In this article, you can learn about:
- What you should keep in mind when talking to a real estate attorney.
- How an attorney can help you make sure that the title you are purchasing is “clear”.
- The benefits of working with an attorney in the closing process.
Do You Need An Attorney If You Already Have A Real Estate Agent In Louisiana?
Many people assume that they don’t need an attorney when a real estate agent is involved, but an attorney plays an important role in the purchase and sale of any property. From working to ensure that your closing documents protect your legal security to providing counsel and insight into complicated transactions – your real estate lawyer will provide oversight and care at each step of the way.
How Can A Real Estate Attorney In Louisiana Help With My Property Transactions?
For over 20 years, Progeny Law Firm has helped people in Louisiana throughout residential and commercial real estate closings with skill and precision. Our services are geared toward making sure that your transactions are free of any roadblocks that can cause delays or hardships later down the road.
So, what topics are important to discuss with a real estate attorney before buying or selling property in Louisiana? In truth, it’s essential to go over all your goals and concerns. Most importantly, you’ll want to talk about the title and whether you’ll use a trust or are getting financing. Additionally, you should be sure to note what terms and contingencies you are looking to have in your contract.
Any time you are preparing to sell or purchase a property, you need to remember that you’ll be required to disclose the condition of your property to the buyer. Because of this, it’s always a good idea to check your records for any maintenance or improvements you’ve made and go over these documents with your attorney.
By working with an attorney, you can avoid some of the pitfalls so common to these matters, such as:
- Tax Liens
- Judgments filed against owners in the chain of title
- Missing links in the chain of title
- Inspection problems
- Financing issues
- And more…
Additionally, your attorney will review the property records to ensure that the property has a clear title and that all legal obligations are met along the way.
What Does It Mean To Have A Clear Title?
A clear title is one that is free of any liens, encumbrances, or defects that would render it ineligible for owner’s title insurance. This insurance is always advisable buying property so that you can ensure your ownership interest is protected.
How Can I Make Sure My Louisiana Real Estate Closing Goes Smoothly?
At closing, both parties sign all of the documents that are required to transfer the title of the property to the buyer. The best way to ensure that this goes smoothly is to stay in contact with your title company and real estate agent throughout the drafting process and review all documents ahead of time. This way, you can be sure to avoid surprises when you go to the closing table.
For more information on Real Estate Matters In The State Of Louisiana, an initial consultation is your next best step. Get the information and legal answers you are seeking by calling (225) 465-1090 today.