Why An Attorney Matters When You Buy a Home
The purchase of a home typically represents the most important financial and personal investment a person (or family) makes during the course of a lifetime. For this reason, ensuring that all of the legalities associated with a home purchase are in order is crucial. There are four reasons to hire an attorney when you buy a home.
Ensure Clear Title
Although a title search is undertaken as a matter of routine when real estate transfers hands through an arms length sale, the process is not flawless. One of the reasons a person should consider retaining a lawyer when buying a home is to ensure that the title search process appropriately is performed. Adding a lawyer to the team works to better guarantee that title to the property is clear.
Review Real Estate Sales Contract
An attorney provides invaluable assistance in reviewing a real estate sales contract. Although standard forms in most cases, a contract must be reviewed and understood before signing.
Review Mortgage Loan Documents
Another task a qualified attorney assists with in a real estate transaction is a thorough review of the all important mortgage loan documents.
Negotiating Specifics of Sales Transaction
A real estate attorney can also be extremely helpful in assisting a person in the negation of a real estate sale itself.