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Why Buy Title Insurance | Choosing an Escrow Agent | Using An Attorney | FAQ

SHOULD I Hire a Lawyer?
Hiring a lawyer is not required by law in order to buy a house. But hiring a lawyer can help.

Think of a lawyer as insurance. A good real estate attorney is a watchdog who can lead a client through the thicket of details and paperwork required for any house sale.

Most charge a flat fee between $300 and $1,000.

Here's what one should expect a lawyer to do:

Review the sales contract - Unless the condition and properties of the house are specified in the contract, the buyer may be stuck with a furnace on the verge of collapse or exposed wires dangling from the ceiling. A lawyer makes sure buyers know exactly what they're getting, and not getting, for their money, and typically asks for modifications in the contract to protect the buyer's interests.

Serve as a liaison between lender and buyer - To avoid last-minute surprises or delays, a diligent real estate lawyer will require a commitment letter from the lender, which sets exactly what conditions, if any, need to be met before the loan is approved.

Advise on the closing - The lawyer summarizes the documents that the client must sign, including mortgage contracts, title reports, waivers, bills of payment and any other paperwork relevant to the transaction. A lawyer will look over all of the closing material to make sure there are no problems.

Help settle disputes - Even after the sales contract is signed and the mortgage approved, problems may arise that require the contract to be amended. For example, the inspection report may turn up undetected problems with the house, or arguments may erupt about exactly what is included in the sale. A lawyer can help mediate these disputes.

Ask friends and relatives for recommendations when seeking a real estate lawyer. Also, you can get referrals from lawyers not specializing in real estate, bankers, agents or the local Bar association.

TITLE 101
WHY BUY Title Insurance?
Many title problems can cause the complete or partial loss of your home or property. Even the most careful search of public records will not find every title problem. More
CHOOSING An Escrow Agent
Choosing the right land title agency to handle your sale can mean the difference between a smooth, fast closing or a delayed closing with headaches and anguish! More
SHOULD I Hire a Lawyer?
Hiring a lawyer is not required by law in order to buy a house. But hiring a lawyer can help. More
FREQUENTLY Asked Questions More
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Home | About Us | Title 101 | FSBO Listings | Contact Us
All Title Services, Inc., 270 E. Main St. - Suite 210, Painesville, Ohio 44077
Tel: (440) 357-9303 | Fax: (440) 357-9361 | Email



	Home \| About Us \| Title 101 \| FSBO Listings \| Contact Us


		Call today (440) 357-9303 \| email
Why Buy Title Insurance \| Choosing an Escrow Agent \| Using An Attorney \| FAQ SHOULD I Hire a Lawyer? Hiring a lawyer is not required by law in order to buy a house. But hiring a lawyer can help. Think of a lawyer as insurance. A good real estate attorney is a watchdog who can lead a client through the thicket of details and paperwork required for any house sale. Most charge a flat fee between $300 and $1,000. Here's what one should expect a lawyer to do: Review the sales contract - Unless the condition and properties of the house are specified in the contract, the buyer may be stuck with a furnace on the verge of collapse or exposed wires dangling from the ceiling. A lawyer makes sure buyers know exactly what they're getting, and not getting, for their money, and typically asks for modifications in the contract to protect the buyer's interests. Serve as a liaison between lender and buyer - To avoid last-minute surprises or delays, a diligent real estate lawyer will require a commitment letter from the lender, which sets exactly what conditions, if any, need to be met before the loan is approved. Advise on the closing - The lawyer summarizes the documents that the client must sign, including mortgage contracts, title reports, waivers, bills of payment and any other paperwork relevant to the transaction. A lawyer will look over all of the closing material to make sure there are no problems. Help settle disputes - Even after the sales contract is signed and the mortgage approved, problems may arise that require the contract to be amended. For example, the inspection report may turn up undetected problems with the house, or arguments may erupt about exactly what is included in the sale. A lawyer can help mediate these disputes. Ask friends and relatives for recommendations when seeking a real estate lawyer. Also, you can get referrals from lawyers not specializing in real estate, bankers, agents or the local Bar association.
		TITLE 101 WHY BUY Title Insurance? Many title problems can cause the complete or partial loss of your home or property. Even the most careful search of public records will not find every title problem. More CHOOSING An Escrow Agent Choosing the right land title agency to handle your sale can mean the difference between a smooth, fast closing or a delayed closing with headaches and anguish! More SHOULD I Hire a Lawyer? Hiring a lawyer is not required by law in order to buy a house. But hiring a lawyer can help. More FREQUENTLY Asked Questions More Quick Links View Favorites Saved Searches Logout Member Signup Member Login


Home \| About Us \| Title 101 \| FSBO Listings \| Contact Us All Title Services, Inc., 270 E. Main St. - Suite 210, Painesville, Ohio 44077 Tel: (440) 357-9303 \| Fax: (440) 357-9361 \| Email