When my husband I decided to start a business, we didn't think about the legal aspects of doing so. We didn't realize that purchasing business insurance, getting building permits and making investments all required some type of legal advice. But after speaking to a close friend, who also happens to own a small business, we contacted a business attorney. Now, we have the legal smarts to make the best decisions for our business, as well as the legal representation in case something happens to our company. I hope that you find my blog helpful and informative for your own business. It's a great resource for finding the legal advice, resources and guidance you need to get your company up and running.
You probably realize that you should hire a real estate agent when buying a house, but you might not understand the importance of hiring a real estate lawyer, too. While you do not have to hire a lawyer to purchase a home, it is a wise decision to choose to. Here are three things a lawyer will do for you when you are buying a home.
Reviews the Contract to Make Sure It Protects You
The first thing you must do after finding the right house is to make an offer. The offer you make must be in writing, and it must be thorough. It must also protect you as the buyer in the transaction. How do you go about creating an offer like this? Well, you could let your agent help you, or you could work with a real estate attorney for help. If you choose to hire a real estate lawyer, you can know for sure that your offer will protect you in every way possible. Lawyers know the right language to use and the necessary details to include. It may cost a little more to have a lawyer working with you, but it is worth the extra fees.
Evaluates the Title Work
After you reach an agreement with the seller of the property, you will begin working towards closing on the deal. One vital step in the closing process is title work. Title work is more important than most people think, and this is a second reason you need a real estate lawyer. Your lawyer will analyze the title search to ensure that it is thorough and accurate. If there are any errors in the title work, your lawyer will catch them. If you don't catch errors in it now, they can turn into major problems later.
Handle the Necessary Filings
The other essential task a real estate lawyer assists with is filings. There are several filings that must be completed after you close on the property. One is the deed. You must file the deed with the county and state to record the purchase of the property. Filing this in a timely manner is vital after purchasing a home, and your lawyer will make sure it gets done.
As you see, a lawyer can help you do things that your agent cannot assist with. If you are interested in learning more about how this works, contact a local real estate lawyer today about real estate legal services.