Buying a house is a critical decision that requires time, effort, and money. Usually, most of us leave it to a real estate agent expecting they would take care of everything, but real estate agents aren’t aware of the nuances of the law.
Hence, an attorney must be present when you’re buying a house to make sure that you’re not taken for a ride by an unscrupulous seller and everything regarding your purchase goes smoothly. Here we share the five ways in which a real estate lawyer can help you.
Taking care of contracts
For any property’s sale or purchase, a contract is a must. But it is filled with jargon that most of us don’t understand. It can be confusing to read and understand all its contents and variables. A real estate lawyer will help you understand the terms of your contract. They will also ensure that the document is written correctly and signed by everyone needed to authorize it.
When buying a property, you should ensure that no financial burdens are attached to it, and the title is clean, but it can be difficult for those unfamiliar with the legal nitty-gritty. A real estate lawyer will ensure that the title is clean and that you’re under no obligation to pay the previous owner’s debts related to the property.
At any deal’s closing, the lender’s attorney, real estate broker, title closer, seller, and the buyer must all be present. It is a complicated process, and without a lawyer by your side, you would have to deal on your own with all the formalities, such as answering questions and addressing disputes regarding cost adjustment and taxes. An experienced real estate attorney will check all the important documents and ensure the deal is closed swiftly.
Protection against scams
The seller can fool you in 10 different ways. Therefore, having a real estate lawyer by your side is crucial. They will do a thorough background check on the seller and ensure that all the forms, documents, and identity proofs given by them are correct and verifiable. They will sort everything before you make the final payment, reducing the chances of fraud to the minimum.
It is always good to hire a professional for advice, especially if you are purchasing a property with undesirable neighboring structures or zoning issues. An experienced lawyer can advise you on your legal options in such situations. And if you want to end the contract for any reason before its completion, a real estate lawyer will step in on your behalf and take the required actions.
About The Wotitzky Law Firm
If you are looking for a real estate lawyer to help you buy a property, your search ends here. The Wotitzky Law Firm is one of the oldest law firms in Port Charlotte, Florida. Our real estate lawyers will guide you till the purchase is complete. You can call us at 941-639-2171 or fill our online contact form to know more.