Did you know that more than six million homes were sold across the United States of America in 2021? Choosing to buy a house comes with a number of responsibilities that can add up in a hurry if you choose not to hire a real estate attorney to help you through the buying process.
The process of buying a house might not seem like something that requires legal help, but it’s always better to be safe than sorry when making a large purchase or investment. A real estate lawyer brings a ton of value to the table when you decide that the time is right to purchase a new home.
The good news is that you’re in the right place to learn more about when to hire a lawyer during the house-buying process and the benefits that the real estate attorney will provide. Keep reading to learn more today!
Not everyone enjoys or is good at negotiation when it comes to attempting to buy a house. Most people don’t spend a ton of time negotiating the price for a home, but having a real estate attorney on your side is a sure way to give yourself a better chance of saving some money.
One of the main skills required of a real estate attorney is the ability to negotiate. You’re far more likely to get a deal that works out in your favor when a professional negotiator is handling the process of buying a house.
2. Drafting Contracts
If you’ve ever purchased a home before then you’re well aware of the mountains of paperwork that are heading your way. It feels like you’re suffocating under a tidal wave of legal documents and contracts. If you don’t have a legal background then it can feel overwhelming and confusing.
When you choose to hire an attorney that specializes in real estate you’re taking all of that paperwork off of your shoulders. Sales contracts, appraisals, disclosures, and home inspection reports all get handled by your real estate lawyer.
You might think that real estate agents can handle all of these things, but a real estate agent is not an expert when it comes to real estate law. Your real estate lawyer will suggest certain things to include in the contract for the deal. They can also take a look at the contracts that are handed to you by the seller and point out any potential issues.
3. Interpreting Confusing Real Estate Contracts
You might not need to hire a lawyer if your real estate purchase involves buying a house as a private citizen, but the same can’t be said for corporations that are looking to purchase real estate. Private citizen purchases are relatively straightforward and they tend to be predictable.
Corporate real estate deals are a lot more complicated, so if you own a business and you’re looking to buy a house or a building then you should consider taking steps to hire an attorney. Make sure that you find a real estate attorney that understands the complex language used in these contracts for the best results. It’s a great way to prepare before buying a home.
4. Title Searches
Any time that you look at completing a real estate purchase you’ll need to go through a lien and title search. This part of buying a house is designed to make sure that no party besides the buying party has any claim to the home or property. It helps to guarantee that the seller has the right to sell the property to you.
Hiring a real estate lawyer is great because they’re the perfect person to execute the lien and title searches during the process of making a purchase. If they end up finding an outstanding lien on the property then the real estate attorney can get to the bottom o the issue and negotiate a resolution.
5. Correct Filings
Whenever you make the decision to buy a house you’ll need to submit or file the new deed in the county that you’re moving to. Many people opt to let the bank or the lender handle this part of the process, but you’re much better off finding legal help to ensure that the legal document arrives where it is needed.
The real estate attorney will make sure that the deed meets all of the legal requirements and they’ll make sure that this process gets completed in a hurry.
6. Reviewing Home Inspection Documents
The majority of home transactions happen in good faith with neither party looking to deceive the other. That said, you’re always better playing things safe. You should consider hiring a real estate lawyer to help you out by inspecting the different documents surrounding your home transaction.
The process of buying a house comes with mandatory home inspections as a way to prevent the buyer from getting a bad deal or becoming a victim of a major scam. Your real estate attorney will have no trouble locating signs of shady activity from a seller when you go to buy a house.
7. Closing Process
The closing process is one of the worst parts of choosing to buy a home. You’ll need to file the deed for the property but that is only the first step of many before you can close on the home. You should also use your real estate lawyer to resolve any disputes prior to completing the purchase.
If the roof needs to get replaced then your real estate lawyer can negotiate a discount on the price of the home to reflect the costs of those repairs. Your lawyer will also go through and document all of the financial transactions that happened during the buying process.
Hire a Real Estate Attorney for Your Next Home
You can’t go wrong with choosing to hire a real estate attorney when the time comes to buy a house for you and your family. Their negotiating skills and their real estate knowledge will provide legal help during the closing process and they can help you decide when to give up on a purchase. They’re also perfect for helping with the paperwork that you’ll face when you buy a house.
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