Thursday, February 5, 2009

Do I need and attorney?

Buyers have the option to have an attorney or not. Most of the local attorneys are $500 or less. My personal opinion is it is best to have an attorney. They look over the contract and have 8 days to agree to or modify the contract to purchase. They look out for your interest and make sure you are protected, especially when you have a special situation or something out of the norm. They make sure all the documents are correct, that what is included is legal and clearly defined and all parties to the contract understand exactly what is meant. They take care of the closing figures and send them to the title company and take care of any problems that come up at the closing. They are a cool head that can take the emotion out of your home purchase. They are going by the rule of the law and with the size of the investment you are making they are an insurance policy that you should give consideration to. I never close my own transactions without making sure to have my attorney look over the paperwork, to be sure I did not get the emotions in front of the legal footing. We can get you a home without an attorney on the buying side, but I always feel more secure when they are there to protect your interest and make sure all the i's are dotted and the t's crossed. The title companies do a great job but a second safety net is never a bad thing when you are spending this much money.

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