Page 6 - Buyer`s Packet
P. 6
tips for:
USING AN ATTORNEY
FOR BUYING REAL ESTATE
WHY?
Buyers may wonder why to use an attorney if they already have a contract with the seller. An
attorney who practices real estate law will provide the buyer with experienced insight and
expertise, giving them peace of mind during the closing process.
An attorney may provide the following:
DOCUMENT REVIEW CLOSING FIGURES REVIEW LEGAL ADVICE
Contacts the Seller's attorney Verifies closing figures from the Provides legal advice in any
to ensure the Title Seller's attorney. These figures negotiations post contract,
Commitment (which discloses include all expenses concerning including inspection issues.
all liens and titles existing on the sale and satisfaction of liens
the property) is reviewed. and encumbrances on the
Remains available through the
property.
closing process and attends the
closing to review all documents
Reviews all documents Contacts applicable sewer tax
presented to the buyer.
prepared by Seller's attorney entity to obtain a proration
for closing, including the through the closing date.
Deed (which conveys the title
Obtains the most recent tax
to the Buyer.)
information and tax assessment
for the property to prepare closing
figures.