Why Buyers AND Sellers Should Hire An Attorney by #AltLawPA

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Did you know that real estate attorneys can negotiate on your behalf and also make sure that the contract adheres to all state laws? Furthermore, they can address any specific issues that might affect the future use of the property. They can review any purchase and sale contract to make sure you are being protected and the transaction is being handled properly. #AltLawPA can help all buyers and sellers ensure they are protected during their real estate transactions. 

Another vital service that #AltLawPA performs is called a title search. Its purpose is to ensure that the property is free of any encumbrances, such as liens or judgments. The title search is essential because it reveals whether the seller has the legal right to sell the property. Although anyone can do a title search, an attorney will be able to do it faster and better. If they don't do it themselves, they'll often have working relationships with title companies specializing in this service and will review any title searches on your behalf.

If the search uncovers something problematic, your attorney can advise you on how to proceed. Suppose a title search reveals that the sellers must pay a tax lien or outstanding judgment before selling their propery. #AltLawPA might negotiate a price reduction on the property to compensate you for the delay. We may also provide the seller with suggestions or sources for financing so that they can satisfy claims. Furthermore, attorneys can secure proof that judgments or liens have been resolved. That is important if you ever seek to obtain a mortgage or loan against the property.

There are several other documents, such as the mortgage/note, deed, and community association governing documents that are a part of any residential or commercial closing process that #AltLawPA can review for you to make sure they are correct and ensure the closing process goes as smoothly as possible.

Lastly, #AltLawPA can attend the actual closing with you to make sure you are signing the correct documents and all necessary steps are taken to ensure the closing of your sale or purchase.

Currently buying or selling a property? Considering entering the real estate market to take advantage of the current favorable market conditions? Please contact us at mja@altermanlawfirm.com so we can help.