Buying a home is one of the largest and most significant purchases you will make in your life. Because the purchase of a home will affect an individual’s life over an extended period of time, often measured in decades, it’s important to work with an experienced, reputable home buying attorney to ensure that you avoid many of the common problems that can pop up in the home-buying process.
At the Law Office of David Rocheford you’ll find a highly experienced home buying attorney who is familiar not just with the common real estate problems, but with some unusual ones as well that can derail a home purchase. Some of the common issues that frequently occur that would be flagged by a knowledgeable home buying attorney include sellers who sign purchase and sale agreements that do not address a number of potential legal issues that could arise later.
As a home buying attorney who has handled hundreds of home purchases, I see this issue come up often. Real estate agents customarily use standard forms, expecting that they will cover all circumstances or will be easily customizable for unusual situations, but then the document doesn’t get revised adequately to address specific issues that can come back to cause trouble later for the buyer. A home-buying attorney well-versed in the ins-and-outs of real estate purchase documentation catches little problems like that.
The purchase and sale agreement is the single most important document in the home-buying process. Although standard printed forms are useful, an experienced home-buying attorney can be helpful in explaining the form and making changes and additions to reflect the buyer’s needs. The failure to revise a standard purchase and sale form is just one of the many issues that may need to be addressed by a home buying attorney to create a truly effective and comprehensive purchase and sale agreement.
Most home buyers finance a substantial portion of the purchase price for a home using a mortgage loan from a bank or mortgage lender. To avoid closing problems, the purchase and sale agreement should contain a carefully worded provision that the home buyer’s obligation is subject to obtaining a commitment for financing.
To learn more about the purchase and sale process and everything else that’s involved in buying a house, talk with an experienced home buy attorney. Please contact me at the Law Office of David Rocheford.