta. We’ll walk you through every step and help you feel confident about your decisions.

Contact Taurus Law Real Estate Legal Team Today

If you are in need of legal services for your real estate matters, contact Taurus Law. We are here to provide you with expert legal representation and legal insights for all your real estate needs.