Real Estate Attorney When Do You Need An Attorney

Who needs a real estate attorney when you have a real estate agent working for you, right? Wrong! agents can be very helpful in showing you where to find the perfect home or selling the one you no longer need, but they are not attorneys.

Any time someone signs their name to a legally binding document, they should have an attorney look it over first. Once you sign your name on the dotted line of a contract, you are legally bound to it. Protect yourself by having a legal expert take a look at it first.

If you are buying a house, the attorney will be able to do the following:

* They will advise you on the title documents and the best way to hold title of the property.

* They will make certain that you fully understand the sales contract and what it entails.

* They can look over mortgage terms, insurance liability and taxes. If a few more people had used real estate attorneys before they ended up with damaging hybrid mortgage arrangements, perhaps our country wouldn't be experiencing the current high rates of foreclosure.

* They will make sure that there are no problems with the title insurance

* They may attend the closing to scrutinize all paperwork before you sign it.

* If you are having a home built rather than purchasing an existing home, there are even more details that require an attorney's eye for details. The contract for a home being built is quite complex and includes deadlines, building material stipulations, zoning laws, etc.

If you are selling a house, the attorney will be able to do the following:

* Make sure the sales contract covers all details to protect you.

* Arrange for title and insurance certificates, if necessary.

* Attend the closing to look over documents, if necessary.

Real estate attorneys are well versed in federal, state and local laws and how they pertain to the buying and selling of property. They are able to help with other property issues, as well. They can advise a homeowner who is facing foreclosure or is involved with a property line dispute with a neighbor.

A real estate agent is helpful, indeed. But realtors are making a commission from a home being sold so they have their own agenda. A real estate attorney's agenda is to provide his or her client with protection. Don't you want one on your side when you are signing off on some of the largest financial transactions of your lifetime?

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