Have you ever purchased a home or other property? If so, you have been through the process of a real estate closing. If not, you may be curious about your first real estate closing and why you need an attorney. Before property can exchange hands, a real estate closing attorney in Greensboro, NC, must be hired to oversee the closing process. So what does the closing attorney actually do?
- Draft the paperwork. Any legal documents that are needed to approve the purchase or sale of real estate must be drafted by a real estate closing attorney in Greensboro, NC. Deeds, purchase contracts, financing agreements, and other documents must be prepared and approved by an attorney to be legal.
- Aid in negotiations. With the purchase and sale of real estate, there are often negotiations between the parties involved in the transaction, and a real estate closing attorney can help mediate those negotiations.
- Approve the terms. In some cases, the terms and negotiations are done between the buyer and seller and the closing attorney is brought in to review the terms of the contract and approve the transaction.
A Real Estate Closing Attorney in Greensboro, NC, is Essential for Your Own Protection
It is not wise to enter into such a huge financial transaction without the help of a lawyer. Buying a house is likely the largest purchase you will ever make, and you will spend a large portion of your life making payments on it. An attorney will make sure that the contract you enter into is fair and that the terms and conditions are reasonable and legal. Choose a real estate closing attorney in Greensboro, NC, that you can trust with such an important financial undertaking. Donald R. Vaughan and Associates have been handling real estate closings in Greensboro for years and will ensure that the contract you are entering into is fair. Call (336) 273-1415 to schedule your closing date.