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Why You Need a Real Estate Attorney When Buying a Home

September 20, 2018

If you have decided to finally enter the real estate market and purchase your first home you will want to have a real estate attorney by your side. There is so much that can go wrong with the purchase of a home, that you will want someone who can

answer your questions, handle contract negotiations, and explain what you should or should not agree to with the seller. Let us take a look at how a real estate attorney can help with your purchase of a home in Wisconsin.

 

Understanding Contracts

 

One of the most important reasons you need a real estate attorney by your side when buying a home is understanding the contract. An attorney knows the real estate laws governing Wisconsin and how to negotiate with the seller or the seller’s attorney. A real estate attorney will also be able to make sure that the terms of the contract are followed by both parties, but especially by the seller so you are not fleeced.

 

Transfer of Property

 

The transfer of property is another important reason why you should always purchase a home with the aid of a real estate attorney. The preparation of the contract and the negotiations are extremely complex and difficult when buying a home where multiple parties are involved in trusts, corporations, or partnerships. The attorney will be able to negotiate the terms of the deal while also making sure the contract’s terms do not violate the terms of the partnership or trust.

 

Dealing with Liens

 

Have you ever heard of a title search? This is a common task that attorneys perform for their clients who are interested in purchasing a property. A title search will help discover issues with the property that is for sale. For example, a title search will be

able to find any judgments or liens on the property, which can cause a big headache for the buyer. The title search can also determine if the seller actually has the legal right to sell the property. If liens are found, your attorney might be able to negotiate a reduction in price for having to wait to take ownership of the home.

 

Filing of the Deed

 

An important part of the process of buying a home involves filing of the deed. A real estate deed names the owner of the property and it must be filed in most jurisdictions with the county in which the home is located. Some jurisdictions might require the deed be filed with the local state government, too. A real estate attorney will be able to file the deed with the appropriate government entity and in a timely fashion so you can take ownership of the property. The deed must be filed in order for the transaction to be completed.

 

An Experienced Wisconsin Real Estate Attorney Can Help

 

If you are looking to purchase a home, it is important that you protect your rights as the buyer by consulting a real estate attorney. Contact the team of Moen Sheehan Meyer, Ltd. today to schedule a consultation.

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