Real Estate

What Homebuyers Need to Know About Real Estate Attorneys

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For most families, purchasing a home is the biggest investment of their lifetime. For that reason, it’s of the utmost importance to surround yourself with real estate experts who can help you get the best deal while avoiding potential pitfalls. The two most important members of this team are the real estate agent and real estate attorney Ashburn VA.

The majority of home buyers choose to work with a real estate agent throughout the home search and negotiation process. However, once the agreement has been reached it is the real estate lawyer’s job to see the legal transaction through smoothly to the end.

Am I Required to Use a Real Estate Attorney?

In many states, laws require that a real estate attorney is present at the closing for the homebuying transaction. Such laws are designed to help both buyers and sellers. Whether or not your state specifically requires you to have a real state attorney present, it is in your best interest to do so, particularly if your contract was negotiated as a For Sale By Owner transaction.

The real estate attorney who oversees a home mortgage loan closing may be a representative of the mortgage company. In this case, you still have the option of retaining your own attorney to represent your interests.

What Can a Real Estate Attorney Do For Me?

For most families, buying a home is a massive purchase that will represent a large part of the monthly budget for several decades. Getting the best deal and understanding all of the legal and financial obligations of homeownership is vital.

While real estate agents or realtors are well-versed in home buying, it is important to understand that they are not attorneys. A real estate attorney will work to finalize the contracts for your purchase and answer your questions about the process.

He or she can also help you draft any necessary contract amendments and settle disputes equitably.

Hiring a real estate attorney is a small additional expense that will give you the peace of mind to move into your new home worry-free.

About author
Shreyashi is a software engineer in the US. Along with her work schedule, she has managed to travel all the 50 States of the country and wants to pen down her experiences, journeys, and joys through her write-ups and share them with the world. You can find more details on