In the real estate business, there are a lot of risks involved. There are legal implications if any mistakes are made during the transactions. While there are people who do not see the need to hire Real Estate Attorneys Bel Air MD, you will find that when you are making any purchase or even selling property, hiring an attorney is invaluable. You can consult with Attorney Michael S. Birch for more details.
Before you decide on hiring an attorney, it is important that you consider factors such as the cost of the services as well as the scope of the work that the attorney will handle. On the cost for the services, you should realize that different attorneys charge different prices for various reasons. There are those attorneys who charge hourly rates whereas others charge a flat fee for their services. You should negotiate with your attorney on the charges before signing the contract of engagement.
The contract of engagement should be clear and should indicate the responsibilities of each party. Your agents will advise you on the best attorney to hire, but you can also ask from your friends and relatives. The attorney should be licensed and experienced in dealing with real estate law.
The attorney that you hire will review the purchase contract before you sign it. They will make sure that the contract is not disadvantageous to you as the buyer. The attorney will also work with your agent, mortgage loan officer as well as the seller’s attorney to ensure that all parties are in agreement.
It is also the work of the attorney to review important documents such as the bills of sale, the deed, and plat of survey, mortgage loan documents, and the title insurance property. The attorney can negotiate your expenses with the seller or the prorated expenses that could be due to you from your seller. It is important that your attorney is present during your closing.
Notably, the attorney does not counsel home buyer per se but you can request your attorney to advise you especially if you are a first-time buyer. In reviewing the documents, it is important that you hire only experienced Real Estate Attorneys Bel Air MD to review the documents as they can notice any anomalies expediently. One such attorney is Michael S. Birch. You can browse their website for more information.
