Buying a home is one of the most exciting—and certainly one of the most expensive—decisions you will ever make.
However, the home-buying process can be both arduous and exasperating, not to mention the fact that it can be fraught with risk. By virtue of being one of the biggest purchases most average families will ever make, there is a great deal at stake and a significant number of things can go wrong.
While many people turn to Realtors to help them purchase a home, most Americans do not realize that the services and guidance of a knowledgeable attorney can actually be a much more effective and convenient asset throughout the home-buying process.
There are a number of ways attorneys can assist with residential real estate purchases, some of the most important of which we have detailed below.
Address Legal Issues
Qualified real estate attorneys have a unique and in depth knowledge of real estate law, where there is a high propensity for disputes and other legal issues. Things like title defects and other unforeseen home defects can turn your dream house into a nightmare. An attorney is the best-equipped person to handle any legal issues that arise in the home-buying process as they occur. Oftentimes, speed and efficiency are vital in effectively addressing residential real estate legal issues, and having an attorney on hand who is already familiar with your goals and the details of your transaction will give you the upper hand if anything goes wrong.
Conduct Title Search
The title search is an important part of most residential real estate transactions, and it is usually required by your mortgage lender. This process consists of a comprehensive search of records to ensure that there is no dispute over who actually owns the property and as a right to sell it, and to ensure there are no liens on the property. Title defects, if undiscovered, could cause you to lose your home after you’ve purchased it or lead to a major legal battle. A trusted attorney can conduct the title search for you and ensure your family and your purchase are protected.
Purchasing a home is a major legal and financial undertaking which will require a mountain of paperwork. Whatever you agree upon with the sellers should be memorialized in contract form to ensure that your agreements and expectations are legally enforceable. Creating strong and effective contracts is both an art and a science that should be left to experienced attorneys.
Do you want to ensure that you get the best deal possible for your home? Do you want the seller to take care of issues with the home before you purchase it, but you don’t like confrontation? Most lawyers are well-trained and quite experienced when it comes to negotiations, and they can work with the seller on your behalf in order to fulfill your home-buying goals and needs.
If you are interested in purchasing residential real estate, let a qualified real estate attorney guide you throughout the challenging process of making an offer and creating a purchase agreement, in order to ensure that the best interests of your family are protected no matter the circumstances. There is far too much at stake with a home purchase to risk leaving it to someone without specialized legal knowledge.
Call the Matus Law Group today to learn more.