A real estate attorney is the first person you should call if you are buying or selling a property. You know that buying a home in Streamwood is an expensive affair and when it comes to help it’s your real estate attorney that will protect you while buying or selling property. You as a layman may not be aware of all the nitty-gritty’s and hence, there is the possibility of a small error that could go on to become a major problem later on. You can avoid landing in such a soup simply by hiring a good attorney right at the beginning.
Streamwood Real Estate Attorney for Buying a Property
The role of a property buyer’s Streamwood attorney is vast and vital. There are more legal formalities included in buying and also the buyer stands at a greater risk of fraud or being cheated. That is why every buyer must engage a real estate attorney.
An attorney will help you in a number of ways. First of all, your attorney will help you determine that the title is genuine and that there is not any type of liens, covenants, easements or other legal issues associated with the property. Next, your real estate attorney will help you prepare all the legal documents and register them duly.
The role of a real estate attorney is significant when dealing with your bank for financing the purchase. He will clarify the terms of your loan or mortgage with your bank so you have a clear picture.
Before closing the purchase transaction, you attorney will check for the utilities, taxes and owning costs paid. All the papers you sigh at the time of closing must be reviewed by your attorney for complete transparency. Your attorney will not leave your side until you have been thoroughly established as the owner of the property.
Streamwood Real Estate Attorney for Selling a Property
Even when you are selling a property, a real estate attorney is a strong asset. As the seller, it is your responsibility to prepare the sale and purchase agreement as well as the power of attorney and the deed to the house or the land. At the time of closing the transaction, your real estate attorney will supervise the signing of all the required papers and ensure the completion of the sale by ensuring the transfer of security deposits and insurance certificates.
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