Real Estate Lawyer in Swansea. Real Estate Attorney

Property Law Firm. Estate Attorney is licensed to practice real estate law

Real estate attorney, Property Law Firm. Estate Attorney is licensed to practice real estate law, meaning they have the knowledge and experience to advise parties involved in a real estate transaction, such as a home sale or short sale.

A real estate attorney's role is to ensure the legal transfer of property from seller to buyer. These attorneys handle tasks like preparing or reviewing documents, ensuring that the title is clear and facilitating the transfer of funds.

Real estate lawyer may prepare or review all of the documents related to your home purchase, including the contract, any additional agreements made with the seller, documents from your lender, and title and transfer documents. If you use a real estate attorney, they may also attend the closing, either virtually or in person.

Should you hire a real estate attorney in Swansea

Your decision to hire a real estate attorney will likely depend on where in the you're trying to buy property. If you are buying a home in certain states, state law requires you to retain a real estate attorney to handle certain parts of the transaction.

Even if real estate attorneys aren’t required in your state, you may still want to retain one if you're dealing with a trickier type of purchase, like a short sale, or if there's an issue like a neighboring structure crossing over the property line.

In some cases, your mortgage lender may require a real estate attorney be part of the transaction. That could mean you're off the hook for the attorney fees, since the lawyer isn't representing you as a buyer.

A real estate attorney can, of course, also provide help if a problem arises that could hold up the sale.

How much will a real estate attorney cost in Swansea?

Real estate attorney costs will vary depending on what services you need. The attorney may charge a flat fee that encompasses a specific set of services or an hourly fee.

Services real estate lawyer can include:

• Confirming that ownership is appropriately vested in the seller of the home
• Identifying any unpaid loans, liens, litigation or other claims against the property and working to clear them, as well as uncovering deed restrictions and covenants and any breaks in the chain of title
• Arranging for title insurance
• Negotiating as well as reviewing the real estate contract to determine how money will be allocated
• Preparing the deed, disclosures, the mortgage or note to secure debt following the mortgage lender’s instructions and explaining the terms to their client
• Searching for obligations like taxes, utility charges and homeowners association fees, and prorating them based on how they were allocated in the contract
• Preparing a settlement statement showing the funds from the buyer (or provided on the buyer’s behalf) and the charges to all parties involved, such as agent commissions, attorney’s fees, underwriting fee, taxes, title search fee, loan discount points and more
• Facilitating the closing and potentially hosting the seller and buyer to sign documents and collect official identification
• Confirming that the parties have fulfilled their obligations under the contract and assisting with conflict resolution

Finding a real estate attorney If you need to find a real estate attorney, ask for recommendations from friends or relatives who have recently purchased homes. In states where it's customary or required to have a lawyer, your real estate agent likely has recommendations too. Check your attorney's credentials with your state's bar association to ensure they are in good standing. (State bar association websites can also help you find real estate lawyers near you.)

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