Property can be a sound investment—as long as you perform your due diligence before buying or selling. If you are planning on conducting a real estate transaction in the near future, you should turn to a seasoned attorney for quality legal counsel during every stage of the proceedings.

How Your Attorney Will Help When Buying Property

Review the Purchase Contract

For most people, buying a home is the largest purchase they will ever make. When so much is at stake, it is essential to review every single clause in the contract before signing on the dotted line. A real estate attorney can go over this contract with you to explain any legalese you do not understand and point out any red flags.

Ensure There Are No Title Issues

Your attorney will make sure there are no issues with the property’s title. If a problem does arise, they will ensure the seller resolves it before the sale is final.

Explain the Terms of the Mortgage

Every mortgage is different, and, even if you have purchased homes in the past, your new mortgage will likely contain terms that prior arrangements did not. Your lawyer will ensure you are comfortable with the terms and talk to the lender on your behalf if you need to modify anything.

How Your Attorney Will Help When Selling Property

Prepare the Deed

A lawyer can prepare all of the documentation regarding the sale for you, including the purchase and sale agreement, the deed, and any necessary powers of attorney.

Resolve Any Title Issues

If any title issues arise that threaten the sale, your lawyer will aim to resolve them as quickly as possible, so the transaction can proceed.

Ensure Compliance

Every state has its own laws regarding real estate transactions, and, if you fail to comply with them, it could jeopardize the entire sale. An attorney will ensure you follow all local proceedings, so you do not end up in serious legal or financial trouble down the road.

If you want to hire a real estate attorney to facilitate your next transaction in Connecticut, turn to Stuart R. Norman Jr. in Griswold. To learn more about his experience in real estate law, visit his website, and call his New London County office at (860) 376-0069 to schedule an initial consultation today.