Do You Need an Attorney When Buying a Home?

Do You Need an Attorney When Buying a Home?

If you are thinking of changing your resident, then there are several reasons that you may want to consult a lawyer before signing any documents. While most real estate agents are trustworthy, working with a lawyer can save you many headaches. Here are some reasons that you may need an attorney who is knowledgeable about Utah real estate laws.

Get a Favorable Contract

There are many different factors that can be negotiated when buying a home in Utah. Of course, one of the biggest things that you can negotiate is the price that you are willing to pay. While many agents suggest that it will take up to 60 days for a home purchase to close, it can often be done much faster if all details can be arranged quickly. You can use contingencies to negotiate when needed home repairs are going to be done and who is going to pay for them. You can also negotiate what appliances and furniture stay in the home, and how long you have to have a professional make a home inspection. You can also ask the seller to pay more of the closing costs. You, however, need a real estate lawyer to make sure that all these items are covered in your contract.

Find Property Liens

Liens may have been placed on the property for a variety of reasons. Someone may have placed a lien on the property because the current owner owes them money. Other times, property tax liens may have been placed on the property. Even, construction liens may still be in place. Utility and health insurance providers can place liens against properties. A lawyer can find these liens and help negotiate what happens to the lien.

Property Transfers

In most cases, a property can transfer from one individual to another without any hassles, but if that property is held in a trust, by a corporation or is in probate, then the transfer becomes much more complicated. Seeking the advice of a lawyer helps you know how to proceed. After all, you do not want to end up paying money only to discover that the property cannot be transferred to your name.

Spencer & Collier PLLC. has the experience necessary to help you buy your home quickly while making sure that the sale is legal and in your best interest.

Tags: real property investments, real estate, real estate lawyer

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