Why Do I Need a Real Estate Attorney?
It isn't mandatory that you hire a real estate attorney when purchasing or selling a home. However, for many people, it's a good and prudent idea. The paperwork involved in a real estate transaction is momentous, and the typical person doesn't understand exactly what he or she is signing. You can sign a bad contract and not find out until it's too late. Having a real estate attorney to look over the contracts and paperwork and ensure it is all in your best interests is simply a practical idea when you are making an investment you may have for the rest of your life.
Experts recommend that if there is even one paragraph in your contract that you don't understand, contact a real estate attorney for assistance. Think of it as insurance on your investment and time. Some of the things a real estate attorney will do for you include:
- Oversees the legal work involved in buying or selling to ensure your rights are protected
- Checks the sales contract or legal document to ensure the client is protected
- Checks the title and chain of ownership of property for any liabilities or issues
- Verifies and files all mortgage loan paperwork
- Prepares necessary documents to transfer ownership of the property
Your Boston real estate lawyer, unlike a real estate agent, inspector or title insurance representative, is loyal only to you. He or she has only your best interests in mind. You should make any offer contingent on an attorney review.
The best way to find a real estate attorney in Boston is through referrals. Your real estate agent, friends, families or neighbors may have recommendations. Your family lawyer also may provide you with names. If you still can't find one, call your local Bar Association and ask for suggestions.