There is a lot at stake when purchasing real estate – much more than most home buyers even realize. As one of the most expensive investments you’ll ever make, it just makes sense to protect it and yourself throughout the purchase process.
One of the best ways to mitigate risk and protect yourself as a buyer from any closing or title issues is to partner with a real estate attorney when buying a home.
How a Real Estate Attorney Protects You
The paperwork that comes with closing can strike fear in any homeowner – and rightfully so. These pages and pages of documents contain legally binding information that could come back to haunt you if they are not carefully reviewed by a legal professional. Here is how a real estate attorney can protect you from closing issues:
- They tackle title issues – A clear title is essential to any real estate transaction. If there are issues with the title, your real estate attorney will address them and make sure you are protected. They will also facilitate purchasing title insurance so you can rest assured you will be protected well into the future as well. For a primer on title insurance, be sure to read this post.
- They assist with reviewing loan documents – Reviewing the loan documents for accuracy is imperative as mistakes could end up costing you more money, or worse – your home if the bank later tries to foreclose on your property. The documents you sign at closing will be those upon which the foreclosure process will be based. A real estate lawyer can help protect you from unforeseen liabilities.
- They review all other documents, too – Problems or errors in documents is one of the most common reasons for delays in closing. It could be a simple spelling error or a much more egregious mistake. Your real estate attorney will thoroughly review all documents for accuracy to ensure that any problems are promptly corrected. Examples of other issues to watch for during a residential real estate closing include home inspection red flags and contingency concerns.
Hiring a real estate attorney can be the difference between having a seamless closing experience and having the entire sale fall through. Protect your home and your best interests by having a lawyer at your side. Our team at the Law Offices of Alex D. Sirulnik, P.A. and ADS Titles Services, Inc. have completed hundreds of closings in the tri-county area, including Miami-Dade, Broward and Palm Beach (as well as Monroe) and are ready to help you with yours. Contact us today to learn more.