Buying a Home While Protecting Your Interests

Buying a home is one thing; buying a home while protecting your interests is another story. It is an exciting time for first-time home buyers, albeit a tad overwhelming. Purchasing a home contains plenty of legal concerns, many of which home buyers are unaware of.

After dedicating years to saving up financially, searching for that perfect property, and placing offers, the last thing anyone needs is a stressful closing process. Protecting your interests is critically important to ensuring that smooth closing experience.

Buying a Home While Protecting Your Interests

There are numerous professionals involved in the real estate transaction process. Their interests are not always aligned with the home buyer or home seller. So, who is going to look out for your interests while buying a home?

Once you have signed an Offer to Purchase contract, it is legally binding. This can be risky if signed without an attorney’s guidance. In addition, not having complete understanding of the Offer to Purchase can also be risky.

Involving a real estate attorney ensures that there is a party operating on your behalf. For many Americans, purchasing a home is the largest financial decision of their life. In fact,

An attorney should be involved in the real estate sales process, as they will be there exclusively to protect your interests as the buyer. Purchasing a home is a critical and huge decision, as well as probably the largest financial transaction you will make in your life.

Even though it is a big decision for you, many others who are involved have their sights set only on the purchase of the property. They do not necessarily care how it gets to the closing process. This is problematic, as it is not uncommon for buyers who do not have the assistance of an attorney to sign legally binding contracts that do them a disservice.

It is also important that buyers have their own specifically designated attorney who is protecting them. Other attorneys may be involved in the process, but it is likely they might represent the bank or selling party. Moreover, an attorney should be involved from the start. All too often, buyers only hire an attorney after an offer has already been signed. This can all too easily lead to unintended mistakes that could end up being a problematic part of the transaction process.

It should be a top priority for every buyer to hire their own attorney for the entirety of the home purchase process.  A professional attorney will have the ability to thoroughly ensure that the buyer’s interests are protected throughout the entire process. Buying a home is a big decision, make sure to do your due diligence and protect yourself.

For help buying a home while protecting your interests, schedule a conversation with the residential real estate attorney at Lee Scott Perres, P.C.