So you have managed to sift through all of the available homes on the market and find the one that is just right for you. Buying a home can be one of the most exciting things that you ever do, but it can also be a decision that is quite scary when you consider the massive investment and commitment you are going to make. Even though not every home buyer sets out to find a residential real estate lawyer when they buy a home, it is always a good idea. Before you start signing closing papers on your new home, consider why you could need a real estate lawyer.
Have Someone Looking Out for You
Even though you may feel comfortable working with lenders, real estate agents, and other homeowners on your own, none of these people are really going to be looking out for your best interest. All of these people will benefit from the deal if you buy a home, which means that even if they don't mean to, they are likely going to offer up slightly biased advice. When you hire a real estate lawyer, you will have someone who is on your side through the whole process and will be looking out for your best interest.
Understand Legal Jargon
Read through one contract relative to buying a home that needs your signature and there is a good chance you will be scratching your head, trying to figure out some of the technical terms and legalese that are included. Make sure you get a good understanding of any document that you have to sign or any language you do not understand in the home-buying process by having a lawyer you can rely on to translate for you.
Get a Closer Look at the History of the Prospective Home
Your real estate agent may claim they are telling you all there is to know about a specific home, but without a good real estate lawyer to research the history of the home for you, there could be a lot of things that are never disclosed. A good residential real estate lawyer will do a title history check, look at background property deeds, and give you a general idea of the home's history, which can be incredibly important when buying a home.
The bottom line is, not all lenders will require that you hire a real estate attorney during a home purchase, but it is a good idea to hire one anyway. For more information, talk to a residential real estate attorney such as Steve Butcher Sr with your questions and concerns.Share