Unfortunately, real estate transactions can’t be done with a handshake anymore. You can get swindled with forged documents and mistakes on legal documents if you don’t consult with an attorney whose experience in Real Estate Law in Huntsville AL. When purchasing a home, having an experienced attorney review your documents makes sense. The seller’s are not worried about what you’re buying or protecting you, they are only worried about selling their real estate and getting their money.
A regular attorney who doesn’t deal with real estate will not know what to look for when checking over your title report or your deed. For example if you buy a home that is situated on a large piece of property, you may not be able to sub-divide that property if that was your intentions. If you’re purchasing a home and would like to put an addition on the home or install a pool, the title search might show that you cannot do either. This is why it’s important to have an attorney who is experienced in Real Estate Law in Huntsville AL reviewing your title. The boundaries that the sellers may have shown you, may not be accurate and part of your home or outbuildings could be on someone else’s property.
You need to make sure some of the following things are reviewed thoroughly:
* Home inspection contingency.
* How much money you need to put down initially.
* What does the Seller have to disclose.
* If you need title insurance.
* If the terms of the sales agreement are negotiable.
* If you can walk away from the deal if the home doesn’t pass inspection.
* And many others.
Purchasing a home is a big decision and making sure that you are legally covered is more important than purchasing the perfect home itself. If the house has termites or is unsafe in anyway after an inspection, it needs to be clear who will pay for the repairs. It also needs to be clear on the documents if you can cancel the agreement. Hiring attorneys such as Long Flanagan and McDonald LLC will eliminate any chances of you ending up on the bad side of a real estate deal. Their experience in real estate law will be an asset to purchasing your real estate safety.