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Find an Attorney
Personal referrals can be an excellent souce for finding a
real estate attorney. We recommend that you choose an attorney
that specializes in real estate law. He/she will be important
when you have signed a purchase contract. Your attorney will
review the entire contract and will give you the opportunity
to make certain changes, if necessary. These changes will
need to be made during what is called the "Attorney
Review Period".
This review period should be specified in the purchase contract
and is usually 7-10 days. Once you and your attorney have
agreed to all of the changes that you wish to make to the
contract, your attorney will submit the revised contract to
the sellers attorney. The seller's attorney will then either
agree to the changes, modify the changes or say no to the
changes. The attorneys will go back and forth until both parties
agree to the terms of the contract. If both parties never
agree on the terms, and the attorney review period expires,
then the contract may be considered null and void.
An attorney will also attend your closing and help you go
through the Lender's closing documents, review the Title Report
and also help you through the Seller's closing documents.
It is recommended that you get an attorney for a purchase
contract and closing due to the compexity of the paperwork.
The fees that an attorney will charge for contract review
and attending the closing will generally range from $250-$500.
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