Do I Need a Real Estate Closing Attorney?
Anyone who has engaged in a real estate transaction can attest that the process is very complex, and the amount of paperwork is monumental. This is all the more true in Texas, which has laws governing sale of property not existent in many other states. In Texas it is not legally necessary to hire a real estate lawyer in College Station, but it is strongly advised that you do so.
The Role of Closing Attorneys
Real estate closing attorneys perform different services from real estate attorneys. The latter guides buyers and sellers through many aspects of the transaction. In contrast, a closing attorney does just as the name suggests—assists with matters pertaining to closing the real estate sale.
What Your Closing Attorney Will Do for You
A closing attorney is required in some states, but as mentioned, such is not the case in Texas. The Title Company takes care of the closing of real estate deals in this state. However, this is not to suggest that a real estate lawyer is superfluous. Hiring a closing attorney to assist ensures that your rights and expectations are protected.
Among the tasks your closing attorney will handle are:
- Review title records for liens or errors which can affect your sale/purchase.
- Help resolve any issues discovered.
- Verify that the property can legally be sold, and that the seller has that right.
- Negotiate the terms of the loan and sale.
- Provide a final review of all documents to make sure everything is accurate.
While you may opt not to seek the assistance of a closing lawyer for smaller real estate transactions, for larger ones you really can't afford not to.
A Real Estate Lawyer in College Station Can Help
If you are purchasing or selling a property, you should strongly consider hiring a real estate lawyer in College Station to assist. Call Peterson Law Group to arrange a consultation today at 979-703-7014.