Buying a home is one of the biggest decisions that you'll make in your life. Enlisting the expertise of a local real estate person is the first step most future home owners take. They want someone who knows the area where they are shopping for a home and is educated on the current market. This is definitely the best place to start however once this decision is made most people do not take the next best step, hiring a real estate attorney.
A real estate attorney takes the responsibility of examining all contracts pertaining to the property you're interested. They insure there isn't a lien against the property and make sure the title is clear before you commit to anything. These services go above and beyond what a closing attorney would do at the end of a home purchase transaction.
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Hiring an attorney to guide you through the process of buying a home will cost you an additional fee. However the extra cost is typically well worth it. Today's market is full of foreclosures and short sales that can make buying a home a bit more complicated. You don't want any surprises and your attorney will be able to find any unexpected legal complications prior to closing on the home.
Buyers are not the only ones who could benefit from the services provided by a real estate attorney. If you are selling your home in this market you don't want to have a buyer walk out on a sale at the last minute, or become faced with multiple offers and feel unsure how to manage them. These are just two things that your attorney would be able to assist you with. In a down market finding a good buyer can be a challenge so you want to make sure that everything is organized on your end in hopes of having as smooth a closing as possible.
Whether buying or selling, the real estate market has changed in the last year and foreclosures and bankruptcy have become far too common. The more people you have on your side the smoother your experience will go.
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