![]() | |
![]() | |
![]() |
Real Estate Information |
|
![]() |
Working With Your Real Estate Attorney
Purchasing or selling a home will probably be one of your largest and most important financial transactions. Before signing a contract to purchase or sell a home, both buyer and seller should consult an attorney to assure that the real estate transaction will be handled legally and professionally. Although an attorney is not a required part of the process, particularly in many states where escrow companies will attend to all closing transaction details, an attorney can protect your interests and help you resolve any potential legal problems before entering a legally binding contract. Sometimes buyers feel the need to sign a contract quickly and don't have time to initially consult an attorney. In these cases, buyers can include language in the contract that will allow their attorney time to give final approval on the agreement - usually within three to five business days. This allows both buyers and sellers to expedite the contract process without fear of inadequate legal representation. Sellers and buyers alike should familiarize themselves with the real estate transaction process before selecting an attorney. Learning the formal steps in the transaction will help buyers and sellers choose the right attorney and proceed with confidence. Throughout the process, attorneys should attend to a variety of responsibilities, including consultation prior to the signing of the contract, preparing or approving the contract, examining documents and supervising the closing of the transaction. The attorney should be responsible for preparing or evaluating documents which may be necessary for completing transfer of the property. There are usually several documents to prepare in any real estate transaction, and the attorney can evaluate and explain each document to the buyer or seller whom he or she represents. The deed, the bill of sale, mortgage, promissory note, title commitment and the closing statement are only a few of the important documents that an attorney should review with the seller or buyer prior to the closing. One of the attorney's most important responsibilities in the real estate transaction is to determine the condition of the seller's title to the property. Through this process, the attorney will discover if the seller is the legal owner of the property and if there is an unpaid mortgage or lien which must be settled before the title to the property can be properly transferred. The attorney will also discover any restrictions or easements which are on the property and the status of any unpaid property taxes or assessments. The buyer, the seller and their attorneys usually appear together at a final meeting to review all closing documents. As this meeting, usually referred to as the "closing," the attorneys help explain, sign and exchange the documents and approve or clear up any remaining financial matters relating to the transaction. After the transaction is closed, an attorney will attend to any final details such as properly recording the deed, mortgage or other necessary documents and issuing title insurance policies. Many attorneys are specialized, and it is important that you choose one who knows real estate terminology and real estate transaction processes. Before hiring someone, you should discuss all the details of the transaction with your possible candidate, including all legal costs you will incur. The attorney's duty in any real estate transaction is to provide legal expertise. Through sound advice and thorough execution of all legal responsibilities, a good attorney will help you complete your transaction swiftly and with confidence. About The Author W. Troy Swezey is the author of "WORKING WITH YOUR REAL ESTATE ATTORNEY." As a Realtor at Century 21 Paul & Associates, he has helped many individuals with their real estate needs. Visit his web site to download his free e-book, "REAL ESTATE SECRETS EXPOSED." http://www.TroyIsMyRealtor.com or mail to: TroyC21@usa.net
MORE RESOURCES: The Bay Area’s real estate market is flashing a key warning signal San Francisco Chronicle David Werner Flips 300 East 42nd Street to CSC Real Estate Commercial Observer Windermere ‘confused’ about Compass’ claims of collusion Real Estate News by RealEstateNews.com Famed Darth Vader house, which resembles the ‘Star Wars’ villain’s helmet, has sold for $3.4M New York Post East Bank scrapyard buyer recruits dozens of investors The Business Journals European real estate investment rises in the first quarter but macro uncertainty clouds outlook CNBC Real Estate Brokerages Fight Over How Houses for Sale Should Be Listed The New York Times Billionaire Ken Griffin Has Amassed a Massive Real Estate Portfolio—Is It for Profit or Pleasure? Realtor.com 15 Real Estate Executives Named Among Boston Magazine’s Most Influential Bostonians of 2025 Boston Real Estate Times StepStone Real Estate closes record $3.77bn secondaries fund Alternatives Watch As the Language of Sustainability in Real Estate Changes, Business Imperatives Remain the Same Urban Land Magazine Lexington mayor’s race: Real estate agent to start raising money for 2026 race Lexington Herald Leader Tariffs impacting Lehigh Valley commercial real estate rent Lehigh Valley Business Massport’s Luciana Burdi to Headline the 2025 Boston Real Estate Project Delivery Conference on May 22 Boston Real Estate Times MassHousing Closes $37.3 Million Financing Deal for 105 New Affordable Homes on Chicopee River Boston Real Estate Times Davis Secures 56,000-SF Lease Agreement with Cambridge Health Alliance at One Cabot Road in Medford, MA, and Completes Build-Out of New Medical Office Space Boston Real Estate Times North Carolina private equity real estate firm buys Jackson Township shopping plaza Canton Repository @properties Christie’s International Real Estate Celebrates 25 Years of Success, Relationships – and Love GlobeNewswire San Francisco real estate reset starts and ends with the owner-user The San Francisco Standard Real estate: A cornerstone of region’s small business footprint Elizabethton Star Real Estate Transfers: April 28, 2025 The Owensboro Times Maugel DeStefano Architects Nears Completion of Final Design Phase for One of New England’s Largest Industrial Parks Boston Real Estate Times People on the Move: A new CFO at MoxiWorks Real Estate News by RealEstateNews.com Rocket's new broker champion Real Estate News by RealEstateNews.com Economic uncertainty following tariffs could change Sarasota, Manatee real estate market Sarasota Herald-Tribune Deloitte: Non-core sectors, tokenization reshape real estate investment landscape Alternatives Watch East Cobb residential real estate sales, April 14-18, 2025 East Cobb News Report: Las Vegas Valley industrial real estate vacancies hit 11-year high Las Vegas Review-Journal Registry Issues Q1 Real Estate Data Franklin Observer Bethesda real estate firm buys Rockville office buildings for $47M Bethesda Magazine Eldridge Real Estate Credit Provides Financing for Two Hillwood Developments Across the UK Business Wire Housing affordability report card: Only one state gets an A LiveNOW from FOX Compass sues NWMLS over ‘anticompetitive’ rules Real Estate News by RealEstateNews.com Alexandria Real Estate Equities: Q1 Earnings Snapshot The Washington Post Real Estate Is the Key to Trump’s Worldview The Nation IS Luxury ranked No. 1 luxury Vegas broker Las Vegas Review-Journal THE NEIL COMPANY REAL ESTATE nrtoday.com Tour news: Sunny Day Real Estate / Cloud Nothings, Eyedress / N8NOFACE, Bill Burr, Samia, Goose, more BrooklynVegan Etro makes Southeast Asia real estate debut with new Phuket residences FashionNetwork USA New BRABUS Island Luxury Real Estate Unveiled In Abu Dhabi duPont REGISTRY News The week's top commercial real estate transactions in Charlotte, Collier, Hillsborough, Lee, Manatee, Pasco, Pinellas, Polk, Sarasota Business Observer Housing Market Predictions for the Next 4 Years: 2025 to 2029 Norada Real Estate Investments Jensen moves to Wichita to cover real estate Talking Biz News Coachella, SXSW, and Other Festivals Are Driving Real Estate Booms Across the Country: Study Robb Report REMAX First Integrity Real Estate ribbon cutting and open house is May 1 The Courier Times Vendor & Real Estate Partners Dollar Tree Flexible thinking: How AV affects real estate Inavate Magazine Houston-area real estate agent murdered in Downtown Dallas, suspect turns himself in FOX 4 News Dallas-Fort Worth VIDEO | REAL ESTATE | High-energy atmosphere at The Kettle Recreation Center in Slinger, WI Washington County Insider StepStone raises $4.5bn for real estate secondaries strategy IPE Real Assets ‘Career criminal’ arrested in decades-old murder of a Fla. real estate broker based on overlooked fingerpirnt evidence New York Post BayCare picks up Valrico property for freestanding ER The Business Journals Political guru David Axelrod selling 52-acre country estate in southwest Michigan Crain's Chicago Business Wilton Real Estate Report: Apr. 18-24, 2025 — Five Homes from $1.28-$1.675 Million Change Owners Good Morning Wilton 300 apartments proposed near Chewy headquarters The Business Journals The Real State of the Union: Working People Are Under Attack, and Corporate Greed Is Winning Big Easy Magazine StepStone raises largest-ever real estate secondaries fund with $4.5bn haul Private Equity Real Estate | PERE Centurion CEO bets on Canada's resilience in real estate Benefits and Pensions Monitor Uncertain times weigh heavily in real estate decisions Calgary Herald Existing-Home Sales Receded 5.9% in March National Association of REALTORS® A new Naples residential real estate deal: $225M. Yes, that's right Naples Daily News StepStone raises $3.77B for fifth real estate secondaries fund in final closing (STEP:NASDAQ) Seeking Alpha OECD Urged to Keep Real Estate Data Reporting Project Simple news.bloombergtax.com Tokenization of real estate: the digital revolution of real estate according to Deloitte The Cryptonomist |
![]() |
![]() |
![]() |
RELATED ARTICLES
Selling A Home - What Attachments Stay or Go? The home selling and buying process can be confusing. This is especially true when it is a FSBO (for sale by owner) operation. Buying Real Estate Thats Not For Sale Buying real estate can start with a look in the newspaper, a visit to a broker, or a search online. These are all good ways to find your next investment property. Do I Need A Real Estate Survey? Getting a survey before you close on any real estate is very important.Some people actually buy real estate without having a survey done. Virtual Agent? Online Real Estate When preparing to sell a house, you should always consider the options of selling a home privately or listing with a real estate agent. Of course, the most cost effective option would be to sell your home privately, but what about the number of Home Buyers in the market who are not willing to consider a private sale listing?I am a firm believer that people should be able to sell a home privately but, like a lot of people, was not the kind of person who would be comfortable buying from a Private Home Seller. Home Selling: How To Set The Right Asking Price Many homes remain unsold for a long time because they're over-priced. Pricing your home right is essential if you want to sell your home in quick time. To Buy or Not to Buy Purchasing a home is a major emotional and financial decision. Often times, people want to buy a home; however, emotionally cannot afford to commit to the home-buying process. 10 Home Purchase Abroad Tips For Success Are you seeking your little corner of sun drenched heaven on earth? If you are you're certainly not alone!Many Northern Europeans, Americans and Canadians are looking overseas for investment real estate or for a holiday bolt hole and if you're considering buying a second home in the sun, a home from home abroad or an investment property overseas and you're in a hurry to get started, these top 10 home purchase abroad tips for success should set you off in the right direction.1) Legal AdviceLegal systems differ from country to country so never assume that you understand how exactly the entire house purchase process is going to work, and never expect things to necessarily go exactly your way! To be assured of the fact that your personal interests are being looked after and that you, your money and your property are 100% secure, legal and legitimate it's essential to seek independent legal representation in the country you're considering buying property in. Getting Started in Real Estate Foreclosure Investing Decide to Invest in Real Estate Foreclosure InvestingWith the increase in Real Estate property appreciation rates across America, a prospective foreclosure buyer may want to fix up a property to improve its value to live in, to rent out or to resell. The strategy a buyer pursues will determine which foreclosure property to buy and the location. Why Commercial Real Estate is the Hottest Retirement Asset For small business owners, commercial real estate investment is the hottest new retirement asset. If your mind has already jumped to "REITs" - or shares in Real Estate Investment Trusts - think again. What Can I Realistically Earn In A Lease Purchase Business? If you're looking at Lease Purchasing as a business, you'll obviously want to earn much more than the $20,000 per year in our "How To Give Yourself A $20,000/Year Raise Without Asking Your Boss" article. Let's review the numbers from that article: For every 100 calls Sue makes on For Sale By Owner property, she either speaks with or leaves messages for about 60%. Real Estate Investment 2005 - The Hottest Countries for Investment in 2005 Whether you are a real estate investor looking for a steady and 'safe' investment in a proven market or a real estate speculator willing to gamble on the unknown and undiscovered in the hopes of gaining a significant ROI (return on investment), this article covers the real estate investment hotspots for 2005.A recent UK government report discovered that there was a 250% increase between 2000 and 2004 in the number of Britons buying property abroad solely for investment purposes, and this trend does not seem to be limited to the UK nor does it seem to be slowing down!The global stock markets seem to be in decline, there is a worldwide pension crisis looming and we have uncertainty in the Middle East, in the UK the housing market is unaffordable, possibly over inflated and unlikely to bring significant returns for investors late in on the game and so more and more of us are looking further a field for our investment opportunities. Regarding Real Estate On Leased Land 1.Why are there so many properties on leased land?There are several situations here. How Can I Stop Foreclosure on My House? We understand the being in foreclosure is a scary thing. You are probably wondering how can I stop foreclosure on my house. Practical Advice for Finding Irish Castles for Sale Have you ever wondered what it would be like to live in a castle?Have you ever dreamed of dancing in a grand ballroom that at one time was filled with princes and other nobility?If you find yourself dreaming of this lifestyle, you're not alone. Celtic castles, and all things medieval for that matter, have gotten very popular in recent years. Where To Start In Looking For A Central Illinois Realtor Central Illinois is an excellent location for families andbusinesses. Property values and local economies are growingconstantly and the wide range of available properties isimpressive. Are You Trying to Hit a Home Run With Your Prospects Without Asking Them on a Date? Real Estate email marketingDo you remember the old School girl/boy game of "Around the World", or "Around the Bases"? If you got a kiss you got to First Base. A french Kiss was Second Base. How to Own a Dream Home in Spain Every year hundreds of thousands of foreign visitors travel to Spain to delight in the fantastic weather, stunning natural landscapes, excellent entertainment options and superb Mediterranean beaches. Many of these people dream of one day owning their own property in Spain, in fact Spain is now one of the most desirable second home and retirement destinations in the world. 7 Different Ways Anyone Can Become a Real Estate Investor Being a real estate investor is not really that hard, Sometimes you do not need any money down. Other times you do not need any of your own money down. How to increase the Saleable Value of your Home When selling your home, you'll want to fetch the best price possible for your home yet it so happens in many cases, that buyers give offers that just don't meet your expectations. Of course, you will have to negotiate but you still may not end up getting how much you want. Investing In Commercial Property Investing in commercial property is well beyond the financial means of most people. Few can afford the large sums of money involved in buying commercial real estate. ![]() |
home | site map |
© 2006 TIGER MEDIA |