Do You Need A Real Estate Lawyer?
What a real estate lawyer will do for you
Purchasing and selling Portland real estate is a big deal. You are looking at a lot of money changing hands and that means contracts. When you are buying a home, or selling one, you need the process to go as smoothly and easily as possible. The best way to know things are getting done right is to get a real estate lawyer.
Real estate has its own set of laws and issues that can come up that you would not find with other purchases. By choosing to have a lawyer you will be able to ensure that the sale goes through without any glitches.
Your lawyer is there to make sure that your rights are protected and your duties clearly laid out for you.
Why you need a lawyer when buying
When you are buying a home, your lawyer will be there to help you understand the contract. They will also be able to tell you how to take title on the property in question. The lawyer will make sure that you get valid ownership of the property under the terms and conditions you have agreed to.
There is an enormous amount of paperwork involved in buying a home and this can easily become overwhelming. This is especially true if you are new to the process. Your lawyer will go over all of the documents and forms to make sure nothing is amiss.
He or she will also check the property and make sure that there are no covenants, liens or easements registered against the property. This is vital because these things could affect the kind of use you get out of the property.
Your lawyer has the knowledge needed to look over adjustments, which include the taxes owning and the utility costs paid prior to closing.
Your Portland real estate lawyer will also attend the closing with you and help you with anything and everything that you need to sign.
Why you need a lawyer when selling
As a seller, your lawyer will be able to prepare the purchase agreement. He or she will also help you to negotiate the best terms possible.
Your real estate lawyer will work to prepare the deed as well as power of attorney if needed.
If any title issues come up your lawyer will be advise you on the best way to proceed. This is important because it’s something you would probably not know about on your own.
They will also be able to arrange for any transfer of security deposits that are needed as well as arranging any insurance certificates.
Just as they would attend the closing if you are a buyer, they will if you are a seller too. Your lawyer will review all the paperwork to make sure that everything is in order. They will then arrange for the transfer of security deposits along with any pertinent insurance certificates.
As you can see, there are some definite benefits to having a Portland real estate lawyer. They can ensure that the deal goes through with your best interests in mind from start to finish.