As cliché as it may sound, buying a house is one of the biggest investments of your life. If you are looking for a new property in Monroe, you may want to consider talking to an attorney. For anyone new to real estate, the closing and everything related to it can be overwhelming to understand. In this post, we are sharing more on why you need a real estate attorney in Monroe NC for your new investment.
Because it’s a must in North Carolina
In North Carolina, all real estate closings are handled by attorneys, selected by the buyers. Your attorney will be responsible for preparing all the documents, reviewing documents related to the property, and representing you in the closing. If the seller has hired an attorney for their own needs, you still need to get a real estate lawyer as the buyer.
Because huge money is involved
Buying a home is more than just the final price. There are other expenses related to the investment, such as surveys, home inspection, cost of the attorney for title search, insurance, property taxes (part of yearly dues), and fees for the new deed. When that kind of money is involved, there is no point of doing guesswork. Let an attorney guide on how you can handle the real estate closing better, without making expensive mistakes.
Because you don’t have the time
Even if you keep the closing requirements aside, real estate transactions can be overwhelming. As the buyer, you are expected to be in touch with lenders, sellers, agents, and other parties involved. This can take considerable time, and like other investors, when you don’t have the time, allow a real estate attorney to handle every aspect. They can also explain all relevant details related to your new purchase, from drafting of contract to final closing.
Because there are important legal documents to be signed
Typically, you will be signing many legal documents when you buy a home. Apart from the deed of trust, there is a closing disclosure too. The lender will give you loan documents, which must be reviewed and checked before being signed. The documents can be extremely lengthy, and if you don’t deal in real estate too often, this could take time.
Lastly, your real estate attorney in NC will certify that your title is good, which obviously is the most important factor for investing in a property.