As a first-time homebuyer, all you may see is a dream come true. However, you may soon realize that your future home is really a pie, and everybody involved has their finger in it. Yes, all those nice people helping you buy your home are doing it for the money.
Not that there is anything wrong with working for money, but how many of the people and companies involved in your transaction actually represent you? At first, you may see a real estate attorney as just another finger in the pie, but when you realize that every other entity involved in your transaction has legal representation, do you really want to go in alone? If anything goes wrong, you easily could be the one paying the price for someone else’s negligence. Your real estate attorney makes sure that doesn’t happen.
What your real estate attorney will do
Review your contract – Often real estate contracts are just boilerplate (generic contracts) that may ignore the special circumstances of your transaction. Your real estate attorney will make sure your interests are protected and that all other entities involved in the contract have performed their obligations.