Buying a house is one of the most important (and most expensive) decisions you’ll make during your life, so it shouldn’t be something you leave up to chance. Instead of taking the seller and their real estate agent at their word, it’s highly beneficial to have a real estate lawyer on your side to ensure you’re getting the best possible deal.
A real estate lawyer is someone who has specialized knowledge about buying and selling homes, so they can give you peace of mind and reassurance that your purchase will go smoothly. In this blog, we’ll cover just a few key reasons why prospective home buyers should seriously consider consulting a real estate lawyer before closing.
- Get help with negotiations. Real estate contracts can be packed with dense, boring language and confusing industry terms that can be difficult to understand. A real estate lawyer can break down your contract in clear terms and help you negotiate a deal that suits your specific needs.
- Set clear contingencies. A contingency clause in a real estate contract refers to a certain standard that must be met before the buyer will close on the property. For instance, an inspection contingency allows buyers to renegotiate or walk away from the sale entirely if a home inspection reveals serious issues. A real estate lawyer can help you set up contingencies that will protect your financial interests.
- Streamline the closing process. There are numerous legal documents and processes that need to be completed on closing day to finalize the transaction. If a document is missing or filled out incorrectly, it can result in further delays. To make sure you can get the house of your dreams as soon as possible, consult with a real estate lawyer to go through all the necessary paperwork before the official closing date.
