There are approximately 7,000 real estate lawyers in the United States.
Now you may be wondering how a lawyer can help you when you’re purchasing a property. Well, if you’ve ever bought a home, you know how stressful and overwhelming the process can be. Working with a professional can make the experience much easier and less daunting.
Hiring a real estate lawyer comes with several more benefits, too. This article will tell you everything you need to know about real estate law. Read on so you’re ready for closing day.
Title Search
Before purchasing a property, it’s important to make sure that the owner has the right to sell it to you. A real estate lawyer will do a lien search to ensure there aren’t any issues.
If the current owner inherited the house, a lawyer would ensure the title is in the correct name. Once you hire an attorney, you’ll have peace of mind knowing the sale is legitimate.
Reviewing Contracts
There are hundreds of documents that you have to sign and read through to purchase a home. These documents can be hard to understand if you aren’t familiar with real estate or legal terms. It’s unsafe to sign any paperwork that you don’t fully understand.
A lawyer will read through the contracts and make sure everything looks right. They will be able to explain everything to you and you won’t have to worry about signing a document that will hurt you later on.
Proper Filing
You’ll be working with numerous people during the home-buying process. They will all need information and paperwork from you. By hiring a lawyer to gather the information and submit it, you’ll save yourself a lot of time and stress.
An expert will know exactly what information is needed and will know how to properly file it. If something is filed inaccurately, the sale could fall through, which is the last thing you want.
Home Inspection Documents
A lawyer specializing in real estate will know what red flags to look out for when it comes to inspection documents. You don’t want to purchase a home only to find out there are some major issues that were hidden throughout the documents. An attorney can read through the inspection, point out any problems, and have them fix them.
Negotiations
When you’re working with a seller and real estate agents, it can be intimidating to negotiate a fair price. A lawyer will be there to have your back and ensure you get the best deal possible. For example, if the inspection comes back with some issues, your attorney can negotiate on your behalf, so you don’t get taken advantage of.
Real Estate Lawyer
One of the best benefits of having a real estate lawyer is having someone with your best interests in mind. You won’t have to stress about something going wrong and not knowing how to fix it.
Don’t wait until something goes wrong to hire a lawyer. Get in contact with a professional today. Give us a call and our team will be happy to answer any questions you may have.