Closing On A House? Have A Real Estate Lawyer There With You

You’re so close to signing on the dotted line for a new property, you can taste it. You've found your dream home, you've met with the seller and have agreed to a transaction. Only one thing left to do: close. It can be a nerve-racking experience, and having a lawyer there with you can be a big help with financing, insurance and title.

A real estate lawyer can help address any problems that may arise when attempting to close a deal. For example, it’s important for a homeowner to obtain flood, fire and storm insurance, and it’s typically required (depending on location) for a homeowner to present proof of insurance when closing a deal. A lawyer can help you make sure all of this is in order before attending the closing.  A real estate lawyer can also help with title insurance, which protects you against issues with the title of the property.

For more tips on closing on a property and the legalities involved, contact New York real estate law firm Scheichet & Davis, P.C.