REAL ESTATE CLOSINGS

Pre-Sale Representation

In North Carolina, a real estate attorney must facilitate the "closing" of real estate transactions. Both federal and state laws impose strict requirements on sellers regarding contract provisions and disclosures. Having a knowledgeable attorney by your side can ensure that the real estate contract meets all the necessary legal requirements. As a buyer, it is essential to understand what you should expect from sellers during a real estate transaction.

Addressing Title Issues Prior to Closing

Once a contract is approved, an attorney will arrange for a title search to be conducted. This search certifies that the property's title can be transferred without any defects. If there are any encroachment issues, an attorney may request a survey of the property before closing. With an experienced attorney involved, potential issues that could negatively impact the property can be quickly identified and addressed, ensuring a smooth transfer of property without any encumbrances or surprises.

Your Attorney's Role at Closing

During the closing process, all the necessary documents related to the property transfer are signed, and deeds and deeds of trust are recorded with the local register of deeds as evidence of the sale. Tax matters and other closing expenses outlined in the contract are resolved and paid. Throughout the closing, if you have any questions, your attorney is available to review the documents before signing and address any concerns you may have. This ensures that the documents are error-free, and you have a clear understanding of what you are signing.

Post-Closing Issues

Buying or selling real estate is a significant endeavor, and discovering issues after the transaction can be frustrating. If you suspect any title defects or other problems that have arisen since the closing, it is important to contact an attorney immediately. Your attorney can review the contract and transaction details to help determine the best course of action for a timely remedy.

If you are buying or selling property or experiencing issues with a recently purchased or sold property, reach out to a Franklin, NC real estate attorney. Russell Bowling has extensive experience in a wide range of real estate transactions and understands the importance of paying attention to every detail. Through the use of solid contracts and effective negotiation, he can assist you with all your residential real estate matters. For a confidential consultation, contact the law office of Russell R. Bowling at (828) 524-5070 or fill out the online form anywhere on this site.