Role of Buyers Attorney in Real Estate Closing
Whether you are looking to buy a home or a business location, you will need the services of a buyers closing attorney. A buyers closing attorney can make sure their client is protected legally and financially. What does a buyers closing attorney do?
A buyers closing attorney helps coordinate the purchase of the property by making sure all laws are followed, his client is getting the property as promised, and by managing the finances. A buyers closing attorney performs the following functions:
- Review the agreement between the buyer and their real estate agent (if hired soon enough);
- Reviews preliminary title report for mortgages, liens, restriction, taxes and ownership;
- Review and negotiate contract of sale with sellers closing attorney;
- Review mortgage commitment issued by the mortgage company;
- Prepare or review the title search;
- Prepare buyers closing documents such as power of attorney;
- Review sellers closing documents;
- Review loan documents;
- Attend closing with, or on behalf of, the client;
- Handle all funds through escrow;
- Provide an accounting of funds to the client; and
- Record all documents at Town Hall.
A sellers closing attorney can relieve the stress of buying a house or business property by making sure the client is protected. Buying a home or business location? Make sure the seller is 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.
Whether you are selling or purchasing a home or business location, you will need a real estate attorney to handle your closing. You may ask yourself: How do I pick a real estate attorney?
There are plenty of real estate attorney’s out there, but how do you pick just one? You should consider two things, cost and trust.
The first factor to consider is cost. You should pick a real estate attorney that you can afford. If a real estate attorney is charging above average fees, ask them why they think their representation is worth the extra money. Similarly, if a real estate attorney is charging below average fees, ask them why. In either situation, the answers might surprise you, and either way, it’ll tell you a little more about the attorney and how they handle difficult questions.
The second factor to consider is the level of trust you have in the real estate attorney. After all, this person is going to be handling hundreds of thousands of dollars on your behalf. They will be organizing and coordinating all of the paperwork regarding the sale or purchase of the real estate. They will be drafting the sales and purchase contract in an effort to protect your interests in the sale or purchase. Finally, they will be your primary point of contact for resolving any issues that arise of the sale of purchase. In essence, your real estate attorney will be the glue holding the entire deal together. You need to be able to trust them to be thorough, diligent, with good attention to detail, and most of all, honest.
You need to make sure that your attorney is right for you. That is why The Law Office of Eugene Glouzgal offers free consultations with no obligation to all our clients. Contact us today for a FREE CONSULTATION WITH NO OBLIGATION by email at Glouzgal@CTAttorney.us or by phone at 203-794-6691.