Buying a house is an exciting process, but it’s far from a simple one. In addition to scheduling land surveys and property inspections, you must ensure that the current owner is the sole proprietor and the transaction is legal. This is why a real estate attorney can be an invaluable asset during the closing process. Here are five benefits of working with one.
4 Reasons to Work With A Real Estate Attorney
1. Professional Contract Preparation & Review
In addition to helping you prepare real estate contracts, which are often complex, the attorney reviews all documents associated with the property to identify anything needing further negotiation or modification. Your attorney will also explain any confusing sections of the contract in detail so you know exactly what you’re investing in.
2. Title Services
Many real estate attorneys provide title services. Exhaustive title searches ensure the property belongs solely to the current owner and that no other parties can claim partial ownership. A title examination also checks for liens, unpaid mortgages and taxes, judgments, easements, and anything else affecting the legal sale of the property. Title services can additionally include property surveys that establish boundaries and check for encroachments.
3. State Law Adherence
Real estate transaction laws differ by state, with some legally requiring licensed attorney services. In Georgia, for example, real estate attorneys must control the entire settlement process and appear at property closings to complete the transactions.
4. Legal Issue Assistance
Termites, illegal structures, underground oil drums, old aluminum wiring, asbestos, and lead paint are among the hazardous issues needing work before the final sale. Your real estate agent provides inspection contingency documents to avoid unpleasant surprises after you buy the house. The lawyer ensures that certain you know everything about the property to either renegotiate the selling price or request repairs and replacements from the owner.
If you are buying property in the Northeast Georgia or surrounding-county area, work with Allen L. Lacey Jr. Attorney At Law. Serving the region since 1992, these reliable and family-oriented real estate attorneys make home closings significantly less stressful. Call (706) 335-7886 today to schedule an appointment or visit the lawyers online for practice area information.