Are you planning to purchase a home and think that you can do it all on your own? If so, you better think twice before you make an offer without a lawyer on your team. They can assist you with purchasing a home in the following ways to make life easier for you.
Perform A Title Search
A lawyer can figure out if there are any problems with the property before it officially becomes yours. This is done by performing a title search, which is when the lawyer tries to discover potential legal problems with the property that might mean that the seller is not the rightful owner of the home.
For example, if there is a property lien on the home, the seller may not have permission to sell the property without the lien holder's consent or without resolving the problem that led to the lien. If you were to take control of the property without knowing there is a lien on it, you would have to resolve the lien before you become the rightful owner. This is likely something you would rather not deal with, so you may decide to pass on the home if there is a problem.
Review Documents
You'll probably never sign your name more in one day than on the day you close on your home. That's because there are dozens of documents that need to be signed before you can become the rightful owner of the property. However, do you think that you are capable of reading all those legal documents and fully understanding them? That is where a lawyer comes in to help. Your lawyer will work on your behalf to read all documents that you sign on your closing day. If they see a problem, they'll correct the paperwork so that you are not signing an incorrect document.
Verify Closing Costs
There are going to be a variety of different closing costs that need to be paid on your closing day. Your lawyer can review every expense that comes your way regarding the closing of your home, and they will verify it to make sure that it is correct. It would be very easy for an incorrect amount to be slipped into your closing costs on your closing day, and having a lawyer know what costs to expect can help catch errors in the fees that you have to pay when buying a home.
Contact a local real estate law firm to learn more.
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