How Can An Attorney Assist In A Real Estate Transaction?
Download Our Free Real Estate Guide- Whether you are a buyer or a seller, your attorney will assist you from the time you enter the contract all the way through the closing and beyond. Once your attorney receives the contract, he will reach out to you to discuss the contract and its terms, assess your personal situation – whether you will be selling, buying, or renting a home, and whether you’re coming from out of state or moving out of state – to understand how to assist you.
- Following that conversation, the attorney can prepare the attorney approval letter under the terms of the contract. Then, depending upon whether they’re helping you buy or sell, they’ll pursue the next steps.
- If you’re the seller, they will ask you to gather and provide certain documents. If you are the purchaser, the next step is the title examination and communication with you about the terms of your mortgage.
- Your attorney should educate you on the contract, the flow of the contract, any significant or unusual terms, and your obligations under the terms of the agreement.
