Do You Need a Closing Attorney to Buy a Real Estate Property in Florida

Do You Need a Closing Attorney to Buy a Real Estate Property in Florida

Did you know that you can employ a Florida real estate attorney to handle your closing, including your title search? Employing a title company for your title search does not always go well. This reservation is because the cost can be equivalent to hiring an attorney, if not higher. Having an attorney on your side can be beneficial when there are potential legal complications with your acquisition. These complications include a complex purchase agreement, boundary disputes, or other worries.

Role of Closing Attorney When Buying a Real Estate Property in Florida

You must have a legal aide at your closing to ensure that you acquire a clear, marketable title to your property. Also, ensure that the seller has covered all construction costs. And that you are completely protected under the Florida Mechanics and Materialmen’s Lien Law if the house you are buying is still being built or was just finished. Your rights and obligations under this law can be explained to you by an attorney. The property may be liable to liens even after the full contract price has been paid if you fail to take precautions against mechanic’s liens. Additionally, extra caution should be exercised after recent home repairs or when construction supplies have been delivered.

Your attorney can inform you of the title after conducting a thorough inquiry if the seller can transfer such a title to you. No one can offer you advice without a thorough inquiry. Remember that the company does not speak for you if you are closing at a title insurance firm. It is only serving as a closing agent. This can also be the case if you are concluding at a lawyer’s office. Also, investigate carefully to find out if you are being represented before you close. Your attorney can review the pertinent title information to ascertain who is the land’s owner, any flaws or claims made against that ownership, and any steps that must be taken to ensure a good record title.

Lastly, as a cautious buyer, you should demand that your attorney attend the closing to review every aspect. Your attorney will be aware of the details crucial to ensuring that your purchase results in trouble-free ownership.