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Real Estate Transactions and Closings

Whether you’re looking to purchase a new home or find the right office space for your company, a skilled legal advocate can protect your finances and your future throughout the transaction process. This can include:

Contracts – This document is also called the “Offer to Purchase” and must accurately represent the intended real estate transaction. This includes the purchase price, a summary of the property, and other conditions related to the transaction.

Title Searches – During the title search, your lawyer will search for and retrieve documents related to the property’s history. Title searches help both parties understand issues related to the real property and any regulations attached to it.

Title Insurance – Title insurance can protect you from unforeseen problems with the property title, including issues undiscoverable during the search. This might be a forged deed, clerical errors, missing heirs, and other matters.

Closing Transactions – Closing a transaction can involve inspections, preparation of closing documents, and executing all formalities and paperwork to finalize the property transaction. With the help of a lawyer, this process can move smoothly.

FREQUENTLY ASKED QUESTIONS

What is a real estate transaction?

A real estate transaction is described as the legal process of transferring ownership of property from one party to another. Real estate transactions may involve commercial or residential property and may range in value depending on the worth of the property.

How can an attorney help with a real estate purchase or sale?

Purchasing or selling a home or commercial property is a complex transaction. It is also most likely one of the largest financial transactions you may deal with in your lifetime, making it all the more important to ensure that your interests are properly protected. A real estate attorney can help by guiding you through every step of the transaction, conducting a deed and title review, reviewing and explaining all documents before you sign and otherwise protecting your legal rights. This can facilitate a faster and more beneficial transaction while avoiding costly, unnecessary delays or expenses.

Why is a title review important in a real estate transaction?

A title is a document that shows evidence of right or ownership of real property. If you are purchasing a home or commercial property, it is important to make sure the title is reviewed. The proper transfer of ownership will depend on whether the title is clear and can help you avoid future problems if you wish to sell the property at a later date.

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