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3 functions of an attorney during a real estate transaction

| Jun 17, 2019 | Uncategorized

When it comes time to sell your home, you want to make sure everything goes smoothly. After spending some time and money on prepping the house for sale, the last thing you want is for things to go wrong during the selling process.

An attorney is one member of your real estate team you may not have thought important. After your realtor gets buyers in the door and ready for a contract, your attorney can take over and handle these three details to make your selling experience more tolerable:

1. Contract preparation and review

A contract for sale of property is not always easy to read and understand. While residential real estate transactions may seem cut and dry, it does not happen this way all the time. Once the parties reach an agreement on the price and the other terms of the purchase and sale, an attorney will step in and handle the contract. In doing so, an attorney ensures the contract contains every aspect required of the transaction.

2. Title issues and resolutions

Things come up during the course of readying a home to sell. While the buyer is busy securing financing and conducting site inspections and appraisals, the seller’s attorney is hard at work making sure the property is fit to sell. This includes a full title search and survey in many cases. When a title search reveals a potential issue, such as a lien, the attorney can address and resolve it.

3. Closing details

In a real estate transaction, the seller is typically responsible for preparing the documents and setting up the closing. The lawyer facilitates the document signing and recording of the required paperwork. This process requires someone with a keen eye for detail and following the most recent county laws.

With the right attorney as part of your team, selling your home does not have to result in a great amount of stress.