Should You Hire a Real Estate Lawyer to Buy a House?

 

There are so many things a lawyer can do for you. Your house is your most precious Los Angeles real estate investment so you want to make sure that everything is right. Going back to the question, the answer is yes. If you want to be 100 % sure that your investment will go well and you will not encounter any legal problem in the future, you might want to hire an attorney.

Another factor to consider is the budget. A lawyer typically charges more than a regular real estate agent. So if you have the budget and you will buy a very expensive property, you better hire a lawyer to make sure that the transaction that you will enter is in accordance with the law.

Here are some situations when the help of a lawyer can be very valuable:

Checking the status of the property

If you will buy a condo, the lawyer can review the Status Certificate. This document describes the condo corporation and has the information about the unit that you will buy. The lawyer will review the document to make sure that the condo builder is complying with the law and will not face any possible lawsuit in the future.  

The Property Search

If you are going to buy a single-family house, it is important that the property is clean from any legal liability. For example, your lawyer can investigate the tax certificates and compliance to make sure that the Passman Group property doesn’t have any outstanding arrears or work orders. Your lawyer can also identify certain issues that need to be taken care of by the seller including:

Old mortgages from the previous owners

Old liens must be paid out.

Is there any easements affecting the property?

Drafting the Mortgage

A lawyer can take care of your mortgage problems. He can prepare your mortgage and all you need to do is to wait until you receive the money. He makes acquiring a mortgage looks so easy.

Take Advantage of Rebates

Los Angeles Real Estate Lawyers are more adept when it comes to government programs that provide rebates or assistance to homeowners. Since they are updated with new policies, they know if you are entitled to tax exemptions and rebates. If you are qualified, you can receive a rebate of up to $2,000 to $4,000, depending on the price of the house that you bought.

 

Please follow and like us: