Categories: Real Estate

The Importance of Having a Real Estate Legal Asset When Buying and Selling

If there is one type of law which is complicated beyond reason it is financial and real estate law. With not only regulations and rules changing every year but also the financial details themselves changing daily, it is a wonder anyone can even get a fair deal. It is important to understand that the banks and lenders’ jobs are not to get you a good deal. Their sole purpose is to get a favorable agreement for the bank. This oftentimes means a far less favorable deal for you.

Navigating Confusing Legal Language

Legal speak is always difficult to wade through. However, when it is mixed in with countless financial facts, percentages, and numbers, it can be downright indecipherable. This is where you need a trained legal expert who specializes in this type of law. It is the only way you are going to get someone to explain this complex legal dialogue to you. How can you expect to make the best decision if you don’t have all of the information?

Dealing With Complex Financial Details

Each of those numbers and decimals and percentages all mean something in this type of law. They represent interest rates, variations, length of term, monthly payments and so on. Each one of these and many other specifics all need to be documented properly and verified. Also, the fine print and details of any contract should never be ignored, especially on real estate.

These details may be the difference between a balloon payment and flat final payment. They may also list an incorrect detail such as an adjustable rate instead of a fixed rate. There are a number of examples of what a real estate lawyer might catch that you would miss.

Let the team here at Bell Law lookout for you during your next home purchase or sale. With everything from price to rate to term on the line, you need to make sure you get the best deal. We’d be glad to be the ones to safeguard your interests in any real estate transaction. Simply get in contact with us to find out more details!

Bell Law, LLC

Recent Posts

Who Can You Trust To Handle Something as Important as Your Final Wishes?

There aren’t very many topics as unpleasant as discussing one’s own demise. However, that doesn’t…

1 week ago

Items Home Inspectors Are Not Required to Cover During an Inspection

It surprises many homeowners or buyers when they first learn about all of the things…

1 month ago

Is Your Business Protected Now That You Work from Home?

As if running your own business wasn’t already difficult enough on its own, now you…

2 months ago

Autumn Real Estate Market Trends

The housing market is just like anything else when it comes to change; it’s inevitable.…

2 months ago

Tips to Beat First Time Home Buyer Stress

Even though buying your first home should be a cause for celebration, it is frequently…

3 months ago

Home Exterior Updates to Make Before Putting Your Home on the Market

Selling a home can be a massive undertaking, and the real work begins long before…

3 months ago