While it's expensive to buy a home, it's important not to cut costs when it comes to hiring an attorney. In some areas, it's mandatory to have a real estate attorney so that the process will go more smoothly. You are free to choose any attorney that you want to, but it's best to work with a lawyer who is familiar with real estate law, such as those at Zane Law. All attorneys are able to practice real estate law, but not everyone is up to the complicated challenge. If you are buying a home that is part of an estate, or you were selling a home under duress, having a lawyer negotiate the terms for you is going to make the process less stressful.
Getting a Home Inspection
If you are in the process of buying a home and you realize there are significant problems once the inspection is done, you may need to get out of the deal. If you would rather buy the home regardless, a lawyer can help you negotiate a new price to help cover some of the repairs that are necessary. A lawyer will know what the homeowner is responsible for paying for and what they can get away with when it comes to selling the home.
When You're Trying to Avoid Foreclosure
When you had difficulty paying your mortgage, you may have to sell your home to avoid foreclosure. If this is the case, you'll need an attorney to help you navigate the process. The paperwork required to sell your home when the mortgage is not up-to-date can cause the sale of your home to be delayed. When you can't pay your mortgage, and you're trying to sell your home fast, a lawyer is going to help work out the details.
If You're Buying a Home Under Short Sale
A short sale is when a seller is trying to sell a property that they can no longer afford. Usually this homeowner is upside down on their mortgage, and that means the lender has to sign off on the sale price. When you are buying a home that's under a short sale, you may be able to get a great deal. The problem is, you may have to wait longer than normal for the deal to go through. An attorney will take you through the steps of a short sale and advocate for your needs along the way.
Whether you were buying or selling a home, it's important to have an attorney on your side.
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