First Time Home Buyers
Buying a home is likely the biggest financial decision you will make in your lifetime. A real estate attorney at your side, especially if you are a first-time homebuyer, helps simplify the process.
Real estate contracts can be complicated, and it is important to know what your legal rights are when purchasing a home. A lawyer will ensure that there are no factual errors in the contract and that your financial interests are protected. The closing documents are crucial to ensure a smooth transaction. Your attorney will make sure all loan documents are prepared accurately and reflect the agreed-upon fees. Mortgage packages alone are sometimes hundreds of pages long, which can be extremely intimidating if you do not know how to navigate the documents.
One of the best advantages of hiring a real estate attorney is having them negotiate things on your behalf. For example, if there are repairs needed on the home, your lawyer can negotiate with the seller to have them done, or to have the selling price reduced. During the negotiation process, you will not have to contact the seller or their lawyers at all. Your attorney will handle all communications with the seller. This alone is a huge advantage for you as a first-time buyer.
The closing is where everything happens. If things go smoothly, you leave the closing with the keys to your new home. Having a real estate attorney there to represent you is essential. You will be able to ask your attorney questions throughout the entire closing process. It is common for last-minute issues to pop up, so having an attorney present gives you peace of mind.
Let us make the purchase of your first home easier for you! Feel free to contact us with any questions you may have.