When you are closing a sale when purchasing a home, there might be a large number of legal documents that you will need to review. You may not be sure what all these documents mean and many home buyers will turn to real estate attorney services when they are in this situation.
The Role of a Real Estate Attorney
A real estate attorney service can help you navigate the review of the documents. You might find it very intimidating to review documents if you are purchasing a home for the first time. Unfortunately, some sellers do not meet all requirements and you will need help from a real estate attorney to make sure that your rights are protected.
The Home Inspection
You will need to be given an inspection report. Your home will need to be inspected before you can know what repairs may be necessary and to make a decision regarding whether you will move forward with selling your home. You may need to negotiate for repairs to be made to the home. Also, you will need proof that the repairs were actually performed.
The home seller might refuse to allow the home to be inspected or you might suspect that the seller or the home inspector is engaged in fraud. If this is the case, you will want to bring this up with a real estate attorney.
The Title Investigation
The seller will provide you with proof of a title search and insurance. A title search is a major part of buying a home because you will not want to purchase a home that may have unpaid taxes attached to it that you may be forced to pay. Otherwise, you may lose your home.
The Home Appraisal
You will need a home appraisal. This will help you make sure that your home is worth as much as is being claimed. Your appraisal needs to be correct because an improper home appraisal can hurt your attempts at receiving a mortgage. However, you will need to be able to see the appraisal to challenge it. Fortunately, by law, you have the right to receive a copy of the appraisal if you are a home buyer. If you are not happy with the appraisal, you may seek a second opinion.
There are several other documents you'll have to deal with such as a:
- Closing disclosure
- Deed of trust
- Notice of right to cancel
You should have each of these explained to you by a licensed attorney.
Reach out to a real estate attorney for more information.