Buying a home or commercial real estate is an extremely complex legal process, potentially requiring the services of more than a dozen different professionals working at just as many separate companies. As a Rochester real estate attorney with over a quarter century of experience, Steve Butcher Sr., Esq. understands who confusing this process is to potential buyers, which is why he strives to make the process as transparent as possible. Below are a few of the most common questions his clients ask as they go through the sale.
Can I Do What I Want With The Property?
The answer to this will depend a great deal on the municipal laws in your area and the specific zoning guidelines of the neighborhood. While the seller may assure you that your plans for improvement are permitted by local regulations, you should have a real estate attorney review the law before you close.
Why Do I Need a Survey?
When purchasing a home, lenders will typically require a survey to ensure that the legal description matches the actual property being purchased. The survey will clearly establish boundary lines, ensure that any structures are situated legally, and describe any rights or easements other property owners may have.
What Is Title Insurance?
Before closing, title insurance companies will thoroughly examine the records to ensure that there are no liens or other problems that could interfere with your ownership of the property. At closing, they issue an insurance policy that promises to compensate you for any losses due to disputes over the title, as well as any associated legal expenses.
If you're buying a home anywhere in the Rochester area, you can rely on Steve Butcher Sr., Esq. to make the entire process as transparent and easily understandable as possible. Call (585) 263-2444 to schedule an appointment with a respected real estate attorney today, or just visit his website to learn more about his reputation for courteous, effective service.