The Real Estate Encyclopedia
Law Offices of James C Bechler-Real Estate
Category - Home Buying Questions - General Home Buying FAQ's
Buying a home is a big deal. Some go in without an attorney, assuming a real estate agent will have all the answers and holds the legal weight of an attorney. They do not. That is why it is important to consult with a real estate lawyer before you make that big decision.

If you’re buying a home, your lawyer should:

-Help you understand the purchase contract, including how you will take title on the property.
-Check that there are no covenants, easements, liens, etc. registered against the property that will impede your use of it.
-Prepare and register all the legal documents.
-Clarify the terms of the mortgage and work with your bank, if necessary, to modify them.
-Scrutinize the adjustments, including taxes owing and utilities costs paid, prior to the transaction closing.
-Attend the closing and review all the papers you will be required to sign.
-Arrange title insurance protection to protect you from losses due to title defects.
-Ensure you receive a valid registered ownership subject only to the liabilities you have accepted.


If you’re selling a home, your lawyer should:

-Review the binder and review or prepare the purchase and sale agreement, including negotiating its terms.
-Prepare the deed and power of attorney if necessary.
-Deal with title issues as they arise and help correct them.
-Attend the closing and review all the papers you will be required to sign.
-Arrange for transfer of security deposits.
-Arrange for insurance certificates if needed.

The law offices of James Bechler offers free consultation on such matters. To set up a consultation visit http://www.jamesbechler.com


 
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