Your Home: Real Estate Attorney
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A home purchase will likely be the single, biggest investment you will make, which is why you will want an experienced real estate lawyer to represent you during closing time.
"Most homeowners aren't business people. All of a sudden this transaction comes along that's three, four, $500,000, and that's a very, very significant transaction, and if it doesn't go well, the exposure for the normal homeowner could be very, very substantial," said Anthony Ianello, real estate attorney.
If you are not familiar with any real estate attorneys, you're real estate agent will most likely have someone they recommend. You can always do a web search as well, but often, its the tried and true method that brings results.
"Generally it is a word of mouth, talking to others who have purchased homes, or who have sold homes, and to see what their experience has been like with their attorneys. An attorney that spends most of his time in the matrimonial area, or defending or prosecuting tort claims, that attorney would not be the best to secure the services of, in connection with a real estate transaction," said Ianello.
Ianello also suggests meeting with your attorney ahead of time. It is important to understand how everything works so that come closing time, you are not overwhelmed.
"It's very helpful if the prospective homeowners comes into the office of the attorney and receive an overview of what the process will entail, how all of these elements are weaved into the contract that the homeowner will sign," said Ianello. "The attorney can go over the real estate contract that is used in the area, so that the homeowner has an idea of what's in the contract before they sign the contract."
Finally, don't be afraid to ask a lot of questions. Ask them until you feel comfortable, especially for first time buyers. It's a lot to take in all at once, so it is best to have a thorough understanding before you sit down at the closing table.