You’ve heard that it takes a village to raise a child. At EXP Realty, we also say that it takes a team to sell your home.
When you hire a EXP agent, you are hiring an entire team of highly experienced real estate professionals. Our agents have an average 15+ years of full-service real estate experience. And in that time, they’ve developed relationships with many of the area’s top service professionals.
In our “What can Your Agent Help You With?” series, we’ll break down 15 services that your agent can help you with. Today’s topic: Closing Attorneys.
Your Agent can Help You Find Closing Attorneys
All of your professional photography, marketing, open houses, and negotiating is for naught if you can’t close successfully with the buyers. Closing attorneys play a vital role in the transaction process, making sure all the legal I’s are dotted and T’s are crossed.
Our agents combine their market experience with your first-hand knowledge of the home to get you top market value. The closing attorney helps wrap up the process with a nice, tidy bow.
What is a Closing Attorney?
Closing attorneys play a valuable role in the real estate closing process. After the due diligence period and when a purchase agreement or lending request has been made, they step in on behalf of the buyer, seller, or lender to make sure paperwork is complete and drafted in the best interest of their client.
What does a Closing Attorney do?
There are several primary functions handled by the closing attorney during a real estate transaction:
Title examination and insurance
Review of documents
Recording and disbursement
Coordination
Closing attorneys examine property titles on behalf of the buyer and lender. They create an overview of any liens, judgments, or mortgages against the property. After that is complete, the closing attorney prepares an opinion on the property for the buyer to present to a title insurance company.
On closing day, the closing attorney is present to review and explain the various documents associated with the real estate and loan closing. They distribute all monies in the transaction, then update the title and record the deed and/or deed of trust. During this entire process, the closing attorney is responsible for maintaining lines of communication between the many parties involved in the real estate transaction, including the buyer, seller, lender, HOA, surveyors, inspectors, and more.
Do I Really Need a Closing Attorney?
You aren’t required to engage a closing attorney in the state of North Carolina, but it is certainly to your benefit to hire one. Keep in mind that other attorneys present at the closing may represent the interests of the other parties. It is up to you to make sure you have legal representation for your interests, too.
Real estate closings require preparation, execution, and notarization of documents. This process can be difficult to understand if you don’t have a legal or real estate background. Closing attorneys prepare or review all documents related to your closing. They also ensure that your rights in the transaction are adequately protected in the process. If any legal questions or issues arise, your attorney is there to help you understand the terms and conditions of the closing documents.
In addition to their legal expertise, it also helps if your attorney is an expert in your local community. It’s easy to do a quick internet search for local real estate attorneys in North Carolina. But why worry whether you’re hiring the best closing attorney in town when you can be sure?
Need a reliable closing attorney? Ask your agent for recommendations!
Begin the Plan for Your Home Sale Today!
In any real estate transaction, it takes an expert team to get you where you want to go. When you, your agent and area service professionals work together, you are more likely to sell for top dollar.
All real estate is local. In order to make confident real estate decisions, we believe it is important for you to have timely and neighborhood-specific information. If you would like more information about buying a home in NC, our experts at EXP Realty are here to help. Contact us today to speak with a EXP agent about buying homes or land in North Carolina.