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Residential Purchases

Providing Legal Services At Competitive Prices Since 1994


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Navigating Clients Through Purchase Transactions

Buying a home should represent one of the most exciting times of your life. It can also represent a challenging time in your life as there are a lot of steps involved in completing the purchase.

The real estate lawyers at Diamond and Diamond are here to take on the challenges of a residential purchase with you. We will support and guide you through the process of finalizing your home purchase. Our skilled lawyers will protect your legal interests at every stage of the process and ensure that you close on time.

Providing Cost-Effective, Reliable Services

Buying real estate is a costly and process-intensive venture. We know that you are concerned about your budget. We also understand that you require legal protection throughout the transaction to prevent delay and additional costs.

Our law firm is structured to ensure you get high-quality services at reasonable prices. When you retain us to process your closing, you will receive excellent customer service. Our lawyers will meet with you and review your documentation. We have also created an efficient work process in which our lawyers and law clerks work in collaboration to ensure your paperwork is processed accurately and that your closing is on schedule. Through this work process, we are able to save time and costs and we pass those savings on to you.

Protecting Your Interests Throughout The Process

Our office processes over one thousand real estate transactions every year. We have encountered a variety of problems that can arise. To protect your interests and ensure your closing runs smoothly, we have created a quality control process that ensures information needed to complete the transaction is accurate. As a result, we are able to protect our clients from the fallouts that can occur when paperwork is inaccurate. Such fallouts can include having an old mortgage on title or not fulfilling a condition of the agreement, which can result in the collapse of the deal.

Consult With One Of Our Real Estate Lawyers Today

We provide efficient, high-quality services to every client and look forward to working with you. You can reach us through our convenient online form or call us at 1-888-INFO-LAW.

FAQ’s

What is a Real Estate Purchase Agreement?

A real estate purchase agreement outlines the rights and responsibilities that both buyer and seller agree to in a real estate transaction. It is a legally binding agreement between the two parties. The purchase agreement will describe basics like the property address and description, state the price, terms of the deal, and outline any contingencies regarding the sale. A well-written purchase agreement protects both buyer and seller, so it’s an important document.

How much does a purchase agreement cost?

A buyer entering into a purchase agreement will pay a deposit or earnest money to confirm their commitment to entering the contract. Buyers can expect to pay at least $1,000, but amounts can vary. If a buyer is pre-approved for financing, they may include their approval letter with the purchase agreement when making an offer. If the buyer makes an offer contingent on receiving funding but doesn’t secure it, they can back out and recover their earnest money.

How much should a real estate attorney cost?

The answer will depend on the complexity of your situation, the experience level of your attorney, and the length of time your issue takes to resolve. You can expect to pay between $2,500 to $3,000 for a simple buy and sell transaction. Hourly rates can range from $150 to $350 or more. Your attorney may offer a fixed price package for things like document preparation or other specific tasks.





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Diamond & Diamond Ontario Head Office

255 Consumers Road, 5th Floor, Toronto, Ontario

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Diamond & Diamond Alberta Head Office

4246 97 Street NW, Unit 100, Edmonton, Alberta

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Diamond & Diamond British Columbia Head Office

1727 West Broadway, Suite 400, Vancouver, British Columbia

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144 Elm Street, Suite 201

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278 Algoma Street South

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255 Consumers Road, 5th Floor

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1727 West Broadway, Suite 400

Windsor

13158 Tecumseh Rd. E. Unit 3B