Real Estate Lawyers in Lenoir County Helping Clients Close Real Estate Deals
When it comes to buying and selling real estate, there are many moving parts to consider. From liens to title insurance to closing obligations, many individuals find themselves overwhelmed with the sheer amount of work it takes to buy or sell property. Fortunately, with a real estate attorney on your side, you can rest assured that an experienced professional has your back and is looking out for your best interests, whether you are the buyer or the seller.
If you’re interested in buying or selling property or you have another real estate matter to settle, our team can help. At Swindell Law Firm, PC, our team of attorneys have years of experience assisting clients in closing deals that are beneficial to them. To learn more about our services and receive a free consultation, call today at 252-262-1325.
What Does a Real Estate Lawyer Do?
Real estate lawyers are experienced in any matters related to real property. This includes buying and selling homes, managing properties, compliance, dispute resolution, and title issues. When representing a client, a real estate attorney will advise and ensure that the agreement is fair and just.
There are many responsibilities associated with a real estate lawyer. Below are just some of the services that a real estate attorney may provide:
- Identifying liens, unpaid loans, litigation, or other claims against a property.
- Confirming that the home’s seller is legally allowed to sell the property.
- Arranging title insurance.
- Facilitating the closing of a real estate transaction.
- Negotiating real estate contracts.
- Preparing the deed, disclosure, or mortgage per the lender’s instructions.
- Searching for obligations like homeowners association fees, taxes, and utility charges.
- Facilitating conflict resolution and breach of contract.
- Providing advice to a buyer and seller in a for-sale-by-owner transaction.
A real estate attorney will also do a title search, ensuring that there are no liens on the property that may prevent buying or selling. Once the title search is clear, the real estate attorney will also assist in transferring the title to the new owner or owners.
Who Does a Real Estate Attorney Represent?
Real estate attorneys can represent a few different key players in a real estate translation. In most cases, there will be one real estate attorney representing the buyer, one representing the seller, one representing the mortgage lender, and one representing the title company. It is important to note that the same real estate lawyer cannot represent both the buyer and seller in a real estate transaction.
Does North Carolina Require a Real Estate Lawyer at Closing?
North Carolina is one of the states that requires buyers to hire a real estate lawyer to assist with closing duties. Buyers must consult with a real estate lawyer before the closing date and have their lawyer perform a title search and fill out all the necessary legal documents. The closing process usually takes around two to three weeks to complete. During this time, your real estate lawyer will perform their due diligence to ensure the property is available to sell legally and that the transaction can be completed.
If you are a buyer and you are using a lender, meaning you are getting a mortgage, you will be responsible for gathering any financial information the lender requests. Similarly, you must coordinate the closing scheduling with the closing attorney, your lender, and your agent. If you are ready to put in an offer on a property, it is recommended that you have a relationship with a real estate attorney already established. If there is any delay in hiring a real estate attorney, your closing date could be pushed back.
Once all the necessary paperwork has been completed and the sellers are also ready, closing itself only takes around 30 minutes. During closing, you will meet with your attorney and lender to review and sign the final documents. If you have any questions about the process or the paperwork you sign, your real estate attorney can guide you.
What is Real Estate Litigation?
Buying and selling real estate isn’t the only thing a real estate attorney can assist with. Real estate litigation, or handling a real estate dispute in court, is also a service our team provides.
Below are just some of the real estate disputes our attorneys can assist you with:
- Real estate fraud
- Adverse possession
- Easement disputes
- Landslide liability
- Flooding claims
- Contract disputes
If you are dealing with a real estate dispute, don’t hesitate to contact us. Litigation in court can be expensive and time-consuming, and our team will use our experience and knowledge to assist you in settling your matters outside of court with meditation and negotiation. If those methods fail, our attorneys can work on building you a strong case and representing you before a judge to get the outcome you deserve.
Should I Hire a Real Estate Attorney?
Real estate transactions are some of the most expensive purchases you can enter into. Whether you’re buying your first home, purchasing investment property, or selling your property, consulting a real estate attorney is an absolute must. Our team can look into your real estate transaction and point out potential pitfalls to avoid disputes in the future. We can also look into your title and ensure that your deal is legally binding and accurate.
Many real estate transactions are delayed because of title-related issues, contract disputes, and lack of document preparation. With a real estate attorney on your side, you can rest assured that your transaction is in your best interest and that your closing date will not be delayed because of any mistakes on your end. If you have any questions about a real estate transaction or would simply like more information, contact Swindell Law Firm, PC, today at 252-262-1325.