One of the biggest purchases that you will ever make in your life is a house, and that is why a lot of people hire a real estate lawyer when they are buying their first home. If you are not familiar with what a real estate lawyer does, we are going to look at some of the things that they can help with when you are purchasing a house.
- Review your contract & the supplemental documents.
- Offer negotiation and advice about inspection issues,
- Monitor the critical dates such as mortgage contingencies and home inspections.
- Review the title and clear it when necessary.
- Prepare the conveyance documents when necessary.
- Attend the home closing to help with reviewing and explaining all of the essential documents with their client.
- Attend closing to review and explain all necessary documents with you.
It’s possible that you are pretty familiar with buying and selling homes, and you think that you don’t need a lawyer who is familiar with real estate. But even though you may not think that a real estate lawyer is necessary, there are some unique occasions during which hiring one might be a good idea.
- Leases with exclusive options for purchasing a property
- Possession agreements after the closing
- Escrow agreements for repairs
Even if you think that a real estate lawyer isn’t necessary, it’s always helpful to consult with one if you aren’t sure. There are a lot of things they can help you understand about your new home and the process.
