Real Estate Calls for a Real Attorney

Are you getting ready to purchase a home and are putting together your team of professionals to help you do it? If so, it helps to know more about what a real estate lawyer does and how they can save you from potential headaches. 

The Lawyer Checks The Legal Documents

One of the most important things that a lawyer will do is check over any contract that you are signing. That's because the seller's lawyer is typically the one that drafts the contracts that you sign, and you want to make sure that someone is on your side to tell you that everything in the contract is appropriate. For example, you want to make sure that there are clauses in the contract that protect you from losing earnest money. 

If there are things in a contract that you want to be changed, then your lawyer writes a modification letter that formally requests that the seller's lawyer make changes to the contract. It's important that the right verbiage is used when making legal requests so that you know it is all being taken care of properly.

If you are working with an escrow company, know that your lawyer is going to be the one that works directly with them. This is because there are a lot of forms that need to be filled out and reviewed with the escrow company, and your lawyer can deal with all the back and forth communication necessary to work with the escrow company. 

The Lawyer Explains Every Document That You Sign

You should never sign a document during the home purchasing process without fully understanding what it is. Your lawyer's job is going to be to read every document that you receive and then explain it to you before you sign it. This helps you understand what is going on during the closing process, and helps speed it up since you do not need to take the time to read and understand each document as it is presented to you. 

The Lawyer Helps With Difficult Home Buying Situations

It's possible that your home buying process will not go smoothly. You may run into a situation where there are liens or judgments against a property that need to be cleared up, you are confused about the tax consequences of the purchase of a property, or you need to back out of the deal and find a way to keep your earnest money. Your lawyer helps with these difficult legal situations so they are handled properly. 

For more information, contact a real estate attorney near you.