The home buying/selling season is upon us! It looks like it’s going to be a hot one. The sale or purchase of a home can be an exciting – but sometimes stressful – time. For most people, such events represent the largest and most complicated money transactions of their lifetime. There are many moving parts to a real estate transaction – deadlines, contingencies, possible inspection issues, and/or title issues – and many different personalities – multiple attorneys, real estate agents and lenders – so having an attorney counsel you through the process is very important.
An attorney can:
- Provide a complete picture of the sale or purchase process, including common issues in real estate transactions;
- Draft, review, explain and/ or negotiate your contract to sell or buy;
- Draft private mortgage documents, deeds, leases or land trust documentation;
- Discuss timing and possession issues;
- Protect your rights under the real estate contract by explaining and monitoring contract deadlines and contingencies to make sure each are timely met;
- Communicate and negotiate home inspection issues;
- Examine the title commitment for any encumbrances or defects;
- Identify and remedy complex matters of real property law;
- Examine the survey to confirm the location of all improvements, easements and boundary lines;
- Monitor the financing process;
- Verify and explain tax prorations and closing amounts;
- Attend the closing, review closing documents for accuracy and explain what you are signing and why;
- Review the recorded deed and final title insurance policy for accuracy.
An attorney is your ally in this process and can be trusted to provide experienced and unbiased advice at each step of the transaction. The Kaman Law Firm, P.C. can help make sure that you arrive at the closing table as smoothly as possible.