4 Reasons you need a Real Estate Lawyer when Buying a Home

Buying a home is a complicated transaction that can also be filled with emotion. For many people, buying a home is the most significant personal purchase they will ever make. A home is where a family lives and where memories are made, and that is why it is critically important to have the right real estate lawyer on your side when you are purchasing a home.

Dealing with the Title Company

Most people only buy one or two homes in their lifetimes, and that is not nearly enough experience to understand the intricacies of dealing with a title company. A title company handles the transaction, clears the property title, and offers insurance to deal with property issues. If you don’t understand the purpose of a title company, then it can be very difficult to know if you are really getting what you need for your home.

A lawyer will act as the liaison between you and the title company, answer all of your title questions, and make sure that you understand what the title company needs from you. From the land survey to the final closing of the transaction, you need an attorney to help deal with the title company.

Red Flags

Every real estate seller wants to get something out of their sale, and every buyer wants to get a good deal. Along the way, a sales contract might get altered to reflect changes a buyer or seller wants to make. If the seller asks for something unreasonable, you need a qualified attorney to identify that issue and take care of it for you. A good attorney will make sure that you know exactly what you are getting in your transaction and help you to understand the seller’s requests.

Adhering to the Law

Sometimes sellers want things to be included in the sales contract that are not exactly legal. It happens all of the time, and real estate agents will do their best to make both sides happy. A good real estate lawyer will use their familiarity with local real estate laws to make sure that nothing improper winds up in the sales contract that could hurt you at closing.

Bringing it all Together at the Closing

The only way to truly appreciate everything a real estate attorney does for a buyer during a transaction is to try and do your transaction without an attorney. Every little detail in a sales contract must be reviewed before you sign it, and any improprieties must be handled before closing. A good real estate attorney will help bring it all together at closing in a way that benefits you and meets the needs of the seller.

A real estate attorney can also be your resource if you have any questions about the transaction. If the seller seems to be taking too much time to respond, your attorney can step in and speak on your behalf. When your closing goes as smooth as possible, then it is easy to appreciate the value of a good real estate attorney.

Any consumer buying real estate for their personal use needs to utilize the services of an experienced real estate attorney. There are plenty of ways that a seller can make a transaction difficult for a buyer, and a good attorney can make sure that the transaction stays on track and is fair to both the buyer and the seller at closing.