Buying A New Home? How A Property Lawyer Can Help
Posted on: 10 April 2015
Are you in the market for a new home? If so, and if you have found the home that you would like to buy, there are going to be many legalities involved. In order to make sure that everything is done properly so that there are no problems later on, it is important that you hire a property lawyer. This is the person who is going to make sure that all of the legalities are taken care of and that the transaction goes smoothly. Some of the things that your property lawyer will do for you include the following:
Drafting Documents
There will be a number of documents needed to complete the home buying transaction. Your property lawyer will be the person who drafts these documents, which include deeds, leases, rental contracts, buying contracts, and financing. You can have your real estate agent fill in the required information on the documents, but it is best to make sure that the documents are actually created by someone who is well-versed in property law.
Negotiating
If you are not happy with the terms or conditions of the sale, your property lawyer can negotiate these terms on your behalf. They will work with bankers, attorneys for the sellers, etc,. to get you the best deal possible on your new home.
Reviewing Transactions
One of the most important reasons to hire a lawyer who specializes in real estate law is that they have specialized training that lets them spot certain problems that other general lawyers may not immediately recognize. They will review every aspect of the transaction before it is finalized to make sure that you are not only getting the right deal, but also that there are going to be no legal issues after you purchase your new home.
Litigating
The last thing you want to think about when buying a new home is ending up in litigation over the sale, but it happens frequently, and it is something that you do need to be aware of. Should your transaction not work out as it is supposed to, your property lawyer will represent you in court. Some of the tasks they will perform include being at and taking part in court hearings, creating and filing legal pleas, filing the paperwork for the appeals process if necessary, etc. Their main goal is to help you, and they will also try to bargain with the seller so you can reach a settlement that is agreeable to both parties.
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