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The Difference Between The Service Given By Real Estate Lawyers and Title Companies?

When it comes to selling your home, which should you go for? A title company or a real estate lawyer? Actually, you can take any of the two but then you have to know what is the difference between the real estate lawyers and the title companies. Below will be some information that will state whose services can benefit you most.

Real estate lawyers

Real estate lawyers are the laywers who are adept in the field of real estate. They check and assure your interests as a seller in a transaction. These real estate lawyers play as if escrow agents as they can hold your earnest money, down payments as well as assist you with the documentation process. The real estate lawyer will explain all the legalities that lie in the sale transaction especially when it comes to the offer that is being given by the buyer and then your rights as a seller.

In the case that a certain case is not closed, the real estate lawyer will do the closing. Every real estate lawyer always carry with them these two most important responsibilities.

• To advise on the documentation process of the transaction
• To represent you at a closing

Aside from the two that are mentioned above, the real estate lawyer also negotiates if there are any modifications in the purchase contract that the seller wanted to incorporate. Another very important aspect the the lawyer handles is the seller's deed of the deed of sale. The real estate lawyer will absolutely accompany you during the meeting of the client at the time of settlement. He will give you some pieces of advice related to tax implications on your home of property sale.

Title companies

Title insurance companies are represented by these title companies which are really insurance agencies. This title company will give to a person the assurance that the title of a land is free from any claims of others and that it is also free from financial loss.

This title company will simply give a buyer the assurance that the title that the buyer got is free from any charge or claims against it. The title of any particular home or property will really be clear because the title company will really work on checking for it.The best thing about this is that both parties will be given the assurance of the thing that they dispose of and acquire.

The most common thing that happens is that most title companies insure a closing through the help of a lawyer to achieve certain requirements. The closing will also depend of the place where you are living. The natives in Toronto can simply hire the real estate lawyer for sale closings.


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