Why You Should Never Buy A New Home Without A Real Estate Lawyer
Posted on: 20 May 2015
Buying a new home is equally terrifying and exhilarating...and going through the process without any help can really ramp up the "terrifying" part of that equation. A real estate lawyer can be an integral part of the home buying process today. Keep reading to learn all the ways that your real estate lawyer can help you and support you throughout the new home purchasing process.
Before the Sale
Even before the actual sale, your real estate lawyer can begin work. Their job prior to the actual home sale will include things such as:
- Investigating the Property's History: Your lawyer will check to make certain that there are no outstanding liens on the property, that there are no outstanding property taxes, and that there are no covenants tied to the property. The presence of liens and taxes could cost you considerable money as the new property owner, while a covenant could severely restrict your use of the property.
- Examining the Sale Contract: Your real estate attorney will examine the property sale contract to make sure that it is done to the letter of the law. If there are any discrepancies, your attorney will work with the seller's attorney to resolve these.
- Working With the Mortgage Provider: Your mortgage lender will provide you with paperwork documenting the exact terms of your mortgage. If these terms are unreasonable, or if you feel they can be improved, your attorney can negotiate with the mortgage provider to try to secure better rates.
At The Time of The Purchase
At the time of the purchase, your attorney will be there to support you in several different ways. These include:
- Explaining Any Unclear Points of the Purchase Contract
- Reviewing All Paperwork Before You Sign
- Providing You With Support Documentation Like Property History Documents
After Your New Home Purchase
After the purchase of your new home, your real estate lawyer will still be there for support. This can include giving you valuable advice about things such as:
- Choosing a homeowner's insurance provider
- Informing you of the property taxes that you should expect in the future
- Advising you of legalities if you want to make renovations or expansions on the property
As you can see, your real estate lawyer is much more than just someone who shows up to make sure the documents are signed at the sale. If you want to make sure that every facet of your new home buying process goes well, this type of lawyer is your best bet! For more information, contact a professional such as Heil J Steven.
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