Maybe you’re buying a house for the first time to prepare for a growing family — or perhaps you’re selling your old home as a retirement investment. Whatever the case may be, when making a property purchase or sale, enlist the services of a real estate lawyer. Some states require an attorney to be involved in all such transactions. Find out how a legal professional will protect your investment below.

3 Reasons to Use a Real Estate Lawyer

1. Review a Purchase Agreement

A purchase agreement includes valuable information about a property that the seller should disclose to the buyer. Are there any structural damages to know about, like cracks in the foundation? Have essential renovations been made? It also covers details regarding how the buyer will finance their purchase. This paperwork contains essential information for the buyer and seller, so it’s in everyone’s best interest to have a real estate lawyer review the fine print. 

2. Conduct a Title Search

Before any property can be bought or sold, the legal owner needs to be established. This safeguards against the possibility of someone falsely claiming they can sell land to profit from its sale — even if they don’t technically have this right. Have a real estate lawyer to conduct your title search to ensure no legal boundaries are crossed.

3. Close the Deal

The closing statement is the “final deal” between buyer and seller, and should always be reviewed by a real estate lawyer. It shows what debits or credits are due on either side and includes details regarding future transactions. This paperwork should always be reviewed by a lawyer. 

Don’t leave a major investment in inexperienced hands. Pepping, Balk, Kincaid & Olson, Ltd. of Silvis, IL, have over 75 years of combined experience in assisting clients with real estate transactions. With their welcoming atmosphere, they will provide the friendly guidance you need to fully understand the complicated language of property sales. Whether you look to them for a real estate lawyer or litigation attorney, expect honest and open help. Find out about their practice areas online. For an appointment, call (309) 755-5096.