Why Hire a Real Estate Attorney
October 29, 2009 by Customer Care
Why Hire a Real Estate Attorney, by Des Moines Real Estate Experts RE/MAX Real Estate Concepts
Although some states don’t require an attorney for real estate transactions, it is in the best interest of both the buyer and seller to retain their services. There are many benefits of hiring a real estate attorney from the beginning of the transaction process.
A qualified attorney can spot potential trouble before it starts and fix it or avoid it altogether.
A purchase offer to buy a house is a legal contract, according to. Attorneys for the buyer and seller will review the contract to insure their client’s best interest is protected. This can include changing some of the wording in the contract, or even omitting certain elements if need be. If there are any problems the attorney will work with the other professionals involved to resolve the problem. Other professionals include the real estate agent or broker, mortgage loan company, or even the home inspector. Your attorney will intervene on your behalf to correct the issue or problem.
The attorney also handles the legal paperwork associated with closing on the sale of the house. This can include the title search, making sure there are no liens against the house, and even acting as the escrow agent in some cases.
Attorneys are responsible for reviewing the monetary figures on the closing documents and paperwork. An attorney can spot errors that may occur, especially from complicated calculations that must be figured down to the day of closing. An example of last minute calculations is real estate taxes. Since most real estate taxes are already paid before closing, the buyer gives the seller a credit. This is calculated down to the day of closing.
Hiring the right attorney is important. You wouldn’t go to a cardiologist to have your appendix removed. Don’t hire a trial attorney for a real estate transaction. There are many real estate attorneys in the Des Moines area. Ask your real estate broker for a recommendation of three names. Another way to find a specialist is to contact your bank and ask what firm they use for their real estate transactions. A third method used to find a real estate attorney is to contact a large legal firm and ask if they have any associates that specialize in real estate transactions.
Real estate involves a large financial transaction. Protect your interest with the services of a real estate attorney.
There is a lot of free information available to you about buying, selling or investing in Des Moines real estate. For complete information about the Des Moines real estate market including current homes for sale, property values and more please visit the most complete website online dedicated to everything Des Moines real estate at Real Estate with RE/MAX. Please feel free to contact us with any of your real estate or mortgage related questions and we will be more than glad to answer your questions. Call us at 1-800-708-5890 or email us at dsm@realestateconcepts.net.
Filed under Des Moines Real Estate Blog
Related posts:
- The Role of a Real Estate Attorney in Purchasing a Home Any time a home is purchased or sold a real estate attorney will be required to finalize the deal. Sometimes it can be complicated with...
- Real Estate with RE/MAX Show – Attorney David Pulliam RE/MAX Brokers Lance Hanson, Matt Mauro and Ryan Rivera are joined by David Pulliam as they discuss the legal aspects of real estate and estates....
- Closing on Real Estate What happens at closing? Many important transactions take place at a closing on real estate in Des Moines. ...
- The Real Estate Closing Process The process of closing a real estate transaction in the Des Moines area is easily understood with the help of a professional real estate agent....
- Real Estate Contracts The real estate contract is perhaps the most important document for home ownership in the Des Moines area. Another important document in the home ownership...
