Home Buying Process
Need legal help with the home buying process? Call a real estate attorney serving the North Shore of Massachusetts, at (978) 744-2811.
Buying or selling a home can be overwhelming when you consider all the details and regulations to follow. It’s also perhaps the biggest investment you’ll ever make, which means you want to ensure you’re entering the right deal. Contact Jordan & White for legal assistance throughout the home buying process in Massachusetts.
Are Real Estate Attorneys Required in Massachusetts?
If you’re planning on buying a home, you may wonder whether you need a lawyer. The short answer is yes. Massachusetts is one of several states that require real estate attorneys to help individuals buy and sell homes.
Besides being mandatory, hiring a Massachusetts attorney to help you buy a home is wise. Your dreams of purchasing a new home can quickly become a nightmare when you encounter mountains of paperwork, complex contracts, and large transactions. A reliable attorney can help the process go as smoothly as possible.
What Do Massachusetts Real Estate Attorneys Do?
Real estate attorneys provide legal services for home buyers, sellers, and lenders. With an experienced lawyer at your side, you can proceed confidently and tackle the various aspects of the home buying process. Your attorney can help in many specific ways, including:
- Interpreting legal jargon
- Ensuring your contract is legally binding
- Negotiating elements of the home loan
- Helping you avoid common mistakes
How Attorneys Can Help a Buyer
Hiring an attorney is critical if you plan to buy a Massachusetts home. You might not know where to start or how to guarantee other parties won’t take advantage of you. An attorney can provide legal advice to help you understand what’s involved in buying a home, how long it will take, and what tools are available to ensure the purchase goes smoothly.
When it comes to buying a home, real estate lawyers can help with the following:
- Creating a purchase and sale agreement
- Working on the closing disclosure with the seller’s attorney
- Placing homestead on your property
- Providing advice on legal aspects of your mortgage payments
How Attorneys Can Help a Seller
Selling a home is a significant endeavor. It involves many steps, such as finding a home inspector to get the home appraised and determining an appropriate selling price. A real estate attorney can help in several ways, including:
- Preparing the deed
- Attending the closing
- Ensuring proceeds go to the proper place
How Attorneys Can Help a Lender
Mortgage lenders are financial institutions or banks that handle home loans. A lender must follow strict legal guidelines to protect all parties involved in the home buying process. Real estate attorneys can help lenders with the following:
- Managing closing transactions
- Verifying documents and records
- Ensuring funds get distributed properly
Jordan & White: Experienced Real Estate Attorneys Serving the North Shore of Massachusetts
Are you planning to buy or sell a home? Jordan & White has successfully helped clients like you throughout the home buying process. Call (978) 744-2811 to talk to an experienced Massachusetts real estate attorney.