Some of the specific tasks that a real estate lawyer may handle include the following:
- Reviewing and explaining legal documents: Real estate agency lawyers will review and explain the legal documents involved in a home purchase, including the purchase contract, the title report, and any disclosures the seller provides. They will also help to ensure that the documents are properly executed and that any contingencies or conditions included in the contract are met.
- Conducting title research: A real estate lawyer will research the property’s title to ensure that it is free and clear of any liens or encumbrances. They will also ensure that the title is properly transferred from the seller to the buyer.
- Handling the closing process: Real estate lawyers often handle the closing process, which involves the transfer of funds and the transfer of the property’s title. They will also ensure that all necessary documents are properly executed and that any final contingencies or conditions are met before the closing.
- Representation in disputes: If a dispute arises during the buying process, such as a dispute over the property’s condition or a dispute with the seller, a real estate lawyer can represent the buyer’s interests and provide legal advice on how best to resolve the issue.
- Providing guidance on mortgage and financing: A real estate lawyer can also assist with obtaining a mortgage, including reviewing the loan agreement and ensuring that the buyer fully understands the terms and conditions of the loan.
- Legal representation for disputes after closing: Real estate lawyers can also assist clients in disputes arising after the closing, such as boundary disputes or disputes over the property’s condition.
Overall, a real estate lawyer can provide valuable guidance and representation throughout home-buying. They can help ensure that all legal aspects of the transaction are properly handled and provide peace of mind for buyers, sellers, and lenders alike.
