Almost any real estate sale, whether direct or indirect, will require the use of professional inspectors, realtors, and attorneys. Most people with little to no experience and background can often feel overwhelmed by dealing with all of this alone. You can, however, streamline the entire sale or purchase process with the help of a real estate title company.
The role of a real estate attorney is crucial to protecting buyers and sellers, as they can ensure all the proper paperwork is in place and legally followed. In addition to assisting with the transaction process, title companies also protect lenders.
Here’s how a real estate attorney can save you time, money and much more:
1. Streamline Your Title Search
2. Issues with the Property Contract
3. Title Insurance
4. Property Closings
Streamline Your Title Search
If a property is relatively new, or new to the market, those who would like access to the full history of a property might not have it. A home's history isn't just useful as a piece of background information, but it can also be very beneficial when it comes to future sales of the property.
Public records can be searched by a real estate title company for information pertaining to a property's title. Title companies can use this information to check for anything that would make transferring ownership more difficult. A real estate attorney can act as a mediator between sellers and buyers by verifying the legality of the sale and clarifying any potential issues associated with the property.
Our experienced attorneys here at Rochford Law & Real Estate Title can help with locating existing liens, unpaid taxes, easements, leases, and more while conducting a title search. Before closing on the sale, your attorney may be able to obtain a survey of the property to verify the location of the property lines and to discover any issues.
Commercial real estate closings in Nashville necessitate an experienced real estate attorney. Visit Rochford Law & Real Estate Title today!
Issues with the Property Contract
On occasion, there are breaches in the original contracts you sign when purchasing or selling a piece of real estate. An initial contract is issued when an offer has been made on a property. According to property contracts, both parties are responsible for the full completion of all aspects.
Parties who fail to follow the stipulations of any section of the contract may be exposed to litigation. You will likely need the direct knowledge and experience that a professional, local real estate attorney and title company can provide.
In spite of thoroughness, there is always a possibility that another problem with the title will be discovered. Don't be concerned if you do encounter title insurance issues or property issues. One of the main jobs of your real estate attorney will be to help you through any and all title related stipulations.
A real estate title company will typically be able to offer two different types of insurance options, though depending on the attorney you work with, be sure to ask for all of the options available to you.
Your real estate attorney may also be able to serve as the closing agent for your final transaction when it comes time to close on your property. An experienced attorney will be able to arrange the closing process and compile any and all necessary documentation.
When required, this process will include verifying the necessary funds as well as acting as the escrow agent to distribute them. During the closing of your property, your real estate attorney will act as an impartial third-party to assist where needed.
Instead of seeking advantages for their clients, title companies will make sure everything is addressed, drafted, and filed. Any subsequent issues that may arise in the legal transfer of real estate can be prevented by these services.
Hire a Professional Tennessee Real Estate Attorney
Are you in need of assistance with your real estate property sale or purchase? Hiring an experienced real estate attorney like Rochford Law & Real Estate Title in Nashville, TN can save you time and money in the long run.
It’s best to cover all your bases and get through a real estate transaction with as little problems as possible. However, it’s comforting to know that should a dispute pop up, a real estate attorney can help find a resolution.