The process of buying or selling a home is intricate, involved, and more than a little confusing for the average homeowner. Fortunately, the services of a real estate attorney can provide numerous benefits that make the entire process much easier, smoother, and less stressful for you. Below are a few reasons to have an attorney by your side throughout your next real estate transaction.
How Real Estate Attorneys Help You Buy a House
Understand Contracts & Agreements
Contracts are at the heart of any real estate matter. These crucial documents are rarely straightforward and accessible; they tend to contain an abundance of legalese and fine print. Given the major financial investment most people have in their real estate transaction, you want to understand these contracts fully. Your real estate attorney ensures you know what you're agreeing to, what is being asked of all parties involved in the transaction, and that all potential circumstances and scenarios are included in the details of the contract.
Assistance in Performing a Title Search
Once a buyer and seller enter into a purchase agreement, a title search is usually performed to determine the state of the property. This is essential information for both the buyer and the buyer's lending institution, and the sale typically cannot move forward without it. Performing a title search requires the expertise of a legal professional who can analyze the information and provide a clear and thorough review. A title search is necessary in states where title insurance is mandatory. New York is not one of these states, but since most people choose to have title insurance as an additional safeguard, an accurate title search is still extremely important.
Preparation for Closing
The closing is the final stage of the home buying and selling process. It requires an in-depth preparation of documents and the transfer of the property title from seller to buyer. Your lawyer handles these tasks on your behalf and makes certain you are ready for closing the sale or purchase of your home.
If you are buying or selling a house, let real estate attorney Stephen B. Kaufman, P.C., look out for your best interests. For more than four decades, Attorney Kaufman has served the Bronx, NY, area. Call (718) 822-0500, visit his law firm's website, or connect on Facebook or Twitter to arrange a consultation.