Buying a home is both a happy and stressful time. The purchase of a home is a thrilling experience as it’s the largest purchase many will ever make in their lifetime. On the other hand, it’s a lot of money being laid out up front, and the deal isn’t done until it is truly done. When buying a home that’s had a few owners in the past, a buyer runs the risk of not having a clear title for many reasons. Worst is when a title issue comes up just as closing is about to be done. It’s why having a Real Estate Lawyer in Mooresville, NC on retainer helps avoids problems such as this.
Homes that have been through a few owners may not have a clear chain of possession due to inheritance issues that were never cleared up, improper recording of the deed with the county clerk’s office or a lien for non-payment. All of these issues can drag out the purchase of the home and waste money and time for all who are involved. When a Real Estate Lawyer in Mooresville, NC researches the title, these issues can be found long before the closing date arrives. This offers a window of opportunity to fix the problems in order to move forward with the purchase.
Title problems are not the only issue to be concerned with. The contract for purchasing the home needs to be scrutinized carefully in order to avoid problems that are hard to untangle later. A lawyer goes through the contract before anything is signed in order to make sure that the terms are fair and equitable for you as a buyer. Any potentially problematic terms in the contract are brought up and eliminated or negotiated to satisfaction. The goal is to ensure that the contract is not weighted in favor of those who do not deserve more than they are already getting from you.
If you’re considering buying a home and want to make sure you won’t run into problems, contact a Real Estate Lawyer at Lake Law Office today. Lake Law Office, PLLC, can help you with your home purchase.
