If you are buying your first home, or investing in your investment property, you may be wondering if you need a real estate lawyer. A realtor will be able to handle many tasks of a real estate transaction on their own; however, they are not qualified to answer any questions or advise you on legal issues that arise. You can also hire qualified estate planning attorney in Maryland via https://terispradlin.com/estate-planning/
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If you feel uncomfortable at any point in the process, or if you feel as if the person at the other end of the contract is avoiding your questions, it's a good time to get a real estate attorney involved.
An attorney will be able to perform a number of different functions, all of which will give you the confidence you need to either halt the estate transaction or proceed forward.
Either way, with an attorney's advice, you can proceed knowing that you are fully informed and your entire bases are covered. If you are a buyer an attorney can help you understand the purchase contract, including how title works.
They can also check to make sure there are no easements, liens or covenant registered against the property. They can prepare all legal documents, clarifying the term mortgages and working with banks where needed, an attorney can arrange title insurance and closing them can attend while closely reviewing the papers before you sign them.
As a seller, your lawyer can review the binder and review the purchase or sale agreement, they can deal with any title issues as they arise and act fast to correct them, they can attend the closing and review any papers before you sign them, and they can arrange for transfer of security deposits among other functions.