Feb 14
Buying or selling a home is the single most important business transaction that occurs for many people in their lifetime. Whether you are a buyer or seller, it pays to spend a little extra money to hire a real estate attorney before signing that Agreement of Sale, and here is why
- Your real estate agent is not licensed to advise you on legal issues such as zoning problems, environmental concerns, easements, township ordinances, and other restrictions that may affect the ownership and use of the property.
- A real estate attorney can assist you and your realtor in transactions involving boundary disputes, survey issues, estate sales and other factors that may complicate your particular transaction.
- A real estate attorney can review all of the loan documents to make sure you understand your obligations, and most importantly, to confirm that the lender did not alter the originally agreed upon interest rate and payment terms.
- Problems always arise in new construction purchases! You will have taken great steps toward protecting yourself and your investment by hiring competent legal counsel to guide you throughout the transaction.
- Something will happen in the purchase or sale of your home that you will not anticipate! Your real estate attorney can plan for and protect you from unexpected pitfalls that could jeopardize the transaction.
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Author: Olan
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