Buying or selling a home is one of the most significant financial and legal deals you'll ever make. Fortunately, a real estate lawyer can ensure the process is a smooth one and meets all the requirements of local, state, and federal laws. Below are a few reasons to hire one when you purchase or sell a house.
Clarify Your Contracts
In the process of selling a home, the homeowner enters into a contract in which they agree to let a broker represent their property in the sale. Homebuyers enter into a contract with the seller once an offer is accepted, and the buyer then signs a contract with a mortgage lender to secure financing for the home. All of these contracts contain intricate legal language and specific terms and conditions; a real estate lawyer makes certain you understand your rights, roles, and responsibilities when you sign on the dotted line.
Protect Your Interests
A real estate contract may include some terms that aren’t in the best interests of one of the parties involved. An attorney will identify those areas and assist you in coming up with solutions that are more beneficial for everyone. It is especially important for first-time homebuyers or sellers to double-check that the contracts they're signing aren't putting them in any murky or risky situations.
Understand Your Closing Costs
The closing is the time when all details of the transaction come together and the deal is officially sealed. In addition to contracts, there are deeds, titles, and mortgage papers to finalize. A real estate lawyer can confirm everything is in proper order and all costs associated with the closing are accurate and fair.
Let an experienced attorney safeguard you throughout the homebuying or selling process. The real estate lawyers at Levy, Stieh, Gaughan & Baron, PC, have served the Milford, PA, area for over 10 years, and they will guide you every step of the way. Call (570) 296-8844 or contact them via their website to schedule a consultation.