Benefits of Having a Lawyer as a First-time Home Buyer.
To many young people and those who are buying their first house, the focus is on getting the money and locating the right property and no one thinks about the legal process. However, the transfer of money and the contract to be signed if you are getting a mortgage is something that has a lot of legal aspects and you need someone who understands that helping you. Also, you can get a better deal if you negotiate and since this is something that attorneys do on a daily basis, the probability that they will get a better deal than you is high. After they win a great deal for you, they will go ahead to read the details to make sure that nothing is getting twisted in the words which might come back to bite you on the back later.
Anyone can sell you a house and if they point you to one and say that it is theirs and they are selling it, you will be inclined to believe if there is no way you can prove that it is not theirs. Title searches are a must for cautious home buyers because they ascertain that the property owner is not impersonating someone else. Buying a property that does not belong to the seller you are dealing with will not make it yours and you will be kicked out by the original owner if this gets to their attention. You will lose your money and locating the person who sold the property to you will not be that easy. This is why you need a lawyer on your side because he will do a thorough title search and if he does not find anything wrong with the property, you will be free to make the purchase.
Also, title searches will allow you to pick out financial implications which may come with the home like taxes which have not been settled or cases where the house is already used as collateral in loans or debts. If you buy a house which comes with such problems, the previous owner will be exonerated and the financial burden falls on you. You will have the upper hand in negotiations if there is information that allows you to bargain better and if there are other issues then you will force the previous owner to own up to them. Another thing you should know is that transfer of property is not something that you can do anywhere without consideration of what the law says about that. The law does require an attorney to be present.