Buying real estate is probably one of the biggest investments you will make, and usually
a fun and exciting one. Obviously, you want the process to go smoothly.
You probably know that hiring a good real estate agent is important, and it’s easy to
have your real estate agent recommend a lawyer with whom they often work. While
that might be OK, you might also consider searching out your own real estate lawyer,
someone you trust, because it’s such a monumental purchase for you.
Some states require a real estate lawyer during the closing on your purchase, but even
where it is not required, you should consider hiring one. In North Carolina, your home
purchase is required to be processed by a law firm.
What Does a Real Estate Lawyer Do?
A real estate lawyer is in charge of preparing all of the legal documents and ensuring
that you have done your part as the buyer. They also work with zoning, estate planning,
titles and more. If you are dealing with a foreclosure or another issue, a real estate
lawyer needs to be involved with that.
You may think that when buying your house — if it has no title issues or other problems
— a real estate lawyer isn’t as critical. But here are some specific examples of when
they come in handy!
Closings
Anyone who has bought a house knows the amount of paperwork that comes with it!
Most of this paperwork contains a lot of legal jargon. A real estate lawyer is there to
help you through the legal terms and explain the contracts in plain language. You want
to ensure that your real estate lawyer is knowledgeable in this area to confirm that you
fully understand the documents you are signing.
Although going through contracts can seem tedious, you will be thankful that you went
through them if a problem arises in the future.
Property Deeds
There are many different types of deeds, but essentially, all deeds transfer the
ownership of a property from one owner to another. During this transfer, deeds need to
be notarized and submitted to the county’s Register of Deeds office.
A good real estate lawyer helps you through this process, making sure that every step is
completed. If any difficulties arise, the lawyer will step in and be able to handle the
situation with your best interests in mind.
Title Searches
Title searches are very important when it comes to buying a new property. They are the
process of sifting through records and determining who the owner is, as well as any
possible liens on or other claims against the property. Searches can even involve
discovering the historical documents connected to a property. Having a good real
estate lawyer to search for these records is important, because as a potential
purchaser, you should have all of the available information before you make your final
decision.
At Kelly & West, our real estate lawyers will make sure that your rights as a home buyer
or home seller are protected while ensuring all necessary legal documents are in order.
We hope this gives you a better idea of when you need a good real estate lawyer,
whether you are dealing with closings, property deeds or title searches. Remember, it
is best to be fully informed before making a decision as important as purchasing a
home.
Contact us today if you have questions about, or need assistance with, your next home
or property purchase.
