Top Four Reasons You Need a Real Estate Attorney When Buying Your New Home

 Posted on April 25,2019 in DuPage County Real Estate Attorney

For many people, home ownership is a big part of living the proverbial “American Dream.” That being said, your home is probably the most valuable purchase you will ever make in your life. If you are buying a house for the first time, you might not realize all of the steps that are involved and how complex each of them can be. Throughout the process, there will be many variables to take into account and problems to avoid.

In many cases, homebuyers work with a real estate broker or an agent to help them find the right home and to streamline the process. Your agent, however, is only a part of the bigger picture. A qualified real estate lawyer can provide the legal protection you need along the by:

• Acting as an advocate. Your real estate agent might be friendly, helpful, and charismatic, but the main goal of an agent to facilitate the sale of the home. This means he or she will often be an intermediary between the buyer and the seller. A lawyer, by comparison, is dedicated to protecting your interests, regardless of whether a sale takes place;
• Offering legal advice. No matter how knowledgeable your agent might be, he or she is not allowed to give you case-specific legal advice. Doing so could cost the agent his or her real estate license. An attorney is fully qualified to review state laws, local ordinances, and other rules that might affect your transaction and to provide you with reliable guidance at every stage of the process;
• Translating legalese in contracts. Legal documents are almost written using confusing language and terms that are unfamiliar to the average homebuyer. Without a lawyer, you might struggle to understand the terms, conditions, rights, and responsibilities of not only your purchase contract but also of your mortgage agreement and any other applicable legal paperwork; and
• Researching the property. Real estate transactions are usually public record, but tracking down the history of a particular property can be difficult and time-consuming. A real estate lawyer has the tools and resources to research the chain of title for the home, any previous sales, and any problems that may have come up in the past. Your attorney’s work could help you negotiate a better deal on the property or show you that you might need to reconsider altogether.

Making a mistake when buying a home could lead to serious problems down the road, possibly costing thousands of dollars and many hours of aggravation. Working closely with an experienced real estate lawyer could help you save money, time, and stress.

Call a DuPage County Real Estate Lawyer

If you are thinking about buying a home in the near future, contact an experienced Wheaton residential real estate attorney. Our team will sit down with you to discuss your circumstances and help you find and buy the right home for your family. Call 630-665-2500 for an appointment today.

Sources:

http://legal-dictionary.thefreedictionary.com/Chain+of+Title

https://homeguides.sfgate.com/real-estate-lawyer-do-6871.html