Real estate closings: Your choice of lawyer matters

Purchasing or selling a home is a particularly complex legal transaction, one that involves much more than just negotiating and agreeing to a sale price. In addition to the multiple legal and financial challenges that can arise throughout the sales process, Massachusetts property buyers must also be careful to avoid problems with the final step, the closing.

If you are buying or selling your home or other type of property, you know that the process can be complicated. When it comes to the closing and other challenging issues, you would be wise to turn to an attorney with both experience and knowledge of the law in order to ensure that your rights are fully protected.

How can an attorney help me?

Most buyers and sellers simply opt to hire the services of a real estate agent as they walk through the transaction process. When it comes to the closing and other matters before the closing, however, they may find it beneficial to have the assistance of an experienced real estate attorney. This is crucial for reviewing contracts and protecting your interests, especially in transactions pertaining to the following:

  • For sale by owner
  • Commercial transactions
  • Seller financed transactions

These types of transactions can be complex, but an experienced attorney will know how to protect your interests in case of complications and unexpected issues. Additionally, if the other party backs out at closing, evidence of fraud comes to light or other problems arise, you will benefit from an attorney who has litigation experience and can help shield you from potentially damaging financial implications.

A smooth and successful closing begins well before the actual closing date. It takes time, preparation, knowledge of the law and the ability to navigate complications in order to move the transaction forward to completion.

Help for more than just the closing

Closing on a new property is an exciting time, whether it is for residential or commercial purposes. As there is much at stake during this process, your need for an attorney extends beyond just the closing. An experienced real estate attorney can help you with issues pertaining to:

  • Liens on the property
  • Disputes over construction
  • Title disputes
  • Tax consequences of the purchase or sale

You will benefit greatly from the assistance of a lawyer who can walk you through any aspect of the real estate transaction, as well as complete the closing. Due to the serious financial repercussions at stake when buying or selling property or a residence, you would be wise to seek qualified legal support from the very beginning of the process.

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