Real Estate Transactions Faqs

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Frequently Asked Questions

Here you’ll find answers to the most common questions about our legal services. These FAQs are designed to help you understand your rights, the legal process, and how we can assist you efficiently.

What is a real estate transaction?

A real estate transaction involves the buying, selling, or transferring of property ownership between parties, often including contracts, inspections, and title transfers.

Do I need a lawyer for a real estate transaction?

Yes, you are required to have an attorney to facilitate the closing of your real estate transaction. While there is no legal requirement to have an attorney in all stages of the transaction, many people seek out an attorney to help them prepare their documents at all stages of the process. Due to the significant investment that real estate purchases represent, we strongly encourage you to speak with an attorney at your earliest opportunity when you begin searching for a property.

This will ensure that you are protected at all stages with thoughtful and insightful documents that will protect you and give you the confidence you need to complete your purchase. You don’t want to expose yourself to unnecessary risk that an attorney can easily shield you from.

What documents are required for a real estate transaction?

Common documents include the purchase agreement, property deed, title report, inspection reports, mortgage documents, and closing statements.

What are things not to do after closing on a property?

After closing on a house, avoid making large purchases or changes to your credit profile, neglecting to pay your mortgage on time, and delaying essential property maintenance or insurance updates. It’s also important to keep all important documents pertaining to the purchase of your residential property.