Selecting an attorney to supply real estate buyer representation is advantageous, even if you already have a real estate agent.
A lot goes into purchasing a home. You'll often begin by browsing the available listings and contacting a real estate agent once you find one that interests you. Some homebuyers will contact the real estate professional first, give them some parameters, and let them narrow down the search.
Whichever method you use, there will come a time when you find the perfect home and make an offer. As the situation progresses, the current property owner could accept your proposal, and the transfer process will commence.
Closing a real estate deal involves a significant amount of paperwork, and you must be 100% certain that the documents are filled out correctly and filed with local authorities. Any mistakes in the closing process could cause legal issues for you and your family in the future.
As a result, you might consider using a buyer representation service when closing a sale in Florida. An attorney specializing in real estate buyer representation will go over all your closing documents before you sign or file anything, ensuring you're taking all the proper steps to protect yourself.
Here's a look at how a real estate attorney can guide you through the process as you close your home purchase agreement in Florida.
- Closing a real estate deal is a complex process
- Your real estate agent could miss something
- Using an attorney minimizes your risk
- PeytonBolin offers real estate buyer representation in Florida
How the buyer representation process works
Both home buyers and real estate agents can initiate the process of hiring a real estate buyer representation service.
In many situations, buyers will ask for a keen legal eye to look over all the documents before finalizing the agreement. It makes a lot of sense for buyers to look to a real estate attorney because it's their money at stake if there's an issue with the sale.
Still, there are also real estate agents who prefer having this additional support on their side before allowing their clients to sign any contract. These agents are staking their reputation on every deal that goes through, and legal assistance offers peace of mind as their clients close a deal.
In either situation, all the attorney requires is a copy of the fully executed sales contract. This contract will also include information on the timeline, determining how long the lawyer has to complete the review.
From there, the lawyer will look at the sales contract to identify any irregularities present in the document that could affect the sale.
Keep in mind that many real estate attorneys won't charge you any upfront fees, as you'll only pay at closing. If something in the contract prevents you from finalizing the deal, you won't have to pay the attorney at all.
What the attorney does
Once you decide to hire real estate buyer representation, you might want to know what the job entails. Sure, the lawyer will look for any issues in the contract, but what exactly does that mean?
First, the attorney provides you with title company coordination. This service ensures the title is clear and that the person claiming to own the property is the real owner.
There could be liens or judgments against the property, too, which would prevent the seller from legally completing the sale. Your lawyer can also provide proof that any past liens or judgments have been resolved. This information is something lenders will want to see if you're seeking a loan against the property in the future.
A real estate attorney will complete this search quickly and efficiently, putting your mind at ease as you close this real estate transaction.
Next, your attorney will coordinate the signing process. All parties will need to sign the real estate contract on time for the agreement to proceed and the deal to close. A lawyer can ensure everyone is on the same page, getting these documents signed while staying on the predetermined timeline.
These services come together to create peace of mind for all buyers while ensuring there isn't something in the contract that will cause issues in the future.
Why this service is important
Perhaps the main reason a real estate buyer representation service is essential is the confidence it gives clients when closing a deal. You probably don't have a legal background, so reading through these dense documents could leave you more confused than when you started.
Having an attorney on your side provides the help you need and prevents you from handling the entire closing process independently.
You can't afford to overlook the legal considerations of a real estate contract because they could have a significant impact on the future value of your new property.
Real estate agents should also look closely at these buyer representation services because they provide an additional layer of protection. Agents don't want to make a mistake when handling a contract because it could negatively affect their clients, which could damage their reputation moving forward.
Since real estate agents tend to rely heavily on their reputations, making an error that damages them could harm future income opportunities. It makes sense to hire a set of professional eyes to look over all the documents to ensure you didn't miss anything.
Choosing the right real estate buyer representation
You'll have a few options when selecting some real estate buyer representation in Florida, so consider how a particular attorney could benefit you carefully. It's usually a good idea to go with a lawyer who doesn't charge upfront fees and will stick to the deadlines put forth in the contract.
PeytonBolin offers real estate buyer representation in Florida. Our team of attorneys will examine your sales contract, ensure the property's title is clear, and make sure you're getting what you're paying for as you close the deal — all without charging you anything upfront. Contact PeytonBolin today for more information on our buyer representation services.