Hidden Problems After Real Estate Purchase

Caveat Emptor: Buyer Beware.”

What can you do if you discover major problems with a property after buying real estate in Alberta? There are a number of legal and practical issues. First let me tell you about a situation that a client brought to me, and then I’ll explain what I advised. Continue reading

How to Become a Real Estate Investor

Focus on Real Estate: Quick Tips.

The way to become a real estate investor is by getting going. No matter how much you plan, analyze, and prepare, your first real estate investment deal is probably going to be a bit messy. But if you have a good strategy, and you keep using it, your next deals will be easier. Don’t wait for your first investment to be “perfect” or you might never get started!

This is the next instalment of Focus on Real Estate with Barry C. McGuire, a series of videos that provides bite-sized pieces of real estate knowledge.

For all your legal needs with Alberta real estate, contact Barry McGuire using the form below.

Videos co-produced by the Real Estate Investment Network (REIN) as a Google Partner.

Sales Tax on Real Estate Purchase

Focus on Real Estate: Quick Tips.

Do you have to pay sales tax when buying a home or investment property in Canada? The short answer is yes, but it varies by province as to how much you’ll have to pay. In Alberta, you only have to worry about the federal Goods and Services Tax (GST) because there is no provincial sales tax. Did you know that you can sometimes get a rebate on the GST when you buy real estate? In this video, Barry talks about the rules for personal residences vs rental properties when it comes to paying sales tax on real estate purchases in Alberta. If you need a real estate lawyer in Alberta, contact Barry at RMLO Law LLP.

This is the next instalment of Focus on Real Estate with Barry C. McGuire, a series of videos that provides answers to frequently asked questions about real estate.

If you’re buying or selling real estate in Alberta, Barry can help. Contact him now using the form below.

Videos co-produced by the Real Estate Investment Network (REIN) as a Google Partner.

How Long to Close a Real Estate Deal?

Focus on Real Estate: Quick Tips.

Closing a real estate deal in Alberta has two parts. The first is when you are putting together the purchase contract. The second is after conditions have been removed from the contract. In this video, you’ll get Barry’s expert opinion on how long you really need to take care of due diligence, home inspections, mortgage financing, and signing documents. Keep in mind that delays and mistakes are possible, so you need enough wiggle room to get everything done properly. If you need an Edmonton real estate lawyer, get in touch with Barry at RMLO Law LLP.

This is the next instalment of Focus on Real Estate with Barry C. McGuire, a series of videos that provides quick tips on buying and selling real estate in Alberta.

Buying and/or selling real estate in Alberta? Barry can help. Use the form below to contact him now!

Videos co-produced by the Real Estate Investment Network (REIN) as a Google Partner.

Why Does my Real Estate Lawyer Need my ID?

Focus on Real Estate: Quick Tips.

In the last video, identification was mentioned as one of the things to bring to your lawyer’s office when closing a real estate deal in Alberta. Why is that? Doesn’t your lawyer already know who you are? Basically, new rules are in place for documenting big transactions like buying or selling real estate because of increased concerns about money laundering and terrorism. In this video, Barry explains the details so you’ll remember to bring your ID! Choose Edmonton’s RMLO Law LLP for flat-rate legal fees on basic real estate deals. Get in touch now for a no-obligation consultation!

This is the next instalment of Focus on Real Estate with Barry C. McGuire, a series of videos covering quick tips on the legal side of buying and selling real estate in Alberta.

If you’re going to buy or sell real estate in Alberta, you need a trustworthy veteran lawyer. Contact Barry using the form below.

Videos co-produced by the Real Estate Investment Network (REIN) as a Google Partner.

What to Bring During Closing of a Real Estate Deal?

Focus on Real Estate: Quick Tips.

During the closing of a real estate deal in Alberta, what does the buyer need to bring to their lawyer’s office? For most people buying a house, bungalow, or home, they will need to bring identification, insurance, and certified funds. In this video, Barry explains what these things are in terms of finalizing all the paperwork to purchase a property.

To find out what “closing” means in Alberta real estate, view the previous video in this series by clicking here. If you need an Alberta real estate lawyer in Edmonton, contact RMLO Law LLP for a firm that cares about its clients and offers flat-rate legal fees.

This is the next instalment of Focus on Real Estate with Barry C. McGuire, a series of videos that answers common questions about buying and selling real estate in Alberta.

If you’re going to buy or sell real estate in Alberta, get an experienced lawyer that you can trust. Contact Barry using the form below.

Videos co-produced by the Real Estate Investment Network (REIN) as a Google Partner.

Real Estate: What Happens at Closing?

Focus on Real Estate: Quick Tips.

“Closing” is the final step of a real estate transaction. In Alberta, closing means that the Land Title has been transferred from the seller to the buyer. There is a lot of paperwork involved, which is one reason why having a real estate lawyer is a good idea. In fact, you are legally required to have a lawyer process mortgage documents because an individual is not allowed to do this for themselves.

Focus on Real Estate with Barry C. McGuire is a series of short videos that answers frequently asked questions about real estate in Alberta.

Use the contact form below to send a message to Barry McGuire, Alberta real estate lawyer.

Videos co-produced by the Real Estate Investment Network (REIN) as a Google Partner.

What Information is on a Land Title or Deed?

Focus on Real Estate: Quick Tips.

In Alberta, real estate is registered with the Land Titles Office, whose documents are public information. That means that if you pay a bit of money, you can call up the title (also known as the “deed”) for a piece of property that you may be interested in buying. The document contains valuable information. You can use it to find facts about the property, the owner, and any things that might be registered against that title, like a mortgage. In this video, Barry gives you a brief introduction to the information found on an Alberta land title.

Focus on Real Estate with Barry C. McGuire is a series of short videos that provides helpful information about Alberta real estate.

Use the contact form below to send a message to Barry McGuire, Alberta real estate lawyer.

Videos co-produced by the Real Estate Investment Network (REIN) as a Google Partner.

What Is Tenancy-at-Will?

Focus on Real Estate: Quick Tips.

Sometimes people buying a home need to get access to the property even though completion of the sale has been delayed. For example, if a person needs to move out of their old home or if utility connections have been scheduled for a certain day. Tenancy-at-Will is a way of getting access to a property before the purchase is completed, which is explained in this video. If you need an Alberta real estate lawyer in Edmonton, get in touch with Barry at RMLO Law LLP.

This is the next instalment of Focus on Real Estate with Barry C. McGuire, a series of videos that provides bite-sized pieces of real estate knowledge.

Buying and/or selling real estate in Alberta? You need a lawyer and Barry can help. Contact him now!

Videos co-produced by the Real Estate Investment Network (REIN) as a Google Partner.

What is an Encroachment?

Focus on Real Estate: Quick Tips.

In this video, you’ll find out what an encroachment is, and what types of encroachments there are. If you need an Edmonton real estate lawyer, get in touch through RMLO Law LLP.

Straight to the point, there’s no filler in the Focus on Real Estate with Barry C. McGuire series of videos.

Hire an experienced real estate lawyer in Edmonton, Alberta. Use the contact form below!

Videos co-produced by the Real Estate Investment Network (REIN) as a Google Partner.