It’s that time once again folks! The Vermont Mortgage Company hopes everyone’s week has been stellar. In previous blogs we have talked about who should be on your team when going through the mortgage process, such as mortgage brokers and realtors. Today, we will explore another person you want in your corner: a good lawyer. The lawyers can provide specific services that others may not, and can save you much hassle when it comes to law or administrative related tasks. So what can they do for you?
Firstly, lawyers are able to help you when it comes to negotiating. While price may be at the forefront of your mind, there are many other items that ought to be considered. Lawyers are able to ensure that items in the contract are all in order, covering many of your bases. This can range from terms of payment to contingency clauses. Many of these things can slip the mind of a buyer who is trying to juggle many things at once. Delegating responsibility can save a lot of time, as well as the peace of mind that it will be done the first time around.
Not only can a lawyer help with the legal aspects of the process, they can also offer advice on how to proceed when certain situations arise. Should an inspection or survey be required, a lawyer can help you find someone reputable to perform them. They can also advise you on how to move ahead, should anything arise during such inspections.
Important documents also fall under the expertise of the lawyer. The Purchasing Contract, arguably the most important document in the process, will be reviewed by the lawyer before you become legally bound. Titles of the houses in question will also be inspected, ensuring there are no problems there. Should anything be found, the problems will be remedied instantly. This would be preferable than having a snag arise, slowing the process down by weeks, or any kind of ugly legal battle that could ensue after the fact.
Finally, when the time comes for the house it be sold, they will be there to represent you. They can notify you of what should be brought to the closing, and can ensure the process goes smoothly. The last thing we would want is for a problem to come up right before the closing!
Nothing is foolproof, so covering your bases during a long process is your best bet. There are many things that can go wrong, so having an expert in the room can make the difference between getting your dream house today, or having to wait because one document had an error. At the Vermont Mortgage Company, we have many lawyers we can personally vouch for! When you choose to start the process, we will be able to point you in the right direction of who could help you best. If you have any questions, or would like help finding the best lawyer for the job, we are here for you! Call us at 802-863-2020, or visit us online.