What a Buyer's Attorney does
Nearly everyone, at some time in life, faces the need to buy or sell real estate. Because the purchase of a house is probably the largest single investment a typical person will ever undertake, any buyer or a seller should carefully consider the practical and legal complications of such a transaction before proceeding.
Lawyers are necessary when representing a buyer because they protect your rights. Below is an example of just some of the vital functions a lawyer performs during the real estate transaction:
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Review of the contracts with you, plus prepares a Rider to the contract. |
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Communicates with the sellers attorney, brokers, mortgage and financial institutions |
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Orders title insurance, for which you will be responsible to pay for. |
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Orders survey, for which you will be responsible to pay for. |
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Orders termite inspection and water test, if necessary, all of which you will be responsible to pay for. |
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Reviews the title report and survey |
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Sets up the closing with the bank and seller's attorney |
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Reviews purchase terms for purpose of closing |
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Represents you at the closing, explaining all documents to you |
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Prepares the final closing statement, together with copies of all important papers from the closing |
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