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Buying a home is a major transaction, which is why you should have a team of professionals by your side to walk you through the process. A real estate attorney is one individual who can provide a wealth of guidance. To understand why a counselor should be by your side, below are a few ways they will lend a hand.

3 Ways Real Estate Attorneys Assist Homebuyers

1. Investigate the Validity of the Sale

Once the real estate transaction is completed, you might not have legal recourse against the seller if problems are unearthed later. That’s why you should hire a real estate attorney to help investigate any potential issues.

They can find out whether the seller is the rightful owner of the house, for example, or whether it is property included in a family’s probate proceedings. They will also unearth tax concerns or any legal issues regarding the house that could affect you. 

2. Review Contracts

Sparta-Wisconsin-real-estate-attorneyReal estate attorneys are familiar with the legal language used in contracts. They will review documents prepared by the seller for any issues that need to be addressed, such as who is responsible for which closing costs. An attorney can also make amendments to the documents to ensure your rights and obligations are clearly stated before you sign. 

3. Prepare a Financial Plan

Real estate attorneys know the impact buying a house can have on a family’s finances. The lawyer will help you prepare a financial plan based on your income to calculate mortgage payments, utilities, and other related costs. They will also help you set up automatic payment accounts to ensure the costs are covered on time.

 

For help buying a house, contact the real estate attorneys at Osborne, Tripp & Schmidt in Sparta, WI. Serving clients in the Coulee Region, Driftless Area, and Western Wisconsin, the friendly, licensed legal team strives to protect the interests of clients when conducting major financial transactions. Meet each of the lawyers online and call (608) 269-2400 for a consultation. 

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