Why Do I, the buyer, Need an Attorney?

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Buying A House or Condominium

When you buy  a house or condominium, I as your attorney solely represent you.  There are many parties in a real estate transaction, including the seller, the seller's attorney,  real estate agents, lenders and the title closing staff.  Closing on a home also involves many deadlines. I as your attorney guide you. 

What Happens After I Sign the Purchase Agreement?

After you sign the purchase agreement, I work with the seller's attorney to review the agreement.  I am involved with negotiating any improvements needed to the home due to the several inspections.  If you are  applying for a mortgage, I prompt you to meet your application and approval deadlines.  I keep a checklist of everything you need to bring to  the closing of your home.  The closing is where the seller hands over legal title of the home to you the buyer and payments are made to complete the purchase of your house or condominium.

What is Good Title?

When you purchase a home, you buy a physical building , a tract of land, and the legal title to the land and building.  The legal title is very important.  Without good legal title,  someone else can claim after you buy the home that their title is better than yours. Then, you end up  going to court to get good title or worse.  As part of the purchase agreement, the seller has the responsibility of providing good title.  Usually, the seller's attorney as a title agent checks and warrants the title.  Afterwards ,  I receive and review the seller's attorney's warranty of title.  As part of the legal transaction of purchasing a home, you also buy title insurance to insure the title of your home.

What is Closing?

At closing, I discuss and explain to you the legalities of the title. title insurance, and all the paperwork you sign.  You also pay for the purchase by cash or financing through a mortgage. Then, if possession of the home is at the same time as closing, you leave with the keys to your new home or investment property.  

Fees

I charge a flat rate for all real estate representations unless unforeseen circumstances occur. Unforeseen circumstances are not common in the basic real estate transaction.  Usually unforeseen  circumstances occur when another area of law is also needed to complete the closing.  If unforeseen circumstances do occur, then I charge an hourly rate in addition to my flat rate.  


Please be advised and note it is included in my retainer letter that when I  work as an attorney for the seller, I also represent and am paid through the proceeds of the sale for the legal work  done to warrant title at the closing.  As a title agent, I am paid by the title closing company of the seller's choice unless the seller and buyer agree to a different title company in the purchase agreement. 

Being Available For My Clients

I like being available to my clients.  I return all communications with my clients within 24-hours either by phone or email.  When you work with me,  I want to answer your questions.  

Why Do I, the seller, Need an Attorney?

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Selling a House or Condominium

When you sign your purchase agreement with the buyer, congratulations!!  You have already put much effort into the sale of your home.  

So, How Can I Assist You?

I represent and guide you from the signing of the purchase agreement to the minute you hand the keys to your house or condominium over to the new owner.   I review the purchase agreement to ensure that the terms of the agreement represent you fairly.  I do not renegotiate the price.  Some of the terms include home inspections and contingency approvals for the mortgage if the buyers choose to finance the purchase.  I negotiate these terms with the buyer's attorney on your behalf.  


Second, I prepare you for the closing. Closing is usually held at the title company's offices.  The closing company facilitates the closing paperwork and processes the payments that occur between the buyer and seller.   I keep a checklist of everything you need to bring to the closing.   I call and remind you exactly what you need to bring.  

Most Importantly As a Seller You Have to Provide Good Title to the Buyer. I Make This Happen.

What is Good Title, and How Do I Make This Happen?

When you sell a home, the purchaser buys a physical building , a tract of land, and the legal title to the land and building.  The legal title is very important.  Without good legal title,  someone else other than the purchaser can claim that their title is better than the purchaser's title. Then, the purchaser ends up  going to court to get good title or worse.


I as the your attorney and as a title agent for the title company provide the legal and title research.  Then when you and I attend the closing, you fulfill your legal obligation under the purchase agreement to give good title to the buyer.  As a title agent, I am also the attorney for the title closing company that you choose.  The title company pays me  out of the proceeds of the purchase for the title search and warranty and provides title insurance to the buyer. In most cases, the buyer purchases the title insurance. 


 At the closing,  I discuss and explain to you the legalities of the title, title insurance and all the paperwork that you sign. Then,  usually you hand over the keys to the new owner and the sale of your home is complete. 

Fees

I charge a flat rate for all real estate representations unless unforeseen circumstances occur.  Unforeseen circumstances are not usual for the  basic transaction.  Usually unforeseen  circumstances occur when another area of law is also needed to complete the closing.  If unforeseen circumstances do occur, then I charge an hourly rate in addition to my flat rate.  


Please be advised and note it is included in my retainer letter that as an attorney for the seller I also represent and am paid through the proceeds of the sale for the legal work  done to warrant title at the closing.  As a title agent, I am paid by the title closing company of the seller's choice unless the seller and buyer agree to a different title company in the purchase agreement.  

Being Available to My Clients

I like being available to my clients.  I return all communications with my clients within 24-hours either by phone or email.  When you work with me,  I want to answer your questions.