If you're in the process of buying a home, and you want to avoid any of the pitfalls that can derail your purchase, now's the time to hire a real estate attorney. With housing prices at an all-time high and many homes being sold as cash-only transactions, you need firm legal advice, which is where a real estate attorney comes into the picture. If you're like most people, the thought of hiring an attorney for a real estate transaction seems unnecessary, but that's not the case. Before you proceed with your real estate transaction without the benefit of legal representation, read the list provided below. You'll find three important reasons to hire a real estate attorney as soon as possible.
Assess Initial Purchase Contract
When it comes to buying a home, the initial contract is one of the most important documents you'll deal with. The initial purchase contract should contain details regarding title searches, escrow periods, and closing instructions. If you don't have a real estate attorney go over the contract, you could end up with an arrangement that's less-than-favorable for you. Before you're stuck with a purchase contract that doesn't represent your best interest, hire a real estate attorney.
Avoid Conflicts Over Inspections
Now that you're in the process of buying a home, you'll want to start with an inspection. This is true whether you're buying an existing home or one that you're purchasing brand-new. You need to know that you're not spending good money on someone else's headache. Not only that, but you want to make sure that the issues brought up in the inspections are addressed prior to the close of escrow. The best way to do that is to hire a real estate attorney. Your real estate attorney will work to resolve any conflicts that might arise over the inspections.
Analyze Pitfalls of Divorce Sales
If you're buying a home that's part of a divorce settlement, you need to hire a real estate attorney right away. Buying a home that's involved in a divorce settlement can be tricky, especially when the divorcing couple can't agree on the terms. Or, when one of the parties doesn't want to sell. To make sure you don't get stuck in a never-ending real estate transaction, talk to an attorney. They can analyze the situation, and help you to avoid issues with the terms of the sale.
Now that you're buying a home, take this opportunity to hire a real estate lawyer. They can provide you with the assistance you need to ensure a stress-free home buying experience.
Share9 December 2021
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