When someone hears the words attorney or lawyer, they automatically assume someone did something wrong. This isn’t always the case.
Whether you’re the one buying or selling a home, a real estate attorney can help you in a number of ways—and help the transaction complete a lot smoother and easier.
If you’re a first-time buyer or seller, although the costs of a real estate attorney may be more than you want to spend, it can be highly recommended because it is such a large transaction. There are three major reasons to hire a real estate attorney before completing the sale or purchase of your home.
Review the Contract
While a real estate lawyer may not be a necessity to many people, it is an important consideration especially as first-time buyer. Purchasing a home is a major decision that you are making not only for yourself, but probably for your family. You want to ensure you are taking every step necessary and doing it correctly.
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A real estate lawyer can review your purchasing contract before you sign it. This way, you will know exact what you signing up for. Your real estate attorney will be able to go through all of your important documents and explain anything you don’t understand, including the title, title insurance policy, legal descriptions, and more. A real estate lawyer can also read through the deed.
Handle the Confusing Parts
A real estate attorney obviously isn’t going to be paying for any of your mortgage, but what they can do is speak with a mortgage loan officer and help you understand and ask any questions you may have regarding your mortgage.
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Your real estate lawyer can also speak with the attorney of the owner of the home and make sure that everything is set to happen for certain. For example, a real estate lawyer can ensure a home inspection is going to happen or discuss any uncertain mortgage commitments. If there are any other contingencies that you may have issues or concerns about, your real estate lawyer will be there by your side to guide you.
Once you have found the home of your dreams and understand the contract and purchase agreement details, you may be anxiously awaiting the closing day of your new home. A real estate lawyer can be especially helpful on this day.
An experienced real estate attorney will make sure everything is in place for the closing and everything involved with it, including title insurance, title search, escrow and more. Since this day is extremely vital to the purchase of your new home, having a professional by your side can provide you with a sense of relief and reduce some of the anxiety you may be feeling.
We Are Ready To Help You
At Title Lab, it is our job to ensure your dreams come true when it comes to closing a real estate purchase. We want to provide you with all of the information you need and answer any questions you may have about your potential real estate purchase. Contact us online or call us at (305) 440-4150 to see how we can help you with your real estate purchase.