Why Should You Hire a Lawyer When Purchasing a Home?
When it comes to purchasing a home, small mistakes and mishandled details can add up and lead to major headaches down the road. While it is possible to purchase a home without the aid of a real estate lawyer, having an advocate who is familiar with the legal system can save time and money while eliminating potential headaches. At Linley Welwood, our real estate law experts know that buying a home is the biggest investment most people will make in their life. That is why we have compiled some information to demonstrate why you should hire a lawyer when purchasing a home and ensure that you have the support you need.
Learn about some situations where you should hire a real estate lawyer.
3 Reasons to Hire a Real Estate Lawyer When Purchasing a Home
Some of the main benefits of hiring a real estate lawyer when buying a home include:
1. A Thorough Review of Important Details
A real estate lawyer ensures that the property being purchased is legitimate and that the sale is valid, taking some of the stress out of purchasing a new home. Making your agreement of purchase and sale conditional upon your lawyer’s review and satisfaction will help ensure that you have a thorough understanding of the terms of the agreement or any tax or title considerations before removing the conditions. Having the chance to receive legal advice on the terms of the agreement and to make any necessary changes based on this advice ensures that you have all the information you need before finalizing the purchase.
2. Litigation and Dispute Assistance
If a dispute between you and the seller occurs, having somebody who is trained to handle litigation and legal disputes from the outset can help tip the scales in your favour. If mishandled before you seek legal advice, you could find yourself in a weakened legal position or an unforeseen situation. A lawyer understands the rights a buyer has and will advocate for those rights in a dispute or negotiation. A real estate lawyer’s advice will ensure that your best interests are always protected.
3. Saving Money and Time
If there is an opportunity to save money during the purchase of your home, a real estate lawyer can help you find it. Real estate lawyers can ensure that no fees or payments are forgotten, that you take advantage of available cost-saving exemptions or rebates, and save you time by taking care of the detailed paperwork required to close the transaction smoothly.
To learn more about our real estate law services or to inquire about our other services, get in touch with the team at Linley Welwood. We can be reached through our online contact form and will be happy to answer any questions you may have regarding our services or your situation.