3 Reasons to Have a Lawyer When Buying Real Estate

Buying a home or vacation home can be one of the largest purchases you ever make. Doing so can cause you to alter your spending habits greatly and it's important that you go into this transaction with all the facts. Avoid unfortunate consequences and hire a real estate lawyer at the Lake of the Ozarks to help you with this huge transaction. Phillips, McElyea, Carpenter, and Welch is here to explain a few reasons as to why you should have a lawyer when buying real estate.

3 Reasons to Have a Lawyer When Buying Real Estate

Reason #1
Avoid buying a house that isn't everything you dreamed it would be.
There have been too many instances where a buyer has purchased a house and either didn't have it inspected first or had it inspected but had trouble reading the inspection report correctly. You don't want to find yourself living in a home that has mold in the basement or a roof that is near its end. It's vital that these things are clearly inspected first and that you understand all of the legal terms of the inspection report. An experienced real estate lawyer in Camdenton can help you make sure the inspection runs smoothly by explaining the inspection report to you and urging you to get your house inspected in the first place, by explaining the potential consequences of not doing so.

Reason #2
Understand difficult legal terms on real estate contracts better.
Let's face it, there's a lot of paperwork that can come with buying a house, such as your mortgage agreement, closing contract, title, and title insurance agreement. There may be terms in there you might not understand and with this being one of the biggest purchases of your life, it's important you do understand them in order to avoid a potential, financial blunder. 

Reason #3
Address any liens that may be on the property you are buying.
A lien allows for another person to possess a piece of property until a debt owed to them is paid. Sometimes, a property must be clear of all liens held against it in order to be viable for a mortgage. A real estate lawyer can help you perform a title search to see if there are any liens on the property you are wanting to purchase.

Buy Your Home with the Assistance of Phillips, McElyea, Carpenter, and Welch

At Phillips, McElyea, Carpenter & Welch, P.C. our real estate lawyers have many years of experience in handling a wide variety of real estate problems and title issues. To better meet your real estate and title needs, we work closely with Phillips & McElyea Land Title, Inc. which provides complete title insurance, escrow, and real estate closing services. If you are buying or selling a home and need a real estate lawyer you can count on, call our law office in Camdenton for a free consultation. We can be reached at 573-346-7231. 

Law Offices of Phillips, McElyea, Carpenter, & Welch, P.C.
The choice of a lawyer is an important decision and should not be based solely on advertising. When you need a knowledgeable attorney, we invite you to contact us to set up a consultation. Evening and weekend appointments are available. We have access to interpreters.

We accept Visa, MasterCard, and Discover.

85 Court Circle N.W., P.O. Box 559
Camdenton, MO 65020   GET A MAP
(573) 346-7231 - Telephone
(888) 236-2485 - Toll-Free
(573) 346-4411 - Fax

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