Are you buying or selling a house? If you’ve started this process, you know that although it’s exciting, it can also be a stressful time. Having an attorney can help you relax and know that the legal “stuff” will be handled. Contact us today to talk to a Gwinnett County real estate attorney and put your mind at ease and make your home buying or selling experience easier.
What can an attorney do for me at a real estate closing?
Real estate transactions are complex. Nothing ever seems to go according to plan. Here are some key areas where an attorney can assist:
- Buy/sell document review
- Examination of title
- Title insurance
- Closing coordination
Buy/sell document review
Every real estate transaction starts with a pile of paperwork. These include purchase agreements, disclosures, inspection reports, etc. Someone needs to review all this paperwork and work on your behalf. A real estate attorney can be essential in making sure all the paperwork is in order and more importantly, they will be there to assist if something doesn’t go as planned. Knowing how to respond and what your legal rights are is essential when dealing in real estate.
Examination of title
Every parcel of real estate has a recorded title in the county where the property is located. When a purchase agreement is signed, both the buyer and seller will want to ensure that the title of the property is free and clear. This means all liens and other encumbrances (e.g. tax lien) are identified and will need to be satisfied prior to closing. In order to ensure that the title is clear for the buyer, a title examination needs to be conducted. This is usually done by the closing attorney. This title examination will also be used by the lender to ensure clear title. A real estate attorney can help you conduct this title examination and advise you of any risks it may show.
Title insurance is an important part of the real estate closing process. There are two types of policies- a lender’s policy and an owner’s policy. The insurance protects both the buyer and seller in the event there is a future, undisclosed problem with the property’s title. Title insurance is also often required by the lending bank. Your real estate attorney can help you obtain the correct insurance. You can learn more about the importance of title insurance here.
Closing coordination and representation
Many things happen at a real estate closing. Documents are being passed around, signed, and reviewed quickly. Whether you are buying or selling having an experienced real estate attorney at your side during closing is critical. Your attorney can make sure that all the paperwork is complete, the documents are in order, checks are cut properly, and ask questions if things are not in order.
Contact an experienced real estate attorney today
The Epps Law Group has extensive real estate closing experience for both buyers and sellers. Whether it’s your first time purchasing real estate, or if you’re familiar with the process, let us handle the stress and leave the details of your real estate closing to us. We assist both buyers and sellers. Call today at 678-456-4627.