Buying property probably represents the biggest investment you’ll make in your lifetime. Depending on the purchase, you may have hundreds of thousands of dollars or more on the line. If you’re buying a home, you could face instability in your residential status if you run into problems with a deal.
A Sebastian lawyer for real estate buyers at Lulich & Attorneyscan assist you in navigating the purchase of a property. Our real estate law firm handles home buying, investment properties, lot purchases, and commercial property deals. We can guide you through various real estate transactions, even if you don’t have a real estate agent or broker.
Discuss your real estate needs with one of our representatives today during a no-obligation consultation. After discussing your real estate needs and goals, our legal team can let you know how we can assist you with your next steps. For more information, reach out to a Sebastian Real Estate Lawyer.
Full-Service Law Firm With Decades of Experience in Real Estate
Our law firm has provided dedicated legal help to clients throughout the area for over 35 years. As a full-service firm, we provide comprehensive legal solutions. Real estate clients trust us to guide them through even the most complex transactions with our insight and experience.
We are also an attorney-led title company. This means you can rest assured knowing that we do everything necessary to research a property’s title and ensure your purchase stands on solid ground.
How We Help Real Estate Buyers in Sebastian
Our attorneys take on a host of real estate buying scenarios.
We can help you whether you’re buying:
Single-family investment property
No matter the level of experience of the buyer or the purpose of the purchase, our lawyers can help. We work with experienced professionals, companies, and individuals just getting started. For example, you may want to buy your first home, purchase a rental property for your child, or open up your dream coffee shop. So, no matter your plans or your experience level, our Sebastian real estate lawyer for buyers can help you complete the deal.
You should also know that you can call on us during your real estate transaction. Some people know early on that they’ll require the help of an experienced real estate attorney. Others choose to handle the process themselves and reach out for guidance during particular phases when they need it. And still others start the process and ask us to take over when they encounter some challenges. Our real estate law office can help when you need it.
Do I Need a Real Estate Lawyer for the Purchase of Property?
We recommend that you have a lawyer, yes. Real estate transactions can prove surprisingly complex. A Sebastian attorney for real estate buyers can facilitate the entire buying process. Our job entails protecting your rights and representing your interests in any deal you engage in. When you’re purchasing a property, navigating the buying process and understanding the legalities and responsibilities involved without prior knowledge or experience can prove tough.
Additionally, you may struggle to accurately assess your options and make the best decisions to meet your goals. Inexperience can lead to expensive delays and unexpected costs. Our real estate lawyers offer valuable legal insight and first-hand experience handling countless real estate transactions. Our lawyers can:
Give Legal Advice and Real Estate Guidance
When you work with our team, your real estate buying lawyer can explain your rights, duties, and complex legal documents. It’s our job to ensure you have clear expectations throughout the real estate buying process. We aim to give you the information you need to make sound decisions about the property you’re purchasing, the money you’re investing, and the stipulations of your contracts.
Help With Real Estate Contracts and Documents
Your real estate transaction lawyer in Sebastian can work with the other party to represent your interests in the contracts related to your purchase. We regularly draft and review contracts. We fine-tune and produce documents that are legally valid and mutually beneficial to the parties involved. We can also fill out paperwork and file or submit it for your deal.
Handle the Communications
Purchasing property means communicating with multiple different parties at different times. Staying abreast of phone calls, emails, appointments, and the exchange of documents can feel overwhelming. Our lawyers serving real estate buyers in Sebastian can manage the communication for you. When you need to engage with others to push your real estate transaction forward, we can take the weight off your shoulders and protect your rights while we’re at it.
We communicate with these parties and others on your behalf:
Real estate agents or brokers
Keep the Process Moving Forward
Our firm can help prevent unnecessary delays in the home-buying process. You’ll need to know the best path forward when your transaction stalls. Are there documents missing? Are you waiting on signatures? Are there issues with the property? Hiccups in the financing? A lawyer from our team knows the common issues and can provide solutions that can put your deal back on track or avoid certain delays altogether. They can let you know if it’s necessary to abandon a deal.
With experience in handling real estate transactions, we also have familiarity with the typical length of time each stage of the purchasing process takes. If an unusual amount of time passes and you don’t see progress, we can tell you how to move forward.
You can determine what you need from us and define our specific duties during your real estate purchase. You tell us where you need help, and we’ll guide you through it. Our services cover a range of real estate buying needs.
Our Sebastian Real Estate Services
Our real estate buying lawyers serving Sebastian provide a wealth of services detailed below.
Our Lawyers Help Evaluate the Cost of the Property
It’s important to determine the value of a property beyond the asking price. Our lawyers serving real estate buyers in Sebastian can help you determine the fair market value of your target home or property.
Some of the factors to consider when making an offer or closing on a property include:
The present condition of the house or commercial property
Required modifications to meet building codes
Desired renovations you’d like to make
We Can Work to Include a Home Inspection in the Deal
State law requires the property seller to disclose any defects with a home, but we highly recommend that you perform a detailed inspection of the property. Walking through the property with a certified home inspector can help you assess its value.
A real estate lawyer can ensure that your sales contract includes a certified home inspection. We can also find a certified home inspector and arrange the inspection for you. The inspection should reveal any concerns with the property that you should address before you buy. For example, if the property requires major repairs or certain types of maintenance, your inspection should reveal it.
The inspection should give you, as a buyer, a full understanding of the cost of owning the home. Certain issues, health concerns, and risks could lead you to negotiate with the seller to make or cover repairs or back out of the deal entirely.
A home inspection should cover:
Heat and air conditioning
Windows and doors
Driveways and sidewalks
Insulation and ventilation
The home inspector may note and explain any issues discovered in an inspection report. Both buyer and seller will receive a copy.
The report may reveal only minor concerns or significant issues that require more money to fix, including:
Termites or other pests
We can help you understand the cost of the investment and whether it’s the right fit for you.
We Draft and Review Your Sales Contract
Our Sebastian buyers’ attorneys stand by you to help you structure and understand your sales contract. Buying a home or property comes with many responsibilities. We ensure you understand the buyer and seller’s duties, the costs that each party bears, the deadlines for completing certain actions, and more.
We run a fine-tooth comb through the sales contract and review these details line-by-line so you have the information you need to feel well-informed. Our legal team can also build contingencies into your contract if the deal takes longer than expected to close or unforeseen problems arise. For instance, your purchase could depend on the close of another property you’re selling or the mortgage may not get approved within the expected time.
If so, you may need a clause allowing the cancellation of the sale.
Some stipulations in a sales contract could include:
Who makes or covers the cost of repairs
Plan of action in case a home inspection reveals serious issues with the property
Seller canceling the sale if you do not get a mortgage approval within a specified time frame
Buyer canceling the sale if undisclosed property defects, claims to the property, or unusually long delays occur
Payment of closing costs
Payment for title insurance
We aim to structure a contract that is both flexible and enforceable if changes arise from the time of the agreement to the closing date.
We Help With Mortgage Approval
Our Sebastian real estate attorneys for buyers can walk you through the mortgage lending process. We have a deep understanding of the required qualifications. In addition, we can provide recommendations on the lending institutions best suited to your needs and facilitate the gathering and submitting of required documents. Our law firm can provide advice to maximize your loan approval odds.
The mortgage process usually includes three major phases:
Locating a home
Finding a lender
Our real estate attorneys help you navigate each step.
Help you source property options and gather pricing data on each
Determine your budget and the size of the loan you need
Provide favorable lenders
Guide you through the mortgage pre-approval process, explaining what’s required and how it affects your approval odds
If your lender does not pre-approve your loan, we can review the denial letter and identify the problem. At that point, your Sebastian real estate buyer’s lawyer can help you correct the issue or find alternative lending solutions. You can obtain a mortgage despite a denial or lack of pre-approval. Our lawyers can help you decide your next steps.
We Handle the Closing of Your Property
As a law firm and title company, we can handle closing your home, land, or commercial property. Our attorneys can handle the closing documents, ensuring you understand the significance of each one and your obligation under them.
If everything else looks good, we finalize the deed, transfer the title, and issue title insurance to protect your investment. The closing process often proves key to securing your investment for the future and protecting yourself from unpleasant surprises down the line.
Among our duties during closing, we:
Research the title to identify any undisclosed owners of the property you intend to buy
Search for possible ownership claims that could threaten your rights to the property in the future
Search for liens against the property for money owed for property taxes, contractor work, or civil judgments
Conduct a land survey to confirm the boundaries of the property before you buy it
Issue title insurance to ensure you protect your financial investment should title defects arise in the future and you cannot keep the property
Should any problems arise during the closing, you can back out of the sale. However, your title insurance provides the necessary protection if issues arise after the purchase.
Call Lulich & Attorneys for Help With Your Real Estate Purchase
At Lulich & Attorneys, we have the experience and resources to ensure your real estate purchase proceeds as smoothly as possible. We offer comprehensive legal service that takes you from the beginning of the buying process to closing the sale. Along the way, we offer in-depth legal guidance, document preparation, dedicated legal representation, and customized solutions to overcome the challenges.
Let a Sebastian lawyer for real estate buyers at our firm help you secure the property you’ve been waiting for. Call us today to schedule a consultation: (772) 492-4611.
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