Real estate transactions often involve a lot of moving parts, so it’s natural to have questions about real estate law when buying or selling a home. We have answered three common questions we receive about real estate law below, and we hope they help guide you during your next transaction.
- Do you need an attorney to close on a property? In many states, including North Carolina, a real estate attorney plays an important part in the closing process. We will make sure the title to the property is clear, prepare and review legal documents, oversee the transfer of funds, and confirm the transaction complies with applicable state laws. Our goal is to protect your investment and help you avoid costly mistakes.
- What is a title search, and why is it important? A title search reviews public records to make sure a seller has the right to transfer ownership of their property. These reviews also identify potential issues, such as easements, unpaid taxes, or liens. By identifying these problems before closing, we can help you prevent legal issues and delays.
- How long does the real estate closing process take? Timelines vary for real estate closings, but for the most part, they take several weeks from contract to completion. Factors like financing approval, title issues, inspections, and document preparation can affect closing timelines. Make sure you stay responsive and work with us to keep the closing process moving smoothly.
We would be happy to answer any other questions you have about real estate law. Contact us today to learn more.