If you’ve ever attended a real estate closing, you know the amount of paperwork can be overwhelming. If you haven’t yet had the privilege of buying property, you can expect to get writer’s cramp as you sign your name again and again, sometimes to indicate a promise (such as to make your mortgage payments) and other times to acknowledge that you read a certain document making you aware of your rights and responsibilities as a new owner.
Before you grumble about the unnecessary paperwork, realize that trees have given their lives in order to protect your future.
Conducting Title Searches
Your attorney will perform something called a title search on your behalf. Let’s face it, when you’re looking at that new house, you’re envisioning happy family gatherings in a pool, quiet evenings watching the sun set over the back yard, and snug Sunday afternoons as your favorite football team wins game after game.
Your lawyer, meanwhile, is looking through the real estate records to ensure that these dreams can come true.
For example, if the gas company has a legal right of way across your backyard, then you may not be able to put in that pool you want to fill with children, cousins, and friends.
Knowing these things in advance helps you avoid nightmares when all you want is to make your dreams come true.
Clearing Up Complications
Your attorney is there to help you make decisions. You may chose to walk away from a potential sale or go ahead with the lawyer’s help to clear up a situation.
In addition to title searches, your law firm can coordinate the many, details that accompany a real estate sale. If the previous homeowners have left oil in the tank or paid the taxes through to next year, you’ll need to reimburse them for these unused expenses when you accept the keys.
Your head will be spinning as you face the daunting task of moving and an attorney who has your back can get ahead of the details for you, explain the process, and let you concentrate on the fun of buying a new home.
Furey, Donovan, Tracy & Daly, P.C. works in both residential and commercial real estate. We are there to make your home and business dreams come true.