Buying or selling a home is one of life’s most significant financial transactions. Knowledgeable about the ins and outs of the industry, a real estate attorney can help first-time buyers or sellers navigate the process. Here’s what you need to know about how these professionals can help you.

4 Ways a Real Estate Attorney Helps Buyers & Sellers

1. Negotiate & Review Contracts

Your real estate law attorney will work with your agent to include specific contract clauses that protect your interests. They’ll make sure the document states your intentions clearly, you understand your rights and obligations, and that the disclosure statement is completed properly.

2. Conduct the Title Search 

Real estate attorneys ensure sellers convey a clear title to property purchasers. Your attorney will research the title, and if it reveals any problems, such as liens or recording errors, the lawyer will work to correct them.

3. Prepare the Deed & Closing Documents

The deed includes the property’s legal description, which must correctly state the real estate you’re selling or buying. Another crucial part of drafting the deed is stating how you’re transferring or accepting the title, such as by tenants in common or as joint owners. Other complicated and important documents your lawyer prepares include the HUD-1 settlement statement and mortgage security agreement.

 4. Handle the Closing

Real estate attorneys make sure everyone signs all necessary documents and disburse checks to the seller, buyer, and real estate agent at the closing to complete the transaction. After the closing, your attorney disburses funds to pay off the mortgage company and other creditors, records the deed, and delivers it to the new homeowner.

If you’re selling or buying a home and in need of an experienced real estate attorney, contact the Law Office of Dawn N. Murata in Lihue, HI. With more than 20 years of experience, Dawn Murata and her team guide clients through various aspects of business and personal activities related to real estate law, estate and trust administration, business formation, and contract drafting. Schedule an appointment by sending a message online or call (808) 245-4572 to speak with a team member about your needs.