Buying your first home is a thrilling (and stressful) experience. Just the same, you don't want to let the excitement and anxiety you're feeling make you forget one of the most important steps you should take now: Hiring an attorney.
What can a real estate attorney do for you that you might not be able to do for yourself? They can:
Help you review your contract for missing information or problems with adherence to the law
Perform an exhaustive title search to make certain that your desired property is free of liens, encumbrances and other potential complications that could affect its value or your enjoyment
Negotiate the end to any liens or encumbrances that are discovered
Ensure that the deed to the property, once purchased, is properly transferred and all the paperwork is correctly filed
Ensure that you don't get caught up in a bad tax situation caused by the sale of property owned by an inexperienced owner, trust or corporation
Help facilitate owner-assisted financing or point you in the right direction to secure the home loan that you need
Help you identify and overcome any zoning irregularities that may cause problems in your future
While the majority of house purchases go off without a hitch, there are often irregularities in titles and problems with hidden liens. Finding out that there's an issue with a property that you're already emotionally invested in can be devastating.
With a real estate attorney's assistance, the majority of complications you're likely to experience can become nothing more than a bump in the road on the way to your dream house.