Share:

While it's not legally required in Connecticut, hiring a residential real estate attorney during the home buying or selling process has significant advantages. From either side of the transaction, the transfer of property is time-consuming and challenging. With the help of an attorney, complicated paperwork will be completed faster and without errors. They'll work to create a smoother and speedier road to closing so that you can start a new chapter much sooner.

What Responsibilities Do Real Estate Attorneys Have?

1. Negotiation & Evaluation 

Attorneys can negotiate the terms of the contract for buyers or sellers, making the process less stressful. When the terms are agreed upon, the attorney makes sure that the contract's wording accurately reflects the agreement. They see that it adheres to state law and addresses issues about the property's future use. The attorney also removes legal mistakes and adds useful contingencies. 

2. Title Search

Residential Real Estate AttorneyA title is a document that details the legal ownership, occupation, and possession of the property for sale. If the title isn’t clear, they can't sell the property until the issue is resolved. 

Attorneys help the buyer by noticing the errors or encumbrances that are often difficult to spot. If retained by the seller, the attorney can search for the title early on and resolve the issues before the buyer learns of them. 

3. Property Disclosure

Sellers need to disclose aspects of the property that might negatively impact its value, even if both sides have agreed to an "as is" sale. What is and is not legally necessary in the disclosure is dependent on local, state, and several other jurisdictional laws. Accidentally failing to disclose a relevant aspect can leave a seller vulnerable to a lawsuit. Sometimes, failing to disclose a specific problem may not be necessary under state law. However, disclosing it anyway may benefit sellers by preventing future issues with the buyer. Residential real estate attorneys are experienced in which disclosures are legal and which ones are practical. 

4. Agreement Preparation 

All forms of real estate transactions need a sales and purchase agreement (SPA). It binds the buyer and seller, obligating the former to make the purchase and the latter to provide the property. The agreement's wording is detailed and confusing. A residential real estate attorney breaks down the components into simple terms. They search for vague wording, which can create confusion and errors that can keep the contract from being legal. By the time closing arrives, the agreement will be air-tight and mutually beneficial. 

 

If you're buying or selling a home, reach out to the residential real estate attorneys at Greene Law PC. They have decades of experience in the selling and purchasing of homes throughout the Farmington, CT, area. They'll negotiate on your behalf to establish fair terms and ensure the contract is favorable and legally binding. For more information on their practice areas, visit their website. To schedule a free consultation, call them at (860) 676-1336.

tracking