Individuals in the process of buying or selling a home should protect themselves by contacting a real estate attorney in Walker, MN. When home buyers and sellers both have an attorney, it is easier to come to agreements that satisfy both parties. Read the frequently asked questions below to learn more about the importance of hiring an attorney for all real estate matters.
What are the benefits to home buyers for hiring a real estate attorney?
Before purchasing a home, prospective buyers should consult an attorney to make sure their legal rights are protected during the home-buying process. An attorney will examine the contract between the buyer and the seller, make sure there are no liens on the title, and file the mortgage paperwork. A seller often hires an attorney to also inspect the contract, make arrangements for their final loan payment, and write up the necessary documents for the sale of the property.
What kinds of problems can occur for buyers and sellers of real estate if they fail to hire an attorney?
If buyers choose not to hire a real estate attorney, and the home doesn’t pass an inspection due to a significant issue, they can lose a large sum of money if a termination clause isn’t listed in the contract. If there are inaccuracies in the contract and these discrepancies aren’t noticed until after the signing of the documents, it can take weeks before the issues are straightened out. This type of problem can also run into additional expenses that are paid for by the buyer.
When individuals decide to sell their home without the assistance of a real estate attorney they may encounter problems with the title that could be easily resolved by a real estate attorney. When a real estate attorney in Walker, MN is on their side, sellers are also protected in regards to the terms stated in the contract.
Individuals who need a real estate attorney can contact the office of Michael S. Birch, Attorney at Law. To learn more about deed changes, title examinations, and contracts of sale, click here to visit the website and schedule an appointment.
