How Can a Real Estate Lawyer Protect Your Money When Buying a Property?

Law Blog

Is it your first time buying real estate and you're unsure what to do? You need a real estate attorney to protect you during this high-value transaction. Fraud is a risk in these deals, and without proper legal representation, you could lose everything. Don't take chances with your hard-earned money. Here is how your lawyer will protect your hard-earned money in a real estate deal:

1. Reviewing the Purchase Agreement

The purchase agreement is a legally binding document that outlines the terms of the sale. It includes information such as the price of the home, the closing date, and any contingencies that must be met before the sale can be finalized. By reviewing the purchase agreement, a real estate lawyer can help to protect your interests and ensure that you are getting what you expect.

For example, if the agreement includes an "as-is" clause, the lawyer can explain what this means and make sure that you are comfortable with it. If there are any other clauses that you do not understand, the lawyer can explain them and help you to negotiate for changes.

2. Conducting a Title Search

A title search is an important part of the home-buying process. This search will reveal any liens or judgments against the property that could impact your ownership. It is important to have a real estate lawyer conduct this search, as they will know how to interpret the results and take action to protect your interests. For example, if the title search reveals a lien on the property, the lawyer can negotiate with the lender to have it removed before you purchase the home.

3. Checking for Zoning and Other Restrictions

A real estate lawyer can help you to understand the zoning laws in your area and make sure that the property you are considering meets all the requirements. They can also check for any other restrictions that may apply to the property, such as easements or covenants. By understanding the restrictions on a piece of property, you can avoid costly surprises down the road.

4. Handling the Closing

Closing is the final step in the home-buying process. This is when the property is officially transferred from the seller to the buyer. A real estate lawyer can help to prepare for the closing and make sure that everything goes smoothly.

They will review the closing documents to make sure your rights are protected. By handling the closing, a real estate lawyer can help to protect your interests and ensure that you are getting what you expect.

While buying a house is exciting, you shouldn't overlook the need for caution, and you need the protection of the law. Consult a real estate lawyer to ensure it goes smoothly and your money remains safe.


25 August 2022

How to Gain Guardianship Over a Child

The laws governing child custody and guardianship can be confusing. As a family attorney, I have helped many clients gain legal guardianship over a foster child or a relative's child. Getting legal guardianship of a child you are caring for is important because you need to be able to make decisions about that child's education, health care and other matters. This blog will help you navigate the world of legal guardianship and show you how to take steps to get guardianship over a child whether the child's parents are cooperative or not. Legal guardianship does matter even if a child is not going to be adopted. I hope to help people find the way to get this done.