How A Real Estate Lawyer Might Help You Buy Your Dream Home
Whether you have already found the home of your dreams or you have not even started looking yet, you might want to think about hiring a real estate lawyer to help you with the process. If you are not yet sure as to why you would need a lawyer, it would be wise to take a moment to reflect on the following reasons to do it. This way, you are not missing out on any of the benefits that would come from hiring a skilled lawyer.
Even though the real estate company is supposed to make sure that they are selling a home that will have a free and clear title to transfer to you upon completion of the sale, it does not always work like that. There have been many cases where new homeowners find that there is an old mortgage that was never paid off from a previous owner or that there was an ex-spouse who never signed off on the sale of the property. Both of those things, along with many other issues, can cause a lot of problems for you. Therefore, you will want a real estate lawyer to conduct a thorough title search before you sign on the dotted line to purchase the home.
Property Boundary Search
Sure, the real estate agent might be more than happy to show you where the current owner claims to be the perimeter of the land. However, some people might lie. Some people might be mistaken on the facts because they were given incorrect information when they bought the property many years ago. In order to prevent any major legal issues down the road with a neighbor, you need to know where the property lines are. After all, why spend so much money on something you are not clear on?
The real estate lawyer can arrange for a private property surveyor to come out. With his or her help, you will have a clear understanding of where your property ends and another property begins. This helps to ensure that you are not paying a lot of money for land that is not actually yours.
As you can now start to imagine, there are many good reasons to hire a real estate lawyer. All you need to do is to find one that is local and that has a great reputation for doing an excellent job. The sooner you retain your lawyer, the sooner you will find yourself in the home of your dreams.