Buying a house is an exciting process, especially when the kids are out on their own and you can personalize the space. However, ensuring that you organize and provide all of the proper documents is challenging without a real estate lawyer. These professionals can simplify the purchasing process in many ways, a few of which are below.

Why You Should Have a Real Estate Attorney

1. Provide an Unbiased Opinion

When looking at prospective homes, the sellers will commonly put a positive spin on any potential issues to close the deal. For example, they may frame some damage to the structure as an opportunity to renovate and improve. However, since their compensation doesn’t depend on the sale, attorneys do not have a bias when discussing the property. They’ll inspect all of the the paperwork to ensure that the home is up to code and a sound investment.

2. Understand Jargon

With their years of experience, real estate attorneys are familiar with the technical terms of the industry. They’ll walk you through the different sections of the contract and explain the various phrases so that you understand them.

This ensures that you are aware of any requirements for owning the property, such as homeowners association fees, propane tank maintenance, and more. If you have any objections, you can then propose changes and alter the details.

3. Protect Rights

After buying a house, you may become aware of unforeseen issues, such as plumbing leaks and roof damage. These can quickly put a dent in your savings, especially after a significant purchase. However, Nevada state law requires sellers to disclose all conditions of the property before closing the deal. If you were unaware of the need for repairs, then you may be able to seek compensation.

4. Complete Transfer

The sale of a property requires filing the deed at both county and state levels. If you complete the filing improperly, you may be responsible for an increase in income and estate tax fees. Real estate lawyers know this process well, and will ensure the correct documents are complete. They will also go through the property’s history to see if there are any outside liens or claims against the ownership.

If you’re considering a property purchase, reach out to Goicoechea, DiGrazia, Coyle, & Stanton. These professionals have been providing quality legal services within a 70-mile radius of Elko, NV, for more than 30 years. They engage in many practice areas—including real estate, personal injury, and business law—and provide personalized attention to each case. Learn more about these real estate lawyers by visiting their website. Call (775) 738-8091 to schedule a consultation.