Everything You Need to Know About Real Estate Lawyers
There comes a time in every person’s life when they will have to deal with a real estate lawyer. But do you know what a real estate lawyer does and why you will need (a good) one. When it comes to buying your dream home, you will want to know everything you can about finding the best real estate lawyer who can handle the often complex task of closing your property transaction. This is why we have put together a handy guide to understanding real estate lawyers.
A real estate lawyer has the expertise and knowledge to take you through any sort of legal matter pertaining to property ownership. However, the vast majority of people will only deal with a real estate lawyer when it comes to the buying and selling of property.
During this process, your real estate lawyer will be there to offer professional advice and make sure that the transaction runs smoothly, especially during the closing process. During closing your attorney will represent your best interests and deal with any issues that may arise. This is an extremely vital role as there are many potential title hazards that may arise and will slow down or even completely put a permanent halt to the process if not dealt with correctly and in a timely manner.
If you’re buying your home, your real estate lawyer should:
- Make sure you understand the contract
- Check that there are no debts, liens, easements etc. against the property
- Prepare and register all necessary legal documents
- Clarify the terms of the mortgage
- Examine any adjustments before the closing process
- Review all the papers you will need to sign during closing
- Arrange title insurance to protect you from losses due to title hazards
- Ensure you receive a valid registered ownership
If you’re selling your home, your real estate lawyer should:
- Review and/or prepare the purchase and sale agreement, as well as negotiate the terms
- Deal with any title issues that may come up
- Review all the papers you will need to sign during closing
- Arrange the transfer of security deposits
While it is not always necessary, it is definitely beneficial to have a real estate lawyer who understands the ins and outs of a title search, title insurance, and potential issues that may arise when it comes to the transfer of your title. This will help you save time and money during the closing process as your lawyer will be able to oversee and manage all aspects of your real estate transaction single-handedly.
It is also important to find a real estate lawyer who understands your needs and can competently represent you during every step of your property transaction. You should ensure that the attorney who is going to represent you during this process is well-qualified and experienced.
If you would like to find out more about real estate lawyers or speak to one about your upcoming property transaction, call Florida Home Title Company today.