Choosing to sell your home can be a difficult decision to make – and choosing how to sell your home only adds to the pressure of choosing to put your home on the market. Whether you approach a real estate lawyer or a title company, both have their fair share of pros and cons; should you ever choose to put your house on the real estate market, make sure that you know enough about both options before you commit to either side.
Real estate lawyers are those that specialize in laws relating to real estate; and they will make sure that your interests, as a seller, are met in the transaction. Real estate lawyers are useful because they’ll be able to help you with the required documentation, and will help you keep track of down payments. An attorney will be able to provide professional advice for your documentation, and for the transaction. These attorneys will also be able to help you understand the legalities behind the transaction – and the rights that you, as a seller, have over the property; and will make sure that your transactions are fully legal, and follow state and federal regulations. An attorney will be able to represent you at the meeting – and will be able to negotiate for any modifications to the contract that the seller may want to incorporate. One important job that real estate lawyers will be able to do is that they’ll be able to prepare the seller’s deed; and these attorneys will be able to accompany you to your meetings and provide advice, and will be able to advise you on any tax implications involved in the sale of your home.
There aren’t many cons to hiring a real estate lawyer; the only visible con is that you’ll have to pay for the lawyer’s services, at a time when you may not have the money at hand.
Title companies, on the other hand, are companies that examine and insure title claims for real estate purposes. There are two types of title insurance; the first one being Lender’s title insurance; which protects the lender against certain title risks (like forged signatures and recording errors, among others). Homeowner’s title insurance is the second kind of title insurance offered, and this makes sure that the homeowner’s equity is insured; this protects the owner as well as the owner’s heirs (if there are any).
Title companies assure that the buyer will be able to get the title on the home, and this protects the rights of both the parties that are interested. There is one loophole, however; most title companies insure a closing with the help of a lawyer to fulfil certain requirements. Most title companies have a team of lawyers with them; but certain homeowners may choose to hire a lawyer of their own choosing.
One benefit of title companies is that they will be able to holdyour down payments and close your home without additional costs, making them a more financially feasible option.
Rutman and Rutman Professional Corporation provides professional, individual service to all its clients, and does so at competitive market rates, making sure that their client base is fully satisfied. Whether you are a homeowner or a corporate manager, Rutman and Rutman Professional Corporation will be able to adhere to your individual and business needs; making this company a wise and useful choice for any situation.