When does a lawyer get involved in the pre-construction condo purchase?

It is advisable to retain a lawyer at the very beginning, before even signing an Agreement of Purchase and Sale (APS). Two simple but powerful reasons for getting a good lawyer is to save time and money and to protect yourself from risks.

While real estate contracts have evolved to be as readily understandable as possible, there are still a number of legal terms that an ordinary person will not be familiar with. These legal terms can mean the difference between giving the condo buyer a preferred right or imposing on the buyer a heavy financial burden. For example, new condo buyers who have consulted an experienced real estate lawyer before will not be caught by surprise at the time of closing when they find out the various closing adjustments to be paid.

Real estate purchase will probably be one of the biggest financial decisions in a person’s life; getting a real estate lawyer early on is one way of protecting your investment and taking control of the condo buying process.

This question was answered by Shaffiq Dar (Real Estate Lawyer)