Buying A House? Why You Need A Real Estate Attorney
If you're like many people, buying a house is the most expensive purchase you will ever make. It's a serious undertaking and it should not be entered into lightly. While it's certainly a major investment, it's one that can definitely pay off for you if you choose wisely. That's why it's important for you to surround yourself with the right professionals before signing on the dotted line. A real estate agent is a must-have, but you might not realize that a real estate attorney can be beneficial to you as well. Use this information to learn more about why you should partner with a real estate attorney the next time you buy a house:
You Need A Clean Title
When you purchase a house, not only do you take ownership of the property itself but you also are then responsible for all that comes with it. What this means is that if there happens to be a lien on the title to the house you are then on the hook for it.
Understand that there are a number of reasons why there could be a lien on the property. For example, if a contractor happens to have done some work on the house and was not paid by the previous owner, they could have attached a lien to the property for the unpaid balance. If you are unaware of the lien and take possession of the title the contractor could then come after you for the money.
An attorney can help you avoid these types of sticky situations. They'll perform a thorough sweep of the title to make sure that you're able to move into the house free and clear.
You Need To Know Your Rights
When you're buying a house it's vital for you to be aware of your rights. For example, you might purchase a house and find out a day or two into it that there are some severe issues with the property. Although you may think you're stuck, there could be laws in your state which make it possible for you to back out of the deal. These are the sorts of things that an attorney will make sure you know about for your benefit.
Having a real estate attorney on your side when buying a house delivers peace of mind. Contact one of these professionals today so you can set up your initial consultation as soon as possible.