Do You Need a Real Estate Lawyer to Buy a House?
You aren’t required to have a real estate lawyer in order to buy a home in Wilmington, DE, but if you do get one, he or she will represent you during the entire home buying process. The attorney will attend the mortgage closing to review the loan documents you sign.
The work a real estate lawyer does for buyers starts earlier than closing. Since taking on a mortgage and buying a house can be overwhelming, lawyers are there to make the transaction as smooth as possible. Mortgage closing packets can be 100 pages or more, so there is plenty of room for mistakes. The job of a real estate lawyer is to make sure that you understand what is in the documents.
While some transactions can be pretty basic and there is no need for a lawyer, you should invest in one if you are having a more complicated transaction, such as owner financing or an all-cash sale.