If you are getting ready to put an offer in on a house that you have fallen in love with, you might want to first think about hiring a residential real estate lawyer. Even if you have been working with a real estate agent, a lawyer is who is best suited to help you with the following issues:
Helps Avoid Title Issues
It is important to make sure that there are no issues in the line of title and that your purposed purchase agreement with fully satisfy all people and financial companies that currently have a vested interest in the property. It is also important to make sure that there are no ex-spouses or beneficiaries that can come back later and make the claim that the house was not sold legally because of title issues that were not caught in enough time. Your residential real estate lawyer will not only be able to look for such issues, but he or she can make sure that your title is zoned properly for the updates or additions that you had planned for the property.
Confirms Legalities Of A Non-Closing
Once you sign a purchase agreement, it is expected that the closing will take place. However, there is a lot that needs to be done, researched, and inspected before that final closing date. Your residential real estate lawyer will make sure that you are not going to be held legally accountable if you have to back out of the closing date because of something you discover about the property. You want to know that you can walk away from the purchase if you need to. You also need to know what will happen to the down payment, or the good faith money, that you put down when you signed the first set of papers to buy the house. The more you know about this process, the easier it will be for you to move forward knowing that you are legally protected no matter what happens.
Helps You During At The Closing
If everything goes well, you will soon find yourself at the table with the seller, his or her attorney, the real estate broker, and anyone else that needs to be there. It is not uncommon for there to be some last minute concerns or disputes, from either the buyer or seller. Therefore, you will want to make sure that you have proper legal representation with you at that time. Your lawyer can make sure that your rights are protected and that you are not accidentally agreeing to anything that you might later regret.
All you have to do now is to start your search for the best possible real estate lawyer in your area. Contact a lawyer, such as Steve Butcher Sr, to get started.