Role of the Seller’s Attorney in a Real Estate Closing
If you are looking to sell your home, you may or may not want to hire a real estate agent, but you will definitely want to hire a real estate attorney. While the marketing of your home to potential buyers is something you might be able to handle yourself, the services of a sellers closing attorney are essential to a legally compliant real estate sale. However, many sellers ask themselves: What does a sellers closing attorney do?
A sellers closing attorney offers an array of services to their clients that legally legitimize the sale and make it binding, while at the same time protecting the liability and financial interests of their client. A sellers closing attorney provides the following services:
- Reviews listing agreement with real estate agent/broker (if hired early enough);
- Drafts contract of sale;
- Negotiates contract terms with buyers closing attorney;
- Prepares closing documents such as disclosures and power of attorney;
- Obtains payoff statements from current mortgage companies;
- Attends the closing with, or on behalf of, the client;
- Handles cash flow in escrow, receiving purchase funds and paying off existing mortgages; and
- Secure and record releases for mortgages paid at closing.
A sellers closing attorney can save a seller of real estate property a lot of stress and worry. Selling a home or business location? Make sure you are legally compliant and your liabilities are limited by contact The Law Office of Eugene Glouzgall, LLC to handle your real estate closing matters. We charge flat rate fees on closings, and we offer FREE consultations, so you can make sure we are the right attorney for you.