If you are getting ready to purchase a home, especially one that is being sold by the owner instead of through a real estate company, you might want to consider retaining a real estate lawyer. Here are the reasons why:
Conducts A Title Search For You
One of the most important things that you have to check on when you are purchasing a piece of property is whether or not there are any liens against it. If there are, you want to know that those liens are going to be able to be paid in full so that the title can be released to you. If you are purchasing a home and somehow the liens are not paid off by the original owner, the lien holders can still come after your new home as an asset used to pay off the previous owners debt. Once your real estate lawyer tells you that the title is clear or that there are liens that can be paid off, you will know that it is safe to proceed with the transaction.
Helps Double Check The Quality Of The Inspections
You want to make sure that you are not only getting the proper home inspections completed, but that they are completed by a third party company that has no direct ties to the seller. It might also be a good idea to allow your real estate lawyer to read through the inspection paperwork to ensure that it covered everything and so that you have a full understanding of what the paperwork means. The last thing you would want is to discover that there was a mold issue that was hidden within a lot of weird terminology in the inspection and you did not find out about the issue until after you have signed the purchase agreement and moved in.
Ensures That The New Deed Is Properly Recorded
It is important to make sure that you are not just being given the deed to your new property, but that it is being recorded with the courthouse. The last thing you want is for someone else to come forward and claim that they have ownership to your property, which would then most likely result in a lengthy legal battle in order to retain your rights to your property. You can skip all of that trouble by making sure that the deed is immediately recorded.
With those few things in mind, you should have a much better idea as to why you will want to seek out the assistance of a real estate lawyer. Click here for info on real estate lawyers.