After searching far and wide, you finally found your dream home. Before you move any further, you have two options. You can either go through the entire home buying process alone, or, you can first hire a real estate attorney to guide you every step of the way.
Option 1: Walk Alone
Whether you’re totally alone, or you have help from your realtor, without a real estate attorney, you still won’t be fully prepared for the entire home buying process. You won’t know what’s supposed to be disclosed to you before you sign the agreement of sale. Once you get to the closing phase, you’ll suddenly realize the documents are so saturated with legal jargon, that you can’t understand most of them. And wait a minute, nobody told you about the zoning restrictions on the property, or those extra zeros on the price tag! Your dream home is days away from being yours, but now you have these last-minute concerns, and you don’t know what to do.
Option 2: Hire a Real Estate Attorney First
Hire a real estate attorney at the very beginning of your home search. Should you encounter any issues, your real estate attorney will be right there to help resolve them. Real estate attorneys are well versed in local real estate laws, and legal terminology. They’re able to ensure everything is negotiated according to your best interests. Your real estate attorney will explain things in layman’s terms, so you understand what’s going on every step of the way. With your real estate attorney in your corner, you can rest assured knowing all your documents are being handled in conformity with the laws of your state. They will also ensure all pertinent details, obstructions, and risks have been properly disclosed to you beforehand, thus preventing any last-minute surprises by the time you get to the closing phase. It’s important that you involve your attorney BEFORE you sign any documents related to your transaction. Many people believe they can hire an attorney for closing. By then, it’s likely too late. Your attorney can provide the most help by being involved as early as possible.
If you want to secure the best possible outcome for yourself and your family, wise up and get a real estate attorney.