John Zinati, a 2021 ThreeBestRated® award-winning Real Estate Lawyer explains why you need a real estate lawyer when buying a property

Buying or selling a property can be both exciting and stressful. It is probably the most expensive purchase you will make. And the final process will inevitably involve a ton of paperwork. And without the help of a Real Estate Lawyer, going through all the legal documents can be challenging. 

But is it really necessary to hire a real estate lawyer when purchasing a property? What can they do for you? Let’s hear it from the expert, John Zinati, a 2021 ThreeBestRated® award-winning Real Estate Lawyer from Toronto.

When to Hire a Real Estate Lawyer?

“You can hire a good real estate lawyer at any stage of the journey. However, most of the time, the lawyers are hired when the transaction is firm, and there are no more conditions,” John says. This is when they are engaged to make sure that everything agrees to under the terms of the agreement is fully and properly attended to.

“With us, though, you do not have to wait till you have a signed agreement to reach out. We try to be helpful even before then at no charge and guide people through the process to a signed agreement and closer to their dream,” he further adds.

Why you need a real estate lawyer when purchasing or selling a property?

“When you buy a home, the first step is usually to sign an Agreement of Purchase and Sale. This agreement outlines the rights and obligations of everyone and sets out what must happen before final closing. As such, it is generally a good idea to have the agreement reviewed by a lawyer before you sign the agreement,” John says.

This will help prevent you from agreeing to something that is not in your interests. It is also important when buying a new home from a builder because of the numerous and lengthy provisions in the agreement, including those relating to extra charges and changes to the closing date.

“When you bring your new home purchase Agreement to your lawyer, he/she will review it and advise you of provisions and how they will affect your purchase. He/She will also very often recommend changes to be incorporated into the agreement to better protect your interests,” he explains.

About John Zinati – Zinati Kay Barristers & Solicitors:

Zinati Kay Barristers & Solicitors is one of the leading real estate law firms in the city that has been in practice since 1996. ” I closed my own transactions for a long time, including inputting, data, searching, banking, etc. This gave a fundamental understanding of all the steps involved in a real estate closing and taught me how to understand and deal with the issues that can arise,” John says.

In their 24 years of practice, they have closed more than 20,000 transactions. And not a single claim has been made on any of them, something the team is really proud of. They were also one of the first Firms to offer fixed total closing costs on transactions.

John and his team plan to continue their practice for the new reality this year, “We plan to continue our practice virtual signings and remote documentation and closing. This adjustment has gone well, and we will continue to refine our practice to make sure that it is as smooth as possible for all of our clients,” he says.

And despite the pandemic, John says that real estate continues to be a good investment in 2021. “One of the main factors and successful real estate investing is a long-term perspective. The longer your perspective is, the better you will do when you invest in real estate. That means that this current pandemic should be put into that context. One day, hopefully soon, this will be over, and when it is, people will get back into investing in one of the primary creators of wealth in our economy,” he explains.

John and his team have been consistently recognized as one of the top rated Real Estate Lawyers in Toronto by ThreeBestRated®. And they are honoured to receive the award for the third time in a row. “We are all quite honoured to be listed for the third year in a row with ThreeBestRated®. Our clients trust endorsement and believe in its objectivity and we are proud to have once again been granted this award,” he says proudly

To know more about Zinati Kay Barristers & Solicitors and the services they offer, visit their website, zinatikay.com.

About ThreeBestRated®

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