Why You Need a Real Estate Lawyer in Warrenton
Everyone dreams of one day buying a home. Most expect the process to go much like on T.V., with the buyers picking their favorite house from many choices and after a couple of signatures, they can enjoy their new home. If only life were so simple. Real Estate Lawyer Warrenton agents can sometimes be unscrupulous and can cost a seller or buyer more money. Using an attorney will ensure the contract you sign is in your best interests.
The most critical item in a real estate transaction is the purchase agreement and it is usually written in legal terms that most people are not familiar with. Only a real estate lawyer can assist with deciphering the jargon that real estate agents use to increase their bottom line. For instance, it is not uncommon for a buyer to sign an agreement that ensures that a commission will be paid whether not the property is even sold.
Some issues that might arise in a real estate transaction are when a closing never takes place and the down payment is in question or if the property has hazardous waste. Also, when a buyer has a property inspected, a problem may be found with asbestos or lead based paint. Additionally, mortgage contracts vary with different interest rates. An attorney can help choose a contract that is in your best interest, not the bank’s.
Short sales are something that many people don’t understand. It is when the bank agrees to take a payoff less than the amount owed on a loan for a property. This is up to the bank to decide and they do not have to agree to do a short sale. Many attorneys recommend using realtor who is experienced in short sales and this process can take a long time.
If you live in Virginia and are looking for a Real Estate Lawyer Warrenton, there are many attorneys available with years of experience. They should be able to handle all categories of real estate law including real estate sales and purchases and contract, lease and deed preparation. They can also help in cases of personal injury, domestic relations, criminal defense, estate planning, and business.