Home Buyers

Why Must You Hire An Attorney?

In perhaps the biggest investment of your life, there are too many pitfalls, dangerous clauses and people working against you. Buying real estate is serious business. You must protect your legal and financial interests, and you shouldn’t go it alone.

What do you have to worry about?

What happens to your deposit money if you’re ultimately denied a mortgage?
What if you later discover the seller intentionally misrepresented something about the home?
What if you buy property with unpaid liens attached to it?
How do you know the seller even owns the home?
Must you still buy the home if it’s damaged or vandalized before the closing?
Must the seller tell you about a boundary dispute with a neighbor?

Who is looking out for you?

The Seller? No, for obvious reasons.

The Seller’s Attorney? Certainly not.

The Lender? Guess what? The lender is loyal to one thing–itself. It’s not interested with most of the obligations between you and the seller. You do share some concerns, like title issues and property value. But this is no surprise, for it has a lien on the property until you pay off the mortgage. Once you close it can start charging interest.

The Lender’s Attorney? Some buyers actually think the bank’s lawyer is their lawyer. FALSE. The bank lawyer represents the BANK, and is loyal only to that entity. This isn’t a judgment call; he’s obligated to serve the best interests of his client. At closing he may try slipping documents past unrepresented borrowers, or charge you for things his client agreed to pay. I can arrange to have a trusted colleague represent your bank.

Real estate agents and mortgage brokers are invaluable in facilitating the sale, providing info and landing desirable loan terms. But they cannot give legal advice. Seller’s agents, for example, must act on behalf of the seller’s best interests.

WHY YOU SHOULD HIRE ATTORNEY STEVEN A. GRANT

I am experienced, careful and accessible in real estate matters. I’ll explain each step and give you “Real Estate 101.” You will learn a lot and I think you’ll find it interesting. But most importantly, I will protect your present and future interests, both legal and financial. My affordable $650 fee means that buyers who would risk going it alone can now have excellent counsel. I take pride in that. Don’t wing this and hope nothing crops up now or years later–not in a transaction of this nature.

As your attorney, I will: Protect your deposit money; Review and negotiate your Offer to Purchase; Review, negotiate and insert critical clauses into your standard Purchase and Sale Agreement; Advise you on financing and inspection issues, and on how to take title; Prepare for you a Declaration of Homestead; Tailor the P&S to account for your lender’s requirements; Review and explain inspection reports; Review title exam with lender’s attorney, i.e., assure that you receive good, clean, record, marketable title; Review your Settlement Statement; ATTEND CLOSING and screen all papers you’re to sign; Review your deed; Arrange for your title insurance, if desired; If you’re buying a CONDOMINIUM–review the condo documents and make the sale contingent upon my satisfaction with them; And if it’s a new development, I’ll ensure you receive your desired options and allowances; And more…call for more details and a free consultation.

“Prevention is better than cure.”

My clients have bought or sold at least one property in the following communities:

Acton
Allston
Arlington
Back Bay (Newbury Street)
Bedford
Beverly
Boston
Brighton
Brockton
Cambridge
Charlestown
Chelmsford
Dedham
Dorchester
Downtown Crossing
East Boston
Framingham
Hyde Park
Jamaica Plain
Lexington
Lowell
Lynn
Malden
Melrose
Mattapan
Medford
Natick
Newburyport
Newton
North Andover
Northborough
North End
Peabody
Quincy
Randolph
Reading
Revere
Roxbury
Salem
Saugus
Scituate
Somerville
South Boston
South End
Stoneham
Stoughton
Swampscott
Taunton
Tewksbury
Wakefield
Waltham
Watertown
Westborough
Westford
Weymouth
Whitman
Winchester
Woburn
Worcester
Wrentham