Grab RSS Feed...by Kiley Black
When buying or selling property, it is important to have the expertise of a real estate attorney to help you through any obstacles that may come up along the way. The risk of not hiring a Real Estate Attorney can cost a buyer/seller thousands if not tens of thousands of dollars. Since the purchase or sale of your home may well be your most significant financial transaction, you want to take care when entering into a real estate transaction.
Most people don’t realize how complicated buying and selling a house can be. The procedure requires reading and drafting complicated legal documents and familiarity with real estate transactions. If you have bought or sold a home, or know anyone who has, than you understand that the amount of paperwork involved is legendary. Each step from negotiating terms to drafting and closing entails a significant amount of paperwork.
Most people buy or sell a home once or twice in their life. Real Estate Lawyers handle this transaction every day. And each transaction is different, with different obstacles and situations.
The process of buying or selling a home includes the following:
- Negotiating the terms of the Sales Contract. Everyone wants the best deal and a lawyer can help you protect your interests.
- Strict legal deadlines: Many transactions fall through because deadlines are not met.
- You need financing: At closing the purchaser signs hundreds of loan papers that an attorney can best explain.
- Home inspections: A real estate lawyer will conduct a title search to assure the seller is the owner of the property, has paid all the taxes, and there are no judgments existing against the property.
- Property and mortgage insurance: Mortgage lenders require that the home is insured
