HomeVestors Knows That A Real Estate Attorney Is Indispensible

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Invest capital in an experienced real estate attorney and rest assured knowing that all contracts are written legally.

Dallas, Texas HomeVestors is the nation’s number one home buying franchise and has helped real estate investors purchase 50,000 properties over the years. The company knows that buying and selling houses, or holding property for the purpose of renting, is in actuality much more convoluted then it appears on the surface. There are so many layers of the law, at federal, state, and municipal level that real estate investors have to abide with, the failure of which might invite huge penalties including, unintended tax balances, fines, lawsuits from private persons in the general public, lawsuits from clients, or even jail time. A good real estate attorney, who is equipped with the skills to guide a real estate investor away from such negative outcomes, has to be at an investor’s top investment priorities.

Some states require investors to hire real estate attorneys to guide them through the process of every real estate purchase transaction including closing. Even in those states that don’t, a real estate attorney remains an indispensable asset. The higher the stakes involved, the more sense it makes to get an attorney involved in order to avoid costly mistakes. During the process of negotiating a deal and drafting up a contract, the presence of an attorney is especially useful. A good real estate attorney would first and foremost provide a peace of mind to an investor who doesn’t have to worry about legal intricacies. It is also extremely relieving and provides a sense of balance when their own attorney also represents the other party at the other end of the negotiating table. Experienced real estate attorneys can spot a potential problem in a contract from a mile away, and will be able to advise their client about how to best modify a draft contract to avoid future potential problems. They know how to legally circumvent possible stumbling blocks that can stand in the way of a deal going through.

Other important documents connected with a sale such as the deed, title policy, insurance policy, and mortgage loan documents, are usually examined by a real estate attorney, who should be skilled enough to catch occasional errors like misspelled names or errors in legal descriptions, which can be rather costly to correct once they have been filed. Real estate attorneys also typically play major roles in the closing process. They examine chains of title, looking out for possible errors that could delay or stall a sale. They can be very instrumental in resolving any issues discovered right before closing day. They also help explain the terms of contracts and loans by examining all documents for complete accuracy before closing.

Obviously, these tasks, which can costs investor’s days and even weeks of headache, are worth paying a real estate attorney. An investor should make sure the candidate they pick is well reputable, is licensed to practice in their home state, and is backed by a wealth of experience in real estate law.

About HomeVestors of America Inc.

Dallas-based HomeVestors of America, Inc. is the largest buyer of houses in the U.S., with 50,000 houses bought since 1996. HomeVestors trains and supports its independently owned and operated franchisees that specialize in buying and rehabbing residential properties. Most commonly known as the “We Buy Ugly Houses®” company, HomeVestors strives to make a positive impact in each community. In 2012, for the seventh consecutive year, HomeVestors was among the prestigious Franchise Business Review’s “Top 50 Franchises,” a distinction awarded to franchisors with the highest level of franchisee satisfaction. For more information, visit www.HomeVestors.com.

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