Rochford Resources Blog

Many people searching for the right property report difficulties understanding the entire real estate purchasing process. With that in mind, understanding everything you need to know about closing on your new property can be extremely beneficial in the long-run.

The real estate sales process can be confusing for those without the abundant experience of a real estate attorney. There are a lot of terms that don’t come up in day-to-day life like escrow, lien, and easement. Those entering the process often find that it doesn’t tend to be as straightforward as they might think.

With property closing as the end goal, there are a lot of things that have to be aligned for this to be completed. Many of the steps leading to closing can add unforeseen headaches, and delay your final transaction.

To avoid a delayed closing, here’s what you need to know:

Did you know that homes tend to sell the fastest in the United States during the warmer months? If you’re looking to buy or invest in property soon, you’ll probably have a lot more to consider when closing on commercial real estate properties. As with most things, there are many steps to the process of purchasing commercial real estate.

From the initial viewing of properties to putting in an official offer, the real sticky situations arise between the day an offer is accepted and when the final signature is put on the last closing document. Finding and securing all the necessary documents for your closing transaction can become a lot of hard work. Closing on a commercial property can often be even more difficult.

Because of the wide use for commercial properties, there are more factors that affect the steps included in the closing process.

As home ownership rates have increased by about 65% since last year, working with a real estate closing attorney could be in your near future. Real estate transactions can be some of the trickiest things to tackle in your adult life. Whether you’re investing in a residential or a commercial property, real estate investments can be expensive. The larger the price tag, the more intricate your agreements can become, leaving you more exposed to potential risk.

When you invest in a real estate property, there are a lot of legal documents that will have long-term effects for both parties involved in the transaction. It will be important for you to get those contracts right the first time. Your real estate agents are going to have a lot of knowledge relating to these essential documents, but they aren’t going to know everything. Working with an experienced closing attorney can provide you and your agents with the guidance and assurance needed to confidently make it through your closing process.

The assistance of an attorney throughout real estate transactions is not required in Tennessee, but it’s highly recommended.

Here’s everything you need to know about how a closing attorney can benefit you:

As 33% of people investing in a property tend to be first-time buyers, knowing how a real estate attorney can help with property closings can be extremely influential. Commercial real estate closings in Nashville can be challenging, however, the details of your agreement are incredibly important.

While the specifics of real estate closings tend to differ between each transaction, there are similar overarching processes that will require detailed attention. The presence of an experienced real estate attorney can ensure none of these items are overlooked, and can help keep you fully informed along the way.

Here are the top ways a real estate attorney can help expedite your property purchasing process:

The day has finally come to sign the closing documents for your new home. But wait, you need to find a reliable notary amidst the COVID-19 pandemic. In a time where digitization is key, remote online notaries are now available for your closing document needs. 

If you live in a developing city such as Nashville, TN, you’ve probably unknowingly seen various HPR home types as you’ve driven through your neighborhoods. Horizontal property regimes (HPRs) are an increasingly popular classification of property. The most typical and easily-spotted examples are lots that hold two new homes where there was previously a singular home.

Did you know that in 2020, 89% of people selling their homes were assisted by a real estate agent? Of that 89%, 74% of sellers would use an agent again. To make use of a real estate agent, you just have to want to sell your home. And yes, this also includes FSBO listings.

As someone looking to purchase commercial real estate in the area, did you know that Tennessee requires a franchise and excise tax that can equate to 4% annually? Deciding to put your property into an LLC or purchase an umbrella insurance policy can be a tricky feat. With varying state regulations and laws that go along with these transactions, commercial ownership can benefit from a real estate attorney.

A real estate attorney is a professional that fights for you and your property needs. This can offer you protection throughout the sales process and afterwards. Problems with any property services during this sales process or issues with neighboring lots can lead to the need for a real estate attorney.

Here are some of the ways a real estate attorney can help save you money in Nashville, Tennessee:

With 40% to 50% of all marriages ending in divorce, understanding how to properly follow state guidelines and divide your assets can be challenging if you find yourself in that situation. Family issues of any kind are typically sensitive and can lead to heated arguments.

To avoid any further issues throughout your marriage separation, lean on a real estate attorney. Seeking legal advice can be the turning point in your divorce. As more and more problems can arise from married couples separating, a real estate attorney can ensure you’re covered when you need it.

The time has come for you to sell your home. Will you decide to list as FSBO, or will you hire a real estate agent? Regardless of the choice you make, working with a real estate attorney can help ensure you have everything under control.