Closing on a piece of real estate can be exciting. However, during this time, it’s crucial you maintain composure and insight to garner the best results. Hiring a real estate lawyer to aid in the process is one of the best ways to ensure favorable results. The following guide outlines a few of the benefits you’ll enjoy when you work with an attorney on this task.
3 Ways Real Estate Lawyers Help With Closings
1. Title Searches
In order to legally sell a piece of property, the seller must have the title. Without this, you could incur unfavorable debts or claims after the sale has closed. A real estate lawyer will conduct a title search of the property to determine who the current rightful owner is, as well as any financial institutions associated with the property.
2. Reviewing the Contract
Sales agreements can be fraught with legal jargon and complicated terms. If you have a difficult time understanding the document or deciphering certain phrases, it’s wise to hire a professional to review and break down the paperwork for you. They will thoroughly read every contract and spot unfavorable terms and warning signs, and they’ll explain what is involved before letting you sign the dotted line.
3. Streamlining the Close
Once your attorney has deemed the sale to be legal and favorable, they’ll help you move forward to close the deal. This will involve drawing up and preparing any necessary paperwork for the other party, paying off the balance, and transferring the title.
If you’re preparing to close on a piece of property and need the assistance of a real estate lawyer, turn to Robert A. Schwartz in Rochester, NY. With over 30 years of experience handling a variety of cases associated with real estate law, this attorney has the knowledge and expertise needed to help you move forward with peace of mind. Visit his website to learn more about his practice and call (585) 351-2929 to schedule a consultation today.