The thrill of buying or selling a home can quickly diminish when the paperwork arrives. If you don’t understand everything you’re looking at, the process can easily get confusing, and mistakes can be made. According to the legal team at Bray & Johnson in Canton, GA, it’s best to hire a real estate attorney during this phase. It will ensure the transaction goes smoothly and that no hidden problems arise from fine print later.
3 Reasons to Hire a Real Estate Attorney
1. It’s the Law
In Georgia, state laws require a real estate attorney to be present at every closing to represent the mortgage lender. They’re responsible for checking all legal documents for clarity and errors, finalizing closing papers, and ensuring that all loan paperwork is delivered to the correct party. They will also create a record of receipts for the buyer and seller for their files.
2. Reviewing All Documents
Real estate comes with extensive paperwork that should be examined as well as prepared by a real estate attorney. As the home transitions between parties, you will inherit any property issues that weren’t previously addressed. This inheritance can lead to costly repairs in the future, boundary disputes, and other unmentioned problems. Having a real estate attorney review everything first will give you a clear understanding of what you’re paying for and possibly give more negotiating power if new problems are discovered.
3. Addressing Legal Gray Areas
Single homes usually don’t carry too many problems, but any property alterations or special tenant contracts can make things confusing. A real estate agent may not know the answer to these more complicated scenarios, such as if a third-party tenant has an existing right from the previous owner to rent a space in the backyard. Having a real estate attorney will ensure you get the answers you need, so you aren’t left to handle complexities that taint the home-buying experience.
If you’re looking for reliable representation, turn to the real estate attorneys at Bray & Johnson. They offer comprehensive services for both buyers and sellers and will help the transaction go as smoothly as possible. Call (770) 479-1426 today to schedule a consultation and visit their website and Facebook to learn about the services their accident attorneys and personal injury lawyers provide.