How a Real Estate Attorney Saves Time and Money at Closing
Closing on a house can be an incredibly exciting time, but don't let your emotions get the better of you. You need to make sure the transaction is handled correctly, and if you're not paying close attention, you could miss something. Anxiety can run high and misunderstandings can occur, especially for first-time home buyers. If you want to save time and money at closing, as well as be sure that you have someone watching out for your interests, secure a real estate attorney. Here are three reasons why that could be your very best move when getting ready to close on a home.
The Cost is Comparable to a Title Company
Sellers are often concerned about the cost of hiring an attorney for closing because they want to get the most out of the home they are selling. While that is completely understandable, the cost of a real estate attorney is comparable to the cost of a title company. An attorney is there to protect the buyer at closing, helping him or her feel comfortable with the entire transaction and ensuring that nothing is overlooked.
With costs being very similar to what is charged by a title company, it is well worth the investment to use a real estate attorney and have the peace of mind that comes with legal representation. Whether you're buying or selling a property, you can't go wrong with a real estate attorney by your side.
Title Companies Cannot Provide Legal Advice
When you are the buyer for a home, whether it is your first home or you have purchased before, having a real estate attorney can help ensure you do not end up buying a home that is not what it seems. Having a real estate attorney representing you as a buyer means you not only will have peace of mind, but also have access to legal advice that can keep you more financially secure.
Sellers can benefit from the legal advice received by a real estate attorney, as well. If there are questions about anything legal in the transaction, a title officer really cannot help. They are not allowed to provide the type of advice an attorney can offer, and that can leave a seller with an unpleasant financial surprise at closing.
Securing an Attorney Means Your Interests Are Protected
Having someone you can trust looking out for you can really matter when you are buying or selling a house. Real estate transactions are some of the most financially significant transactions you will ever make. A title company only represents the title underwriter, not either party to the transaction. That is an important difference between having a title officer or a real estate attorney handle the closing. Protecting your interests is what the Law Offices of Mery Lopez does best. Give us a call today and we'd be happy to help you close on the home of your dreams.